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Author Topic: Live chat  (Read 2928163 times)

Orca

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Re: Live chat
« Reply #4380 on: July 16, 2016, 02:38:38 pm »
When the news first came out, the ZAR flipped and lost 20c in minutes.
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Cornand

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« Reply #4381 on: July 16, 2016, 03:39:14 pm »
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Moonraker

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Re: Live chat
« Reply #4382 on: July 16, 2016, 04:42:29 pm »
Maybe. But mainly due to USA data.
Retail sales, manufacturing reports give Fed scope to tighten.
Traders see a 38 percent probability the U.S. central bank will raise interest rates by year-end, up from 35 percent Thursday, as the economy shows signs of resilience.
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Orca

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« Reply #4383 on: July 18, 2016, 10:39:20 am »
JSE sees record foreign buying. Moneyweb.
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Patrick

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« Reply #4384 on: July 18, 2016, 11:02:07 am »
What do you think the driver is Orca? Do they suspect local conditions will improve, or is it just an increase in risk appetite?
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Orca

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Re: Live chat
« Reply #4385 on: July 18, 2016, 11:32:01 am »
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Snapcase

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Re: Live chat
« Reply #4386 on: July 18, 2016, 06:03:31 pm »
@Patrick, could you show me how it all works out with Magash and similar with borrowed money?

He was able to buy R1 619 789,75 worth of ACL, where he should have been able to buy R966 997,82 worth of it (just that total minus his -R652k).

Now ACL is up 8.16%, so he's made R132 174,84 profit.  Whereas he should have only been able to make R78 907,02.  Thats a gain of R53k for nothing.

So when you say it'll all even out when he sells, how are you taking into account that R53k extra? Its an error of 7.6% on his % growth stat.


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Patrick

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« Reply #4387 on: July 18, 2016, 09:39:02 pm »
You're right snapcase, it wasn't quite fair. He basially had access to leverage. In this case leverage worked to his advantage, but it could also have worked to his detriment. I'm open to suggestions as to how to deal with errors in future if you have any.
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gcr

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Re: Live chat
« Reply #4388 on: July 18, 2016, 10:33:23 pm »
Not having followed this debate, but, is it not possible to unwind the whole transaction and then re create the transaction as it should have happened. Not sure if you purchase prices are hard coded - this could be a problem if they are
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Snapcase

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Re: Live chat
« Reply #4389 on: July 19, 2016, 10:13:57 am »
Yeah its not trivial by any means, especially with your fees calc on top.  Plus without knowing how your scripts and DB work together, even more difficult.

The easiest way is probably to manually adjust the number of shares the person was allowed to purchase in the first place.  You'd have to work out that number working backwards from the double sell amount, and factor in the fees as well.

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Snapcase

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Re: Live chat
« Reply #4390 on: July 19, 2016, 11:29:23 am »
And agree with Brad...something went whack with FSD's account around the 19th of May, he magically had access to double his money and has been making some good gains there from it.  That'll be a complete nightmare to fix, haha.
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Orca

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Re: Live chat
« Reply #4391 on: July 19, 2016, 12:38:06 pm »
Those that knowingly take advantage of this type of error should be punished by a fine exceeding the amount made by the error. Is this not "cheating"?
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gcr

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Re: Live chat
« Reply #4392 on: July 19, 2016, 01:54:22 pm »
I think the situation should be fully investigated, and the facts drawn out before making disparaging comments or labeling someone a cheat - let sanity prevail over emotion 8)
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Snapcase

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Re: Live chat
« Reply #4393 on: July 19, 2016, 03:33:54 pm »
Agreed...there are no prizes for the Investment Challenge luckily, so we all do this for fun and appreciate what Patrick has put in behind the scenes.

These kinds of things just nag at me, like a crooked picture frame.
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jaDEB

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« Reply #4394 on: July 19, 2016, 03:36:24 pm »
Shareholders are therefore advised that MTN expects to report negative basic headline earnings per share
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jaDEB

If it scares you, it's a sign you need to do it
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