Author Topic: The 2014 Challenge has begun!  (Read 25627 times)

Bundu

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Re: The 2014 Challenge has begun!
« Reply #15 on: January 07, 2014, 01:24:00 pm »
and griffin sells at 11.29, price dropped on jse at 11.11.

not very sporting

very unsporting! :wtf: I can't help but wonder, if that is also the tactics he employed when buying last year..... ::)
« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

gcr

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Re: The 2014 Challenge has begun!
« Reply #16 on: January 07, 2014, 01:37:24 pm »
and griffin sells at 11.29, price dropped on jse at 11.11.

not very sporting

very unsporting! :wtf: I can't help but wonder, if that is also the tactics he employed when buying last year..... ::)
I don't believe griffin is unsporting at all - he saw a gap in the process/system/and rules and exploited it. The only way you get a robust system that caters for the majority is letting lose some mavericks to test the system and find the gaps. I get live prices on my broker system and I too watch the price being used by this system and buy in when there is a difference in price, and I will do the same when selling - its called playing the odds
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

aae

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Re: The 2014 Challenge has begun!
« Reply #17 on: January 07, 2014, 01:40:52 pm »
its called cheating or maybe insider trading ;)

Patrick

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Re: The 2014 Challenge has begun!
« Reply #18 on: January 07, 2014, 02:19:46 pm »
Bundu has a point, I need to try close loopholes, I have a plan...

Orca

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Re: The 2014 Challenge has begun!
« Reply #19 on: January 07, 2014, 04:13:47 pm »
I can also do that if I wanted to. Example is AND that dropped over 15% with one trade a few minutes ago. I set an alert on my broker site that sends me an SMS when it goes back up and immediately buy it here at the old price. Perhaps I should try it.  :TU:
I started here with nothing and still have most of it left.

Bundu

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Re: The 2014 Challenge has begun!
« Reply #20 on: January 07, 2014, 05:06:20 pm »
and griffin sells at 11.29, price dropped on jse at 11.11.

not very sporting

very unsporting! :wtf: I can't help but wonder, if that is also the tactics he employed when buying last year..... ::)
I don't believe griffin is unsporting at all - he saw a gap in the process/system/and rules and exploited it. The only way you get a robust system that caters for the majority is letting lose some mavericks to test the system and find the gaps. I get live prices on my broker system and I too watch the price being used by this system and buy in when there is a difference in price, and I will do the same when selling - its called playing the odds

well it's not like it was an extremely skillful move and I think most of us have realized this for some time - another gap is obviously when the data does not update, often on Mondays - in my book it's like using illegal performance enhancers in sport - very unsporting
« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

tgg78703

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Re: The 2014 Challenge has begun!
« Reply #21 on: January 07, 2014, 05:36:15 pm »
Maybe buying should be restricted till after the market closes and before it opens

CompTester

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Re: The 2014 Challenge has begun!
« Reply #22 on: January 07, 2014, 06:00:08 pm »
Maybe buying should be restricted till after the market closes and before it opens

Not to worry, the new update will solve that too  :)

Orca

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Re: The 2014 Challenge has begun!
« Reply #23 on: January 07, 2014, 06:18:32 pm »
Maybe buying should be restricted till after the market closes and before it opens

Not to worry, the new update will solve that too  :)

I hope you going to roll back that sneaky trade.
I started here with nothing and still have most of it left.

gcr

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Re: The 2014 Challenge has begun!
« Reply #24 on: January 07, 2014, 06:43:29 pm »
I am totally against rolling back the transaction - in the context of the competition I recommended that we split the competition into two parts those who wanted to enter the competition as investors and those who wanted to enter as traders. This recommendation was not carried and now because we want to run a single competition we want to unwind a trade where a "trader" has been opportunistic. I hold CSB (Cashbuild) in my real portfolio and towards end of day the price dropped to R 155 a move of R 5.05 from yesterday. I too could be opportunistic and buy the shares after hours and wait for it to return to yesterdays close and thus show a gain of R 5.05 and more as it got as high as R 160. At this time of the year the fund managers are all playing games having window dressed their year end results with almost all time highs - and now the reality sets in. You could also potentially make significant gains if you bought BEL (Bell); YRK (York); POY (Poynting); PSG (PSG) after hours tonight as surely these share prices will recover during the course of tomorrow. To my mind the only time a trade can be unwound is if there is a trade at the competition level but not at the market level, thus if no trade on the market then the trade can't happen in the competition.
We need to realise that the essence of this competition is to end in the number 1 slot, how it is achieved is incidental, and if there are loopholes in the competition then we need to get consensus to close those loopholes without damaging a competitors situation adversely   
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

CompTester

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Re: The 2014 Challenge has begun!
« Reply #25 on: January 07, 2014, 06:47:17 pm »
in the context of the competition I recommended that we split the competition into two parts those who wanted to enter the competition as investors and those who wanted to enter as traders. This recommendation was not carried

It may still be carried out. I could easily have 3 leader boards, one for traders (who sell at profit), one for investors, and the current one.

tgg78703

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Re: The 2014 Challenge has begun!
« Reply #26 on: January 07, 2014, 06:58:27 pm »
is this now a find the loophole and exploit competition.

Read the guidelines and stick to the spirit of the competition.

A few people  trying to exploit for gains are ruining it all and making things less enjoyable as it is supposed to be.

What satisfaction can be gotten from winning something and cheating.

Thus far the only thing that has happened is that griffin has managed to negate his win from year into a cheater won status.

so who cares if he won anymore, he is now labelled as a cheater in my books. Lance Armstrong comes to mind.

If he had a point to prove he could have used a different alias for it and the just informed Patrick.

Patrick tries something good and many people enjoy the game but then come the spoilers and fuck up everything




tgg78703

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Re: The 2014 Challenge has begun!
« Reply #27 on: January 07, 2014, 07:00:25 pm »
in the context of the competition I recommended that we split the competition into two parts those who wanted to enter the competition as investors and those who wanted to enter as traders. This recommendation was not carried

It may still be carried out. I could easily have 3 leader boards, one for traders (who sell at profit), one for investors, and the current one.

and a seperate one for those playing against the spirit of the game :D

Bundu

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Re: The 2014 Challenge has begun!
« Reply #28 on: January 07, 2014, 07:08:40 pm »
in the context of the competition I recommended that we split the competition into two parts those who wanted to enter the competition as investors and those who wanted to enter as traders. This recommendation was not carried

It may still be carried out. I could easily have 3 leader boards, one for traders (who sell at profit), one for investors, and the current one.

and a seperate one for those playing against the spirit of the game :D

kan jy nie lees jou donner?  ;) :D
« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

tgg78703

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Re: The 2014 Challenge has begun!
« Reply #29 on: January 07, 2014, 07:09:48 pm »
ja ok sorry ;D