Author Topic: Meaning of greyed out names - Leaderboard ?  (Read 11997 times)

Moonraker

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Meaning of greyed out names - Leaderboard ?
« on: May 07, 2013, 03:21:24 pm »
Why are they greyed out and not linked ? Spamsters ?

Patrick

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #1 on: May 07, 2013, 03:24:50 pm »
They've decided to hide their holdings. Check at the bottom of the holding page, the option is there. I imagine you're asking because of the new leader. He got lucky with a penny share!

A couple of people suggested the hiding option should be taken away, obviously those in hiding will disagree. I won't change it this year, but haven't decided on next year. Thoughts?

shanew07

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #2 on: May 07, 2013, 04:14:29 pm »
Is it necessary for a fictional game. Part of the fun is knowing what other guys invested in and how well their shares are doing compared to yours.

jaDEB

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #3 on: May 07, 2013, 04:20:39 pm »
I think it should not be hidden, that defeats the object of the game.
jaDEB

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tgg78703

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #4 on: May 08, 2013, 07:09:18 am »
a penny share that hardly trades?

jaDEB

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #5 on: May 08, 2013, 09:43:46 am »
What concerns me more is that porno_ster is 48th and I am only 223rd . Thus he/she has a better job than me, and they are better at investing.... :'( :'( :'( :'( :'(
jaDEB

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Patrick

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #6 on: May 08, 2013, 10:12:31 am »
a penny share that hardly trades?

A very strange trade was taken. The share was on 2c, and someone bought 5000 shares at 3c. Why on earth would anyone spend R150 on a penny share when the fees would be just about as much. I can't imagine someone would do that just to get to the top of the leaderboard, but you never know I guess, maybe they have some money riding on a personal challenge...

Thoughts on how to deal with cases like this?

gcr

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #7 on: May 08, 2013, 10:27:08 am »
I don't think we should be too concerned about aberrations such as these - this competition runs for another 6 1/2 months and I can't see the share maintaining this level through to end December. Also the person who picked these shares has a quandary in future months as they will get 100,000 per month going forward, will they invest in the same counter at the higher price or sit in cash - if they buy in at the higher price they could take a large smack when the price returns to 2 cents. This person is playing in the penny stock realms and as such may well experience the real worth of investing in some of those categories as penny stocks. The important thing is that this is a competition and it is to test your ability to invest over an extended period, penny stocks don't give you that, so we should just sit back and watch how the speculators do manage i this competition. There is no need to change the rules for the competition as they stand at present (though I am still of the opinion that one should be permitted to sell out of one counter either fully or partially once a quarter - called taking profits off the table)   
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Shi

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #8 on: May 08, 2013, 10:59:06 am »
I fully agree with GrahamCr about the penny shares in the competition. It is high risk and most of the time you get burned.

RexxGrim

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #9 on: May 08, 2013, 11:31:06 am »
I also think the hide shares should be removed for next year.  It's nice to see what other guys are doing and in this process you learn much more.

I understand that guys who's got a winner want's to keep it secret to avoid being copied.  Maybe a time delay would be better.  Keep the company details of recent purchases hidden for say a month and then it becomes visable to other members.  Gives you the chance to get the benefit before other people can react on your find.


tgg78703

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #10 on: May 08, 2013, 12:12:02 pm »
a penny share that hardly trades?

A very strange trade was taken. The share was on 2c, and someone bought 5000 shares at 3c. Why on earth would anyone spend R150 on a penny share when the fees would be just about as much. I can't imagine someone would do that just to get to the top of the leaderboard, but you never know I guess, maybe they have some money riding on a personal challenge...

Thoughts on how to deal with cases like this?

Close out value of shares at end should be what the last buyer is prepared to pay and not last sale
that will bring the value of tcs down to 1c a share and not 3 cents. There is usually a big value diff between buy and sell in penny shares or less traded shares.  I bought the 5000 shares for fun, will sometime sell them for 1c  ;D

Patrick

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #11 on: May 08, 2013, 12:46:36 pm »
Close out value of shares at end should be what the last buyer is prepared to pay and not last sale

Any idea where I would get that info on a public website?

gcr

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #12 on: May 08, 2013, 12:55:38 pm »
I don't think the last bid price is realistic either - you only have to look at the daily auction to see large price differences, and bidders/sellers can depress end of day prices and it would require considerable monitoring to determine last bid price just before auction. Also prices at last day of December will be higher than normal due to window dressing by Fund Managers so lets go along for the ride
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

tgg78703

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #13 on: May 08, 2013, 01:07:25 pm »
http://www.sharenet.co.za/v3/quickshare.php?scode=TCS

tcs has buyers at 1c and sellers at 3c, So realistically the share has a value of 1c and not 3c at which the last trade took place.


gcr

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Re: Meaning of greyed out names - Leaderboard ?
« Reply #14 on: May 08, 2013, 03:18:27 pm »
tgg78703 - if you were a seller of tcs you would argue that the real value of the company is 3 cents. Last week there were buyers for Alert Steel at something like 14 cents and sellers in the 60 and 70 cent range - what was/is the real value of Alert. Both are speculative shares so one will often get wide bids/offers prices and that the fund of have some spec shares in ones portfolio (real portfolio not this competition portfolio) that if your punt does come off you can make significant amounts of money, but you need to limit such spec shares - I limit my spec shares to 3 to 4% of total portfolio
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein