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Author Topic: investor challenge  (Read 336821 times)

tgg78703

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Re: investor challenge
« Reply #30 on: May 23, 2013, 06:03:14 pm »
TCS.

Last 10 Trades of the day
Date   PDT   Price   Volume
23/05 17:00   OCP   3   0
23/05 13:13   AT   3   33,333

nut

Last 10 Trades of the day
Date   PDT   Price   Volume
23/05 17:00   OCP   2   0
23/05 09:12   AT   2   8,611

Maybe the entrant wants to prove a point. that 1c shares can do something, but is really not in the spirit of the game, so I ignore those positions when looking at the leaders
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Orca

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Re: investor challenge
« Reply #31 on: May 23, 2013, 08:30:53 pm »
The Investor Challenge
Who's the best investment club chairman around.

This is the challenge. Not the individual gamblers with their 1c portfolios that jump up 300% in a day!!! They should be deleted from this as they did not read the above when they entered. Surely they know that at these prices they would NEVER get filled or be able to sell. The guy on top now goes from No 1 to No 240 in one day.
I know you agree with me Patrick, but we must get rid of them. Problem is How?
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SaiyanZ

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Re: investor challenge
« Reply #32 on: May 23, 2013, 11:16:34 pm »
It's a game, not real life. I don't really care what happens. It's just fun to do something different and play with the system. I waited for a couple stocks to hit 1c before I bought them. Tomorrow I may be down to 200th place. No worries.

Anyways, looking at the top 20, most people have the bulk of their cash invested in one or two stocks. How can picking a stock or two make someone the best investment club chairman? It's similar to what I did but their stocks just cost more and are less volatile.
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Aragorn

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Re: investor challenge
« Reply #33 on: May 24, 2013, 08:36:42 am »
Perhaps a suggestion to our fantastic administrator for an improvement that would negate exceptional items in this penny stock issue.
When shares are bought, one cannot purchase more shares than what were actually traded for that item in the previous (or current) trading period. That would prevent someone from investing 200K is a share that only traded 20K. That should level the playing field a bit without preventing someone from actually investing in such items.
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Patrick

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Re: investor challenge
« Reply #34 on: May 24, 2013, 09:08:07 am »
At the moment all players are within the rules, but as tgg said earlier, it's not really within the spirit of the game.

Edit: Lets give it a little time. From next month the profiles will be open, so we can see who invested well and who is misusing the system. In any case, there's likely to be a fall from the top as quick as the rise to get there.

For next year there will have to be a filter to stop people from buying shares they generally could not, I'm still looking for a decent way to get those numbers. Is there a list somewhere of total monthly volume?
« Last Edit: May 24, 2013, 09:28:25 am by Patrick »
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gcr

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Re: investor challenge
« Reply #35 on: May 24, 2013, 09:46:28 am »
Maybe a simpler change to the rules going forward is that no more than 15% of ones portfolio may consist of penny stocks. We just need to be aware that by imposing too many rules, it has the potential to chase away entrants. This competition is all about "investor challenge" so sinking all your annual investments into penny stocks is not something a sane investor would do, and especially if it was their pension money. Would I "invest" 15% of my real portfolio into penny stocks or high risk stocks - not on your life, currently my portfolio has 1% in real high risk shares like Alert Steel and Poynting - but I will use them (if they stay where they are) next tax year to reduce CGT.
I would suggest that Patrick gets submissions from entrants as to rule changes required by entrants and that theses are consolidated and placed on this forum for debate and those that are carried are incorporated in the rules from 2014 onwards 8)
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Orca

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Re: investor challenge
« Reply #36 on: May 24, 2013, 11:18:06 am »
Sharenet has a list of liquid stocks in their challenge. Hint.
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tgg78703

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Re: investor challenge
« Reply #37 on: May 24, 2013, 03:37:16 pm »
The exploitation of the penny stocks is caused because the programme allows one to buy shares at the last traded price and not the available sellers price.

In the game I can buy a share for 1c if that was the last traded , but on the JSe the share will cost me 3c as that is what the sellers offer price is.

One example is slo, last traded 39, sellers 38 buyers 21.

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Shi

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Re: investor challenge
« Reply #38 on: May 29, 2013, 12:48:24 pm »
Already got a short list of what I want to buy next week when the next 100K becomes available. Hopefully they stay where they are for a little while longer.
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Orca

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Re: investor challenge
« Reply #39 on: May 29, 2013, 01:10:24 pm »
MTA has woken up from her slumber so watch out Patrick. Here I come.
Oh dear. Down goes my CML.
« Last Edit: May 29, 2013, 02:01:05 pm by Orca »
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Orca

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Re: investor challenge
« Reply #40 on: May 29, 2013, 06:19:50 pm »
What a run. Tired now. Only Patrick in front of me. He is my benchmark to beat. I hate loosing.
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Patrick

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Re: investor challenge
« Reply #41 on: May 29, 2013, 09:20:41 pm »
Quote from: Orca on May 29, 2013, 06:19:50 pm
What a run. Tired now. Only Patrick in front of me. He is my benchmark to beat. I hate loosing.

Finally some competition! Saturday is payday, are you buying more of the same or are you going to venture out of the tri-partite alliance  ;D
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gcr

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Re: investor challenge
« Reply #42 on: May 30, 2013, 03:35:10 pm »
Last I looked there were 299 competitors - not bad for a new competition - well done Patrick 8)
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Orca

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Re: investor challenge
« Reply #43 on: May 30, 2013, 06:12:36 pm »
Quote from: Patrick on May 29, 2013, 09:20:41 pm
Quote from: Orca on May 29, 2013, 06:19:50 pm
What a run. Tired now. Only Patrick in front of me. He is my benchmark to beat. I hate loosing.

Finally some competition! Saturday is payday, are you buying more of the same or are you going to venture out of the tri-partite alliance  ;D

Same again. I know these stocks too well to diversify.
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Patrick

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Re: investor challenge
« Reply #44 on: May 31, 2013, 02:23:42 am »
Quote from: gcr on May 30, 2013, 03:35:10 pm
Last I looked there were 299 competitors - not bad for a new competition - well done Patrick 8)
300 up :TU:
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