Reggie Middleton Wins the CNBC Stock Draft 21 Stocks, 7 Traders, One WinnerSubmitted by PWA on Fri, 02/08/2013 - 01:40
Yesterday I appeared on CNBC as they announced that I won their Superbowl themed stock picking contest. The contest involved 15 investment professionals choosing amount 21 stocks. It was light-hearted, but as all who know me can attest, I take everything money related quite seriously. I want to take the time to illustrate why I picked the stock that won - Google, and what was wrong with many of the other picks. Unfortunately, shorting wasn't allowed, for if it was my readers and subscribers know that Facebook (The Truth About Facebook That No Media O…) and Apple (What Sell Side Wall Street Doesn't Understand About Apple) would have been shorted in combination with a Google long that would have produced better returns and less volatility (risk).