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Week 1: CNBC Million Dollar Contest Portfolio Update

Posted on May 16, 2008

Please note that in no way should the following be considered investment advice and that the author in real life, as per our full disclosure policy, does not have a position in any of the companies mentioned.The first week of the CNBC Million Dollar Portfolio Challenge is nearly coming to an end. We ve gotten off to a pretty good start, cracking the top 1% with a portfolio rank of 3027 on a return of 9.5% thanks to a couple of winners; Solarfun Power (SOLF) and E-Trade Financial (ETFC). We purchased Solarfun Power at $14.94 on the belief that it was heading towards a technical breakout above...

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