December Stock Tipping Competition Entry Thread!

[Joe Blow]

A brief recap of the rules:

1. You MUST have at least a minimum of 10 posts AND an average of at least 0.3 posts per day to enter. You can see your posts per day average by viewing your public profile... it's displayed right next to your 'total posts'.

2. Each entrant may choose one ASX listed stock.

3. The winner is the person whose selected stock performs the best in percentage terms between December 1 and December 30.

He/She will receive a years subscription to their choice of either Shares or Personal Investor magazine (or $50 cash). The second placegetter will receive the runner up prize of $25 cash.

You have until midnight on November 30 to enter. Those who qualify, please post your entries in this thread. Once selected, you CANNOT change your stock.

GOOD LUCK!

P.S. I am beginning to wonder if the competition should have a minimum stock price (maybe 5 or 10 cents) to make things a little more fair for those choosing stocks with a higher dollar value. Anyway, let me know what you think!

 

[still_in_school]

Re: Official December Stock Tipping Competition Entry Thread!

A brief recap of the rules:

P.S. I am beginning to wonder if the competition should have a minimum stock price (maybe 5 or 10 cents) to make things a little more fair for those choosing stocks with a higher dollar value. Anyway, let me know what you think!

Hi Joe,

IMHO, i have no problems with the penny stocks, personally i find it a great way to compare penny hopefuls against blue chip stocks, but it shows you, a comparable results/returns they have...

...though, if were looking at the overall return of the stocks picked, the results are showing 50% of the stocks picked are in the green, while the other 50% are in the red... (maybe instead of setting a minimal limit, but reasons and backing, why you picked this, for the tipping..)

Cheers,
sis

 

[tech/a]

Re: Official December Stock Tipping Competition Entry Thread!

P.S. I am beginning to wonder if the competition should have a minimum stock price (maybe 5 or 10 cents) to make things a little more fair for those choosing stocks with a higher dollar value. Anyway, let me know what you think!

Joe.
Read my mind logged on to point this out and your on top of it.

1 tick moves can = 10%.
Where as in a $10 stock = 1%

Reckon if you made it the average of 2 or 3 stock choices this removes the chance punt that takes off and introduces some skill in ability to choose consistantly

As a suggestion.
1 at 5c to 50c
1 at 50c to $5
1 at over $5


Those that do their numbers ofcourse would choose a 5c,50c and $5 stock hahaha.

Just an idea to hopefully introduce some skill.

tech

 

[tarnor]

Re: Official December Stock Tipping Competition Entry Thread!

i think its fine the way it is, if people were winning by one tick maybe it would be a consideration but that is not the case......

 

[tech/a]

Re: Official December Stock Tipping Competition Entry Thread!

Tarnor

Your missing the point.

Its judged by % of movement.
A move of 1 tick in a 1c stock is equivilant to 10%
the same move in a 10$ stock is 1% so you need 10X the move in a $10 stock to be on par with those choosing 1c stocks.At 10c stocks its 5%

As it is its really hit and miss.Very little skill.

Think also the ability to call a close to your trade during the month to preserve capital if you think your pick was turning against you.
This would be what youd do while trading so that way you can have control.

Once in your in and once you exit your out.
Anyway just thoughts.

 

[stefan]

Re: Official December Stock Tipping Competition Entry Thread!

Well,
If you go for a $20 stock then obviously you're either a very optimistic