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Author Topic: The 2014 Challenge has begun!  (Read 81040 times)

Patrick

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The 2014 Challenge has begun!
« on: January 06, 2014, 08:39:42 am »
Go forth and multiply... earnings!
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Moneypenny

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Re: The 2014 Challenge has begun!
« Reply #1 on: January 06, 2014, 09:28:15 am »
Aye aye Captain.  ;D
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Orca

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Re: The 2014 Challenge has begun!
« Reply #2 on: January 06, 2014, 04:10:39 pm »
Shoot. Missed my chance to get in today. The stock I wanted to buy shot up too quickly and now at 4%.  :wall:
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Orca

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Re: The 2014 Challenge has begun!
« Reply #3 on: January 06, 2014, 05:06:53 pm »
 :wtf: How could Griffin have bought OAO at 135 when it was trading at 165 at 16.17.44? It was at 135 just after 09.30 this morning.
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Patrick

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Re: The 2014 Challenge has begun!
« Reply #4 on: January 06, 2014, 05:10:20 pm »
Quote from: Orca on January 06, 2014, 05:06:53 pm
:wtf: How could Griffin have bought OAO at 135 when it was trading at 165 at 16.17.44? It was at 135 just after 09.30 this morning.

Not sure, qriffin?
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aae

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Re: The 2014 Challenge has begun!
« Reply #5 on: January 06, 2014, 05:11:27 pm »
it went to 170 at 16h13 and the games prices are 15 minutes delayed, so he has real time pricing, saw the move and bought the shares while the games prices were still delayed ;)

http://www.sharenet.co.za/v3/quickshare.php?scode=OAO
« Last Edit: January 06, 2014, 05:14:18 pm by aae »
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Orca

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Re: The 2014 Challenge has begun!
« Reply #6 on: January 06, 2014, 05:32:49 pm »
Here are the trades.
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tgg78703

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Re: The 2014 Challenge has begun!
« Reply #7 on: January 06, 2014, 05:54:20 pm »
the 13.50 trades were simultanous, so the lowest prices was registered as last trade price on the jse pricing info
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Orca

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Re: The 2014 Challenge has begun!
« Reply #8 on: January 06, 2014, 06:31:38 pm »
Opportunistic but what can we do? Will have to live with this.
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tgg78703

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Re: The 2014 Challenge has begun!
« Reply #9 on: January 06, 2014, 06:59:00 pm »
Looking into the share, there seems to be no reason, with their daily trade history and such taken into account.

so presume there could be rumours or a bit of manipulation in progress again.

There are guys out there that do trading for a living.

One of the reasons this game should be limited to the top 200 on capitalization.

There could be gems out there that are going to shoot the moon out, but lets be realistic.

split the game, investors challenge, gambler challenge, less in the spirit of the game players O:-)
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tgg78703

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Re: The 2014 Challenge has begun!
« Reply #10 on: January 06, 2014, 07:11:05 pm »
being able to play the game delayed and know real time pricing has but a different dimension on the sell feature.

Some stocks do weird things during a day
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Patrick

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Re: The 2014 Challenge has begun!
« Reply #11 on: January 07, 2014, 07:26:30 am »
Quote from: tgg78703 on January 06, 2014, 07:11:05 pm
being able to play the game delayed and know real time pricing has but a different dimension on the sell feature.

Very true. That was a concern of mine about selling in the first place. The trick now is to try limit it. I'd like the game to be as close to reality as possible, after all, it was planned to be a learning environment. Here are some options:
-Have a limit on buying for 30 minutes after a sale (let the system catch up on any price weirdness), and likewise a limit on selling 30 minutes after a buy.
-Have a review system, let moderators review a trade and if it's not realistic to roll it back.
-Have a public review system, record appeals and make 3 appeals an auto rollback.

Just some thoughts, any more from the users?
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gcr

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Re: The 2014 Challenge has begun!
« Reply #12 on: January 07, 2014, 09:25:37 am »
The moment the administrators allowed "selling on demand" was the moment the competition was opened to traders, who would hunt down low volume but high volatility shares. If you apply real life principles then you can't buy shares after the daily auction, you can only buy the following day at your elected price (if the counter gets to your price reserve). Again I advocate that selling should only be allowed once per quarter (maybe keep to calendar quarters to start with), and if anyone sells outside of these conditions the trade is reversed. Also the tax on sale should be removed from the capital amount that the competitor has to invest - maybe deduct tax at CGT rates of say 13% and that will also make competitors think twice about selling part of their portfolios
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SuperVan

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Re: The 2014 Challenge has begun!
« Reply #13 on: January 07, 2014, 11:37:14 am »
Patrick,

Just a thought, would it be able to have a transaction cost line in each portfolio? i think it would be interesting to see the amount spent by a trader, especially when they are doing badly.

thanks
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aae

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Re: The 2014 Challenge has begun!
« Reply #14 on: January 07, 2014, 12:55:32 pm »
and griffin sells at 11.29, price dropped on jse at 11.11.

not very sporting
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