Zacks Top Simulator Player Interview features Nucor Corporation, Broadcom Corporation, Amgen Inc., Google and United Technologies Corporation.CHICAGO -- Zacks.com introduces a new series featuring interviews with the leaders of the Zacks Simulator game. The Simulator allows investors to prove their stock picking abilities by competing directly against other players for prizes worth thousands of the dollars. This week Zacks received investment insight from another leading contestant in the Zacks Challenge Simulator competition, Kevin McElroy (aka: Ktrade06). Kevin's Simulator portfolio holdings include options on Nucor Corporation (NYSE NYSE See: New York Stock Exchange :NUE NUE Nitrogen Use Efficiency NUE Nuremberg, Germany - Nuremberg (Airport Code) NUE Non-Upset Ends (piping) ), Broadcom Corporation (Nasdaq:BRCM BRCM Broadcom Corporation (stock abbreviation, AMEX) BRCM Master Chief Boilermaker (USN rating) ), Amgen Inc. (Nasdaq:AMGN), Google (Nasdaq:GOOG GOOG Google, Inc. (stock symbol) ) and United Technologies Corporation (NYSE:UTX UTX United Technologies Corporation (stock abbreviation, AMEX) UTX Unreal Texture (a texture pack for Unreal-engine games) UTX Unit Training Exercise UTX Under Track Crossing ). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=2518 Highlights from the February 1 interview include: Kevin describes himself as an extremely aggressive option trader. His Simulator portfolio includes options on Nucor Corporation (NYSE:NUE), Broadcom Corporation (Nasdaq: BRCM), Amgen Inc. (Nasdaq:AMGN), Google (Nasdaq:GOOG) and United Technologies Corporation (NYSE:UTX). This aggressive trader, who seeks out volatility, explained that he developed his style of investing from being very poor. "By not having a lot of money, the only way I'm able to invest in many of the large-cap companies is to buy the options," said Kevin. Click here http://at.zacks.com/?id=2515 to check out some of his recent trades. How does this Zacks Challenge contender know when it is time to get out of a position? Kevin is always watching charts, which inform him at any given time who has the majority control of a particular stock, the buyers or sellers. If he owns a call, he will sell it when sellers take control of the investment. If Kevin owns a put, the options player will sell it when the buyers take control of the stock. This market watcher conducts most of his research on the web. He is also a fan of Zacks' Profit from the Pros daily newsletter, where Kevin always checks on the bull and bear of the day. In addition, this market player stays updated by referencing the lists of Zacks #1 Rank (strong buy) and Zacks #5 Rank (strong sell) stocks. What is Kevin's outlook for 2006? He believes that there is a lot of money on the sidelines On the sidelines An investor who decides not to invest due to market uncertainty. on the sidelines Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. , and if interest rates keep going up, he sees a possible recession on the horizon. Having said that, Kevin thinks it will be a cautious stock picker's market. His prediction for the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. is somewhere in the neighborhood of 11,000 by the end of this year. Zacks concluded this week's interview by asking Kevin's advice for someone who is just starting out in the market. Touting the Zacks Challenge game, this Simulator player suggests doing a lot of paper trading Paper trading (sometimes also called "virtual trading") is a simulated trading process in which would-be investors can 'practice' investing without committing real money. before diving into the market with real money. Kevin said, "I highly recommend trying one of Zacks' simulator games. I love this Q1 challenge game, it is an incredible opportunity to test your different strategies and trading systems The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. and experience all of the ups and downs ups and downs pl.n. Alternating periods of good and bad fortune or spirits. ups and downs Noun, pl alternating periods of good and bad luck or high and low spirits without loosing your pants." Check out the complete interview and learn more about the Simulator at: http://at.zacks.com/?id=2518 The Challenge is On! Do You Have What it Takes? Sign up now for the Zacks Challenge. It's free. It's fun. It's the place to show your investing prowess. The best stock pickers will be rewarded with thousands of dollars in prizes. Learn more at http://at.zacks.com/?id=2520 About Zacks Zacks.com is a property of Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. , Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. The goal is to unlock these pros' profitable insights for individual investors hard-pressed to find this valuable information in one source. A free subscription to "Profit from the Pros" weekly e-mail newsletter provides the best way to use these experts' insights for more profitable investing. Register for a free subscription to the Profit From the Pros newsletter at http://at.zacks.com/?id=2521 Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. (a) The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard & Poor's. The S&P 500 includes the reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. of all dividends, no transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , and represents the gross returns before management fees. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. |
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