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Author Topic: The 2014 Challenge has begun!  (Read 81033 times)

Bundu

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Re: The 2014 Challenge has begun!
« Reply #30 on: January 07, 2014, 07:11:27 pm »
Quote from: gcr 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   

the problem with griffins trade, is that he knowingly did something that is not possible in real life, except for those that can buy at historic prices  ;)

I'm assuming the idea of this competition, is to mimic 'real life' - if not, I'll excuse myself
« Last Edit: January 07, 2014, 07:21:17 pm by Bundu »
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

tgg78703

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Re: The 2014 Challenge has begun!
« Reply #31 on: January 07, 2014, 07:31:21 pm »
Going to cause the end of this competition.

Nobody plays with the unsporting type, not even children.

Just restrict the competition to the top 100 companies as the other competitions do.  No manipulation and covers all the shares any investor will buy.

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Orca

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Re: The 2014 Challenge has begun!
« Reply #32 on: January 07, 2014, 07:47:50 pm »
I agree with Bundu and Tgg. Not with the gambler and wannabe cheater gcr. At this stage I have not even bothered to enter the competition and will not do so. I cannot compete against cheaters.
This is purely an INVESTING for CLIENTS in a MANAGED ACCOUNT and not TRADING. If you want to trade then go to a trading website. Leave us investors alone to do our investing.
To avoid scalping, the only way to go is to use closing or opening prices only. Same as ShareNet does. The starting gun has been fired and should be fired again to get all back to the start point.

 
« Last Edit: January 07, 2014, 07:49:34 pm by Orca »
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tgg78703

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Re: The 2014 Challenge has begun!
« Reply #33 on: January 07, 2014, 08:24:28 pm »
If I recollect correctly, the selling option idea was one of mine but that came around to enable one to realign a portfolio during the competition should circumstances
change not to trade and cheat.

Couple of examples:

I buy BTI, midyear, smokes get banned, as least I can sell and buy something else.
I buy Gold shares and the gold price goes for a loop like last year, at least I can sell and buy something else.
I buy construction and it does not perform, but the gold price goes through the roof, I can sell my construction and buy gold shares.
CML gets to high and Think it has reached its limit for the year, be able so sell and buy something with growth potential.

I don,t think it was ever meant to be a trading option, just a portfolio realign option.

Maar dan is daar altyd mense wat the dam onder se hoender se poepol uitruk.

If you can,t play the game in the spirit of things, go get your rocks off somewhere else.

Or get reported and eliminated with your ip blocked


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Bundu

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Re: The 2014 Challenge has begun!
« Reply #34 on: January 07, 2014, 08:54:24 pm »
Jeez! you are guys rough!  ;) :D Orca, I see you have 2 smites  :D   but 13 applauds, so humanity exists  :TU:

I agree mostly - trading should be allowed, or we should have two competitions - Trading and Investing - we just have to figure out the rules to prevent spoil-sports from doing things that are unsporting - closing prices are probably the safest bet, but not all that realistic, as often during the evening, things happen in the USA, that we all know will make some shares shoot up or down - if the 'buy' or 'sell' can be delayed for the time that our prices are delayed, that could work, but I'm not sure of the complexities involved  ::)

Maybe Patrick should do a poll with options that he can incorporate without too much hassle?
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

CompTester

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Re: The 2014 Challenge has begun!
« Reply #35 on: January 07, 2014, 09:50:32 pm »
Ok, just to set everyone's mind at ease, I'll have the new insider trade blocker running by market opening tomorrow. It'll be a surprise until then, but I quite like it. It's been hell to code so far, so I guess I have to send thanks for keeping the grey matter in shape  ;D

Then tomorrow qriffin is going to help me test and fine tune it, and tomorrow evening all his trades will be wiped clean. Everyone cool?

