Share Forum - Discuss JSE shares and join the Investor Challenge

tgg, you have no time limit, you have a whisky limit 

I agree with the rules thing and would suggest that the basic rule should be "don't do or try to do anything you can't do on the JSE", which would include time-jumping 

I see Griffin is gone.

seems like his portfolio has been rolled back to R100k - if so, it's just fair

not sure what data you have available, but a possibility would be to take the average volume per day over say the past six months and only allow shares that traded on average more than say R100k per day

Quote from: Orca on January 07, 2014, 07:47:50 pm

I agree with Bundu and Tgg. Not with the gambler and wannabe cheater gcr. At this stage I have not even bothered to enter the competition and will not do so. I cannot compete against cheaters.
This is purely an INVESTING for CLIENTS in a MANAGED ACCOUNT and not TRADING. If you want to trade then go to a trading website. Leave us investors alone to do our investing.
To avoid scalping, the only way to go is to use closing or opening prices only. Same as ShareNet does. The starting gun has been fired and should be fired again to get all back to the start point.

 

Orca - you really need to watch your mouth especially after 6.30 p.m. 

  :laugh:

plus a 2 shot penalty to griffin and gcr for having such unsporting thoughts

cool

loep slaap nou 

Jeez! you are guys rough!  Orca, I see you have 2 smites     but 13 applauds, so humanity exists 

I agree mostly - trading should be allowed, or we should have two competitions - Trading and Investing - we just have to figure out the rules to prevent spoil-sports from doing things that are unsporting - closing prices are probably the safest bet, but not all that realistic, as often during the evening, things happen in the USA, that we all know will make some shares shoot up or down - if the 'buy' or 'sell' can be delayed for the time that our prices are delayed, that could work, but I'm not sure of the complexities involved 

Maybe Patrick should do a poll with options that he can incorporate without too much hassle?

I am totally against rolling back the transaction - in the context of the competition I recommended that we split the competition into two parts those who wanted to enter the competition as investors and those who wanted to enter as traders. This recommendation was not carried and now because we want to run a single competition we want to unwind a trade where a "trader" has been opportunistic. I hold CSB (Cashbuild) in my real portfolio and towards end of day the price dropped to R 155 a move of R 5.05 from yesterday. I too could be opportunistic and buy the shares after hours and wait for it to return to yesterdays close and thus show a gain of R 5.05 and more as it got as high as R 160. At this time of the year the fund managers are all playing games having window dressed their year end results with almost all time highs - and now the reality sets in. You could also potentially make significant gains if you bought BEL (Bell); YRK (York); POY (Poynting); PSG (PSG) after hours tonight as surely these share prices will recover during the course of tomorrow. To my mind the only time a trade can be unwound is if there is a trade at the competition level but not at the market level, thus if no trade on the market then the trade can't happen in the competition.
We need to realise that the essence of this competition is to end in the number 1 slot, how it is achieved is incidental, and if there are loopholes in the competition then we need to get consensus to close those loopholes without damaging a competitors situation adversely   

the problem with griffins trade, is that he knowingly did something that is not possible in real life, except for those that can buy at historic prices 

I'm assuming the idea of this competition, is to mimic 'real life' - if not, I'll excuse myself

Quote from: Bundu on January 07, 2014, 01:24:00 pm

Quote from: aae on January 07, 2014, 12:55:32 pm

and griffin sells at 11.29, price dropped on jse at 11.11.

not very sporting

very unsporting! I can't help but wonder, if that is also the tactics he employed when buying last year.....

I don't believe griffin is unsporting at all - he saw a gap in the process/system/and rules and exploited it. The only way you get a robust system that caters for the majority is letting lose some mavericks to test the system and find the gaps. I get live prices on my broker system and I too watch the price being used by this system and buy in when there is a difference in price, and I will do the same when selling - its called playing the odds

well it's not like it was an extremely skillful move and I think most of us have realized this for some time - another gap is obviously when the data does not update, often on Mondays - in my book it's like using illegal performance enhancers in sport - very unsporting