Downtown Traders CNBC contest picks

Friday, May 26, 2006

Big Gamble

Being that it is the last day of the contest, I decided to make a bigger gamble then normal. I put almost half the portfolio in IIIN. Although, this could easily backfire, I was basically looking for something that could return 10% in one day. Steel and materials stocks caught a bid yesterday and if it carries on to today then IIIN could squeeze some shorts. They also cleared a downtrend line I had yesterday. Of course, they could pull back and test support. I also am holding CRS and SLW. Good Luck to anyone else in the contest.

DT

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