Brokers challenged to spank the monkey
Wall St chimp makes chump of investors
Forget the bulls and bears of the stock market -- there's a chimp in the US who likes nothing more than making a right monkey out of Wall Street. Raven -- a six-year-old chimpanzee -- has already increased her fortune by 55 per cent over the last six months after randomly choosing a basket of Net stocks simply by tossing arras* at a dartboard. "It's all in the wrist action,"' said Raven in a statement after she hit the bull's-eye with, among others, CMGI, Lycos and Inktomi. Now she's challenging the whiz kids of Wall Street to see if they can spank the monkey. One thousand people are being given the chance to take part in the Beat The Monkey Contest to see if they can do better than Raven at picking the top performing Net stocks. The contest begins on Monday and ends on Friday 30 July. The winner will receive a Dell PC. Before you rush off and try your hand at beating the monkey, be warned -- Raven's selections made in January have doubled the performance of the Dow and the NASDAQ composite. That's not bad considering Tarzan's right hand chimp wasn't even able to participate in any of the hot new issue offerings. "There is hardly a day that goes by that a fortune isn't won or lost by some lucky or unlucky Internet investor," said Roland Perry, editor of the Internet Stock Review and creator of the MonkeyDex. "It's truly the wild, wild west. So let's see who the best man (or monkey) truly is." MonkeyDex is the Internet's first index of Net stocks picked by a real monkey. ® * arras -- Brit slang for darts, derived from arrow, pronounced arra.