2009-01-12 18:16:04 -

TraderPlanet.com, a newly launched social networking website for active traders and investors, today announced its first "Guess Where The Dow Will Close" contest, offering members the chance to correctly predict the closing price of the Dow Jones Industrial Average on January 30th, 2009, the last trading day of the month.


The premise of the contest is simple: beginning

January 10th through January 20th, entrants can submit answers online at (www.TraderPlanet.com), and the contestant who comes closest to the actual closing price of the Dow on January 30th will win $10,000 in trading software, plus $2,009 in cash from TraderPlanet.com. The winner will also have the option of applying the cash winnings as a financial contribution to the charity of their choice via TraderPlanet.com.


If more than one person chooses the same number that is closest to the Dow closing price on January 30th, TraderPlanet.com will resolve the winner through a tie-breaker question.


"The spirit of our contest conveys that our members are not afraid to take risks and buck current market thinking," said Lane J. Mendelsohn, publisher of TraderPlanet.com. "January has historically been a good month for the stock market and, in particular, for the small-cap and value growth investor. There are many theories about why January sets the tone of the stock market for the, known as the "January effect", though some will insist that trading strategies can't predictably beat the market even though there's evidence to dispute this."


About TraderPlanet.com


TraderPlanet.com, a Tampa Bay, FL-based social networking site, provides individual traders of all skill levels a one-stop destination for financial information and trading tools. TraderPlanet.com is the only financial networking site of its kind that offers its members a full suite of market data feeds, advanced technical tools and extensive analyst commentary across asset classes, while enabling members to give back to the broader world community through gift giving to charitable causes. Designed to level the playing field between institutional and individual investors, TraderPlanet.com's fully interactive multimedia platform is designed to promote the free-flow exchange of ideas through questions, answers and comments geared towards improving trading strategies and investment performance.








Media:

Spring O'Brien & Co.

Marc Weinstein, 212-620-7100 ext. 216

marcw@spring-obrien.com