Stock tipping competition - Suggestions

I've opened this thread to get your ideas.

We had this discussion before, but it is spread all over the place and if we ever want to make some improvements/changes to the comp I'd have to scan all the threads for postings and that's not exactly what I can afford doing.

I'm away for most of the time but I promise I'll read this thread every now and then and I'll discuss it with Joe. Please do understand that this is a stock market forum and the competition is a rather minor part to it. I don't think we can or want to come up with something similar to the ASX game.

If you have posted your ideas somewhere else, please post them again.

Happy trading

Stefan

Just bumping this thread in case some have missed it...

Dont forget to post your suggestions about what improvements/changes you would make to the stock tipping competition to make it better... and more importantly, more fun!

Love the current format, but it would be great if you had a running tally and could go back to see previous months results.

I don't really care if it changes or not - it's only a bit of fun as Stefan said at some point in time.

However, the only drawback with it at the moment is the rigid timeframe - start at 1st of month, finish at end of month.

How about a format where you nominate a stock, start date and end date. You are allowed to have 1 stock going at a time. $10k is put on the stock and a running total is kept.

Implementation: we want this to run itself with minimal human intervention. We have a html form where the stock/username/start/end dates are entered. When the submit butten is pressed the POST method is used and a email is sent to a free dummy email account with a prescribed format.

on another computer a daemon polls this dummy account, does username/rule/error checking etc and generates a html page with the tallied results. the only human intervention required is updating the allowed user list.

I can help with the programming the daemon, but I havent done a real lot of html.

However this would involve some effort - not a huge amount, but some effort. So we would all want to agree that it is wanted and worthwhile.

cheers,

Mark.

Have a stock pickers hall of fame. To keep track of who is winning??? also could put in who came last??? a bit of fun. Ppl will go down in history and in ten years ppl will be able to see what was popular at the time (most of my stock would of proberly folded in ten years time).

anyway something to think about.

G'day Joe/Stefan

I have a mathematical idea that may help smooth out a little the differences (in the increases) between selecting a 10c share and a $20.00 share (although not perfect).

I would be interested to know if others thought that this was relavent or not (i.e. leave the comp. as it is).

For example at the moment there are three entries with about a 25 -26% increase but in my humble opinion the increase in a more expensive share is more impressive than the same increase in the cheaper share (no offense to any one) - what do others think?

Didn't see the last comp, and don't know the rules.
I presume there is a portfolio limit where you can only spend $25k for example. Perhaps also a rule might be a maximum limit on the amount of shares in one company that one can buy, and also a limit on the number of stocks. eg, no more than $5k worth of shares in a single company, or a minimum of 3 stocks at once etc.

Also, brokerage to be $20 per trade in/out. Options, CFD's etc to be included/excluded.
Maybe even a small prize to the winner, even if it's just a subscription to a magazine.


Just a thought. The above probably has similiarities to the rules anyway.

G'day Roofus

Thanks for the input.

The present rules are simply that you select a stock and the person with the greatest percentage increase between the first day of the month and the last day of the month (inclusive) is the winner.

Reading some of the past posts this seems to be a easy to manage (for Joe), uncomplicated and fun oriented format.

I don't suggest that this is changed other than to scale the results a bit so that higher priced stocks can also be selected instead of the emphasis being on 10c and 20c stocks.
(currently there are 16 stocks less than 50c, 3 stocks less than $1 and only one over a $1).

Cheers

Think the answer is simple.

5 different catagories.

For example

<20c
20C to $1
$1 to $5
$5 to $10
$10 +

So everyone has a pick in each catagory--- 5 tables not one.
If your 1st in all 5 your score will be 5 so lowest score wins.

Not a bad idea Tech/a

Would probably mean a bit more data entry at start, 5 screens to look up plus another with summary of results.

More of a portfolio feel about it.

But does Joe want the extra work?