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Messages - Patrick

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7951
The Investor Challenge / Re: New feature requests go here
« on: April 25, 2013, 01:18:11 pm »
At the moment no, but next year, who knows. I'll take some running feedback as we go along, maybe even do some votes on the site.

7952
The Investor Challenge / Re: The challenge has begun
« on: April 24, 2013, 06:12:04 pm »
Jadeb, I've heard rumours that your screen stopped working again  ;D

7953
The Investor Challenge / 100 people now competing in the challenge!
« on: April 24, 2013, 02:44:54 pm »
 We've just had the 100th person start trading in the challenge  8)

Not too bad I think! There are another 50 or so who are sitting on their money, either not keen or picking an entry point.

7954
The Investor Challenge / Re: investor challenge
« on: April 24, 2013, 12:34:10 pm »
My view is that this is an "investor" challenge, and I for one treat it like that. As the dude in charge of the investment club I'm trying to simulate what I would've done if I were to invest R400k worth of our money.
OP does have a valid point though, sure his club member would be ecstatic over that return, but less of they lost 80% odd on the day.

I know I will never win this competition as one of the guys with all their money in a single equity is bound to get it right, I use this as a measure against myself and the ALSI to see my performance.


Just to quickly derail here....
Why not clone this competition and make a trading simulation! I not sure how much work that would entail, but I'm pretty sure you going to create huge traffic and maybe really earn some moola here for all the hard work you have put in.

Cool, going to try it out!

Sanlam used to have a similar challenge like this. You only had a once off amount to start with, lets say R100 000, and the winner is the person with the most value at the end date. Some trading were allowed, but IIRC you could only sell if you sell ALL of a certain share, and you could only buy more of a certain share, if you first sell them all. Kind of like a treating your investments as seperate batches. I would say that allowing at least an all sell of certain share would make sense, because if you made a bad investment in a share that continues to drop in price, the natural option would be to sell it to minimise your losses.

How would the tax man see that sale? Would that on it's own be enough to class you as a trader?

Maybe next year I'll run a trading contest, either in parallel or integrated with this one. Allow sales, but have two leaderboards, one for the investors, and one for traders. It might be interesting to see how they compare.

7955
Shares / Re: DRD
« on: April 24, 2013, 11:58:19 am »
JaDEB, the search bar on the top of this site searches both this forum, and the old sharechat. Give it a try. I'm sure this is the thread between you and Theaphelion is the one you're looking for:
http://www.sharechat.co.za/index.php/t/13256/


7956
The Investor Challenge / Re: investor challenge
« on: April 24, 2013, 08:41:53 am »
Thoughts from the rest?

How often would you be able to do this?

7957
Off topic / MOVED: investor challenge
« on: April 24, 2013, 08:38:41 am »

7958
Shares / Re: CML
« on: April 23, 2013, 04:12:16 pm »
You do know the stock well. I'm watching it closely as I have a small chunk of change due in mid-july. CML is one of the shares I'd consider. The other two, as in my challenge profile are SAB and Aspen. I may just split it evenly between the 3 rather than the 50% CML 25% the others as I did with this months challenge allocation.

My thinking is, even if CML is fully valued, I doubt it'll be a loser over a 3 year period.

7959
The Investor Challenge / New feature requests go here
« on: April 23, 2013, 04:06:40 pm »
Aragon had a great idea on adding the purchase price of the shares and the % growth on the holdings pages which have been done. If anyone has some more ideas please let me know.

Obviously there's a cost-benefit to everything, so don't be too upset if it doesn't happen, but if it's a good idea I'll do my best.

7960
The Investor Challenge / Re: The challenge has begun
« on: April 23, 2013, 11:27:59 am »
jaDEB, now my screen's gone blank, what is your ranking again?  ;D

7961
Shares / Re: So what are people buying
« on: April 23, 2013, 10:52:11 am »
what is the % change for each company since start of comp

Wish I could tell you, but I don't record the price movements, just the price at purchase (which could be different for every user) and the current price. I thought since there are so many websites with price history I could just get that data there.

For example, here's CML's history since the comp started testing last monday, if you want something else, just edit the share code: http://markets.ft.com/research//Tearsheets/PriceHistoryPopup?symbol=CML:JNB

Day   Date   Open   High   Low   Close   Volume
Tuesday   April 23   5,085   5,085   5,040   5,050   135,734
Monday   April 22   5,100   5,139   5,005   5,068   916,397
Friday   April 19   5,139   5,144   5,057   5,100   2,306,122
Thursday   April 18   4,996   5,131   4,900   5,075   572,130
Wednesday   April 17   5,090   5,090   4,960   5,013   515,068
Tuesday   April 16   5,100   5,140   5,061   5,089   1,231,958
Monday   April 15   5,061   5,159   4,978   5,105   1,196,708

7962
Shares / So what are people buying
« on: April 23, 2013, 10:14:03 am »
One of the cool things about running that competition is that I can do some data mining. Call me a geek, but I love data. The first interesting piece I thought I'd look into, is what are people putting their money into. So here's the list of the top30 shares, and how much money was sent their way. Looks like Orca has been promoting CML quite well :)

Obviously we're working with a small set here,  with 42 participants, there's a total of just under R17m that people could have spent.

CML    1085017.6000
SAB    851485.4400
SGL    820938.5400
MTN    590895.8000
APN    588954.7500
PNC    508734.8000
OML    439934.4000
CPI    428710.0000
BIL    409717.6800
ACT    345937.5000
LON    345760.2000
AVI    317433.6000
AGL    307071.0000
MTA    286474.5400
KIO    278594.4000
NED    266349.6000
SOL    228303.9000
CFR    226580.9000
HAR    221250.0000
WHL    220425.9400
DSY    216742.8000
KAP    205800.0000
ELI    203100.1600
STXDIV    175745.4400
NPN    170522.9000
JDG    168000.0000
ABL    166091.8000
OCE    165025.0000
MDI    162400.0000
OLG    159874.0000

7963
Thanks Graham. I like the idea of avoiding speculation, but it'd be a ton of work. Like literally a ton! The R100k figure has been hardcoded all over the show, from pages, to my cron jobs etc.

I'll look into hat happens after December when we get closer to the time. Most likely we'll record the winners on the 31st dec and then start again.

Cheers.

7964
The Investor Challenge / Re: The challenge has begun
« on: April 22, 2013, 03:11:33 pm »
At the moment it's only the holdings page that charges up the account the very first time. I'll put a message on the purchase page to tell new users to first click on the my holdings page.

7965
Good point, it's fixed, credited the amount back to you. I don't have a list I can scan though, so if anyone knows of other shares to remove from the list please let me know.

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