December 2019 Stock Competition Entries!

[Joe Blow]

Good morning everyone and welcome to the December 2019 stock tipping competition!

This month's competition is proudly sponsored by FP Markets.

FP Markets is an Australian owned and ASIC regulated broker with over 12 years experience and 35 industry awards including Highest Overall Client Satisfaction 5 years running. They facilitate trading in equities, indices, commodities, futures, Forex and Bitcoin via their MetaTrader4 platform.

FP Markets offer 10,000+ equities, indices and commodities across all major international markets. All equity CFDs are DMA priced and 100% hedged. FP Markets are not a market maker so their interests are aligned with that of their clients. You can go long on everything listed on the ASX and international markets and they have the widest short offering of any Australian broker.

This month there was only one entrant who forgot to post in the thread of their stock tip in accordance with the competition rules: @fateh; who I will give another 24 hours to post in the thread of their competition entry. If they choose to do so then I will add them to the December competition.

Could all qualifying entrants please check their entry and entry price and report any errors to me in this thread.

Keep track of the results here: ASF Stock Competition Leaderboard

Feel free to discuss the competition in this thread as the month progresses.

 

[BlindSquirrel]

Me on the VMT Thread when making the pick: "Hopefully if there is a pull back then it happens today/tomorrow, leaving the SP to tick up next month!"

Me checking in on the first trading day of Dec:

Sonuva...

 

[Knobby22]

I've got a bid on Z1p, hoping it drops down near SPP price.

 

[frugal.rock]

Someone had ZIP not Z1P
Ziptel.
Seems to have been overlooked...?
Noticed it missing as it gets the wooden spoon prize for today... -23% Puts me third last, not second last.

It had a pretty good run earlier in the year, I am guessing from a purely symbiotic dependency on Zip Pay and monkeys with investor badges.
F.Rock

 

[Joe Blow]

Someone had ZIP not Z1P
Ziptel.
Seems to have been overlooked...?

Both Z1P and ZIP were chosen but the entrant who selected ZIP has not yet posted in the ZIP thread as per the competition rules and so has not yet been added to the competition.

 

[frugal.rock]

Very thorough, thanks for the explanation.
However, that puts me second last again...
That reminds me, is there a 2020 tipping comp/ thread yet?
Cheers
F.Rock
PS; Thanks for your time and efforts on the forum. Much appreciated.
Merry Christmas and a Happy new year to you and yours.

 

[aus_trader]

I've got a bid on Z1p, hoping it drops down near SPP price.

Looks like it's just about there...

 

[Knobby22]

Looks like it's just about there...

Got them.
Happy to see them turn around now and Zaxon winning.

 

[frugal.rock]

Got them.
Happy to see them turn around now and Zaxon winning.

Me too!
However, with the current SPP status, December is looking like an 'off' month.
From their recent climb from around the 3.30 mark, I watched it go up and up for no apparent reason apart from a general upward trend to get to around 5.50.
I wasn't interested at anything above 4.00 as my 'system' showed a retrace to 3.50ish was highly probable, and anything down to 3.20 was probable. I ignored my system, (impulsive jackass I am sometimes).
I bought in again around 4.20 because it seemed like the fashionable thing to do at the time.
So, I still hope you win Zaxon, but, well, current situation suggests otherwise. Which way will the wind blow early next year?
Cheers.
F.Rock

 

[aus_trader]

Which way will the wind blow early next year?

As a previous holder of Z1P, I have the same question on my mind and will be watching closely.

Wishing luck to Zax on this competition. I also have it in the CY19' yearly competition, so a Santa rally would be happily received.

 

[debtfree]

1st week done, everyone's visual journey so far this month compare to one another.

 

[aus_trader]

After a shaky start to the month, looks like here comes the Santa rally, which might be good for consumer goods and retail stocks...

 

[frugal.rock]

I think there should be a Wooden Spoon award... haha.
All I can say is, thank goodness it's a little easier timing trades compared to the competition entry and exit!

 

[aus_trader]

I think there should be a Wooden Spoon award... haha.
All I can say is, thank goodness it's a little easier timing trades compared to the competition entry and exit!

Yeah that could be a another competition of it's own as to who can short a stock for the greatest gains (fall of the stock).

 

[Cam019]

Yeah that could be a another competition of it's own as to who can short a stock for the greatest gains (fall of the stock).

Or going forward into the new year, the monthly tipping competition could allow short positions. Same rules would obviously apply... state whether you are long or short for the month, have a reasoning (technical or fundamental) behind why the price is going to rise or fall over the next month and post in the stock specific thread. Top three % movers (long or short) would still be the winners for the month. You might see the perma-bears come out of the woodwork and have a few more entries each month. Just a thought. @Joe Blow?

 

[Joe Blow]

Or going forward into the new year, the monthly tipping competition could allow short positions. Same rules would obviously apply... state whether you are long or short for the month, have a reasoning (technical or fundamental) behind why the price is going to rise or fall over the next month and post in the stock specific thread. Top three % movers (long or short) would still be the winners for the month. You might see the perma-bears come out of the woodwork and have a few more entries each month. Just a thought. @Joe Blow?

The problem with allowing short positions is that they would be hard to track. The script that displays the competition page displays the entrants from top to bottom with the current leader the entrant with the highest percentage gain. The current last placegetter is the entrant with the highest percentage loss. It's a simple script that performs a relatively simple function.

It seems as though re-writing that script to allow for short positions would be quite a complicated endeavour and I'm not sure it's something that can be achieved by the end of this year.

 

[Cam019]

The problem with allowing short positions is that they would be hard to track. The script that displays the competition page displays the entrants from top to bottom with the current leader the entrant with the highest percentage gain. The current last placegetter is the entrant with the highest percentage loss. It's a simple script that performs a relatively simple function.

It seems as though re-writing that script to allow for short positions would be quite a complicated endeavour and I'm not sure it's something that can be achieved by the end of this year.

All good, Joe. It was just a random thought.

 

[Joe Blow]

All good, Joe. It was just a random thought.

Something for a big further down the track perhaps, once ASF can demonstrate a little growth and get some more $$$ in the kitty.

 

[aus_trader]

Something for a big further down the track perhaps, once ASF can demonstrate a little growth and get some more $$$ in the kitty.

Also there is the unfair advantage the bulls have over bears that a stock could go multiple 100's of % to the upside but on the downside the maximum it can lose is 100% if the stock goes to zero.

 

[debtfree]

2nd Week done! Everyone's journey compared to each other so far this month. As usual with these monthly comps there is plenty of volatility with lots of the entries.