General Category > The Investor Challenge
SRR missing?
rjthomas:
So when did you make this decision to exclude equities trading below R1?
brad:
--- Quote from: Patrick on January 03, 2018, 10:35:31 am ---Unfortunately they're both penny shares, there's a R1 minimum in the share price.
When we had penny shares people used to make unrealistic profits on illiquid shares, it didn't reflect what you could do in reality, which is the goal for the game.
--- End quote ---
mix telematics
conduit capital
afrocentric inv corp
are all illiquid shares [traded less than 16 times a day-Patrick's definition] yet those shares are listed in the competition.
Patrick:
--- Quote from: rjthomas on January 27, 2018, 09:27:36 pm ---So when did you make this decision to exclude equities trading below R1?
--- End quote ---
It was decided in 2014 when we enable selling. People were buying illiquid penny shares and using them to create massive profits that couldn't be replicated in the real world.
--- Quote from: brad on January 28, 2018, 12:14:56 am ---
--- Quote from: Patrick on January 03, 2018, 10:35:31 am ---Unfortunately they're both penny shares, there's a R1 minimum in the share price.
When we had penny shares people used to make unrealistic profits on illiquid shares, it didn't reflect what you could do in reality, which is the goal for the game.
--- End quote ---
mix telematics
conduit capital
afrocentric inv corp
are all illiquid shares [traded less than 16 times a day-Patrick's definition] yet those shares are listed in the competition.
--- End quote ---
Oh dear. I got a spreadsheet from a forum member with the trades per day, it's possible some slipped through. If you have updated info that would be great. The reason for the 16 per day was so that the price would change approx every half hour at least.
brad:
--- Quote from: Patrick on January 29, 2018, 11:01:57 am ---
--- Quote from: rjthomas on January 27, 2018, 09:27:36 pm ---So when did you make this decision to exclude equities trading below R1?
--- End quote ---
It was decided in 2014 when we enable selling. People were buying illiquid penny shares and using them to create massive profits that couldn't be replicated in the real world.
--- Quote from: brad on January 28, 2018, 12:14:56 am ---
--- Quote from: Patrick on January 03, 2018, 10:35:31 am ---Unfortunately they're both penny shares, there's a R1 minimum in the share price.
When we had penny shares people used to make unrealistic profits on illiquid shares, it didn't reflect what you could do in reality, which is the goal for the game.
--- End quote ---
mix telematics
conduit capital
afrocentric inv corp
are all illiquid shares [traded less than 16 times a day-Patrick's definition] yet those shares are listed in the competition.
--- End quote ---
Oh dear. I got a spreadsheet from a forum member with the trades per day, it's possible some slipped through. If you have updated info that would be great. The reason for the 16 per day was so that the price would change approx every half hour at least.
--- End quote ---
D - no.of trades per day.
sorry the attachment not going through.
Patrick:
Could you mail it to me? [email protected]
Thanks
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