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Upcoming rule change affecting hidden holdings.

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Patrick:
Dear members,

A number of people raised some very good points regarding the issue of hidden holdings. If we look at the numbers, 27% of members are hiding their holdings while the remaining 73% do not. It seems clear that the majority feels that the competition should be opened up.

In order to allow some leeway, the current proposed change to the system is to show holdings, but to delay the holdings by 2 weeks where the member has previously indicated they would like to hide their holdings.

If you have strong feelings about this please debate that in this thread.

Unless some very good counter arguments are received, this change will take effect on 1 June.

Thanks,

Patrick

AgentPooky:
Does that mean that we will only see the changes in percent two weeks later than normal?

Patrick:
No, the leaderboard will be live, cash on hand and net worth will also be live, but the actual shares owned will be delayed by 2 weeks (only if you have selected that option on your holdings page).

Orca:
I really can't see why one would want to hide ones stocks other than to keep people from copying them the following year. Are we not here to learn and get tips and stuff?
I for one would benefit as I use historical performance in my choice of stocks.

Patrick:

--- Quote from: Orca on May 13, 2013, 12:43:06 pm ---I really can't see why one would want to hide ones stocks other than to keep people from copying them the following year. Are we not here to learn and get tips and stuff?
I for one would benefit as I use historical performance in my choice of stocks.

--- End quote ---

It seems some didn't want to show how little they knew, while others were gambling on penny stocks. I agree though, the comp was made for learning, opening it up makes sense to me, the two week gap is for people who might want to avoid being copied.

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