 8)
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Bundu

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Re: The 2014 Challenge has begun!
« Reply #36 on: January 07, 2014, 09:54:04 pm »
Quote from: CompTester on January 07, 2014, 09:50:32 pm
Ok, just to set everyone's mind at ease, I'll have the new insider trade blocker running by market opening tomorrow. It'll be a surprise until then, but I quite like it. It's been hell to code so far, so I guess I have to send thanks for keeping the grey matter in shape  ;D

Then tomorrow qriffin is going to help me test and fine tune it, and tomorrow evening all his trades will be wiped clean. Everyone cool?

 8)

let's see how it goes - fanks for your efforts  :TU:
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

tgg78703

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Re: The 2014 Challenge has begun!
« Reply #37 on: January 07, 2014, 09:56:15 pm »
plus a 2 shot penalty to griffin and gcr for having such unsporting thoughts :))

cool
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Bundu

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Re: The 2014 Challenge has begun!
« Reply #38 on: January 07, 2014, 10:35:32 pm »
Quote from: tgg78703 on January 07, 2014, 09:56:15 pm
plus a 2 shot penalty to griffin and gcr for having such unsporting thoughts :))

cool

loep slaap nou  :D
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Patrick

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Re: The 2014 Challenge has begun!
« Reply #39 on: January 07, 2014, 11:53:00 pm »
And it's done. Bonus points to the first person to figure out what's changed  >:D

The update will still allow trading, but discourage very short term trading, and put a complete stop to inside trading... Unless of course someone has real inside info on companies, in which case send me a pm  :LHST:
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Bundu

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Re: The 2014 Challenge has begun!
« Reply #40 on: January 07, 2014, 11:57:46 pm »
Quote from: Patrick on January 07, 2014, 11:53:00 pm
And it's done. Bonus points to the first person to figure out what's changed  >:D

The update will still allow trading, but discourage very short term trading, and put a complete stop to inside trading... Unless of course someone has real inside info on companies, in which case send me a pm  :LHST:
:TU:
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

gcr

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Re: The 2014 Challenge has begun!
« Reply #41 on: January 08, 2014, 12:38:11 am »
Quote from: Orca on January 07, 2014, 07:47:50 pm
I agree with Bundu and Tgg. Not with the gambler and wannabe cheater gcr. At this stage I have not even bothered to enter the competition and will not do so. I cannot compete against cheaters.
This is purely an INVESTING for CLIENTS in a MANAGED ACCOUNT and not TRADING. If you want to trade then go to a trading website. Leave us investors alone to do our investing.
To avoid scalping, the only way to go is to use closing or opening prices only. Same as ShareNet does. The starting gun has been fired and should be fired again to get all back to the start point.

 
Orca - you really need to watch your mouth especially after 6.30 p.m.  :-[
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Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Bundu

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Re: The 2014 Challenge has begun!
« Reply #42 on: January 08, 2014, 12:54:27 am »
Quote from: gcr on January 08, 2014, 12:38:11 am
Quote from: Orca on January 07, 2014, 07:47:50 pm
I agree with Bundu and Tgg. Not with the gambler and wannabe cheater gcr. At this stage I have not even bothered to enter the competition and will not do so. I cannot compete against cheaters.
This is purely an INVESTING for CLIENTS in a MANAGED ACCOUNT and not TRADING. If you want to trade then go to a trading website. Leave us investors alone to do our investing.
To avoid scalping, the only way to go is to use closing or opening prices only. Same as ShareNet does. The starting gun has been fired and should be fired again to get all back to the start point.

 
Orca - you really need to watch your mouth especially after 6.30 p.m.  :-[

 :D :D :D :D :D :D :D :laugh: :LHST:
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

SuperVan

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Re: The 2014 Challenge has begun!
« Reply #43 on: January 08, 2014, 04:15:29 pm »
I see Griffin is gone.
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jaDEB

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Re: The 2014 Challenge has begun!
« Reply #44 on: January 08, 2014, 04:16:11 pm »
Frikiin hell, here I was wondering if the site is closed. No body is posting, till I find you all here.

Do you want me to stop the car, do you.... , it is just a game for us to learn. It is not like you can win a bar 1 or something.

The same happended to other site, and see where is their comp. gone, nada.

Now, go back to other forum and post stuff so we can make real money.



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jaDEB

If it scares you, it's a sign you need to do it
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