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at least leave the alt x shares out of the game

Manipulation is possible.

Selco has buyers at 17 and sellers at 44.
Bid   17
Bid volume   154880
Offer   44
Offer volume   8444
All trading data is 15 minutes delayed

So I go to the jse and buy a few selco at 44 and them offer them for sale at 18.

I then join the game and Buy 2.7m selco at 18, as quoted on the jse.

I go back to the jse and buy my few selco at 18 and a few at the next offer which is 44.

Back at the game my R500 000 becomes R1.22m , 244% growth. But in reality I can only sell 154880 of them at 17c

http://www.jse.co.za/How-To-List/AltX/AltX_Listed_companies.aspx

I think this is them

Ok let's look at the first issue, hiding your holdings. Since it seems that practically everyone wants everything visible I suggest the following. Instead of allowing the holdings to be hidden, we allow members to put a delay on the holdings, so you can only see what they've bought a week or two (is that long enough) later.

Now as this would be a rule change mid-competition, something I don't really like, we handle it democratically. I'll start a vote next week, and put a notice in the monthly deposit email asking members to vote. Then we give it until mid June to give everyone a chance to vote. As it's a change, we'll deal with it like a constitution change. Ie we need a two-thirds majority to change the rule.

Does that work for most?

On the penny share issue I'll let the debate continue for a while since feelings still appear mixed.

I think liquidity is a greater problem than penny stocks (although they are often the same stock)


edit: Alternatively, we could value a portfolio using the price of the highest buyer - that would knock some portfolios down to size - and in reality, that is what a portfolios value truly is at any moment

I don,t think a vote is needed about keeping a portfolio private, just add up the private vs non private portfolios and the majority wins.

This is after all just a game, it is not that there is money to be won. It is about broadening your horizons and helping each other gain more insight into investing.

So how is a private portfolio going to help

I agree +1

see that sll had a 50 % gain today on a trade of 1500 shares, wtf who buys for R45 plus costs on the jse. That trade must be related to a game or drunken bet somewhere. that trade at 3c cost about 9c a share.

That share has not traded near those levels since about 2009, when it was 20c. So someone is going to wait a bit to recoup or double R45

Let's have the vote for private or non-private. I believe that all portfolio's should be visible - it is afterall just a game. And to insinuate that someone does not want another to see their portfolio is a bit pie in the sky, as you only really want to check on some of the top guys as to "how did they get that right" or 'what did they buy to give them a boost". You can't then go and replicate their portfolio as it will be too late in the game - the profit has already been made.

Regarding Penny shares - I agree with a number of the posts here, but we can't have it both ways. There are many solutions to solve the issues listed, and we can't have them all. One example - We need to consider if we should limit the trades to only liquid shares or do we continue with all shares. If we decide on only liquid shares, Patrick will have an admin nightmare in trying to maintain a list of liquid shares. What if a liquid share becomes illiquid? how do we treat those who had already purchased it - do we now refuse them the option to add more of this share to their portfolio - do we dump them for cash at last price? Where do you draw the actual line between liquid and illiquid? Who will monitor this? The will then be endless debates on those "marginal" items - are they liquid or illiquid. If we stay as we are with all shares, we then live with the consequences of "lucky punts".

I do believe that the competion may require additional refinement to make it more realistic, but as long as we are all playing on the same field with the same rules, then all things are equal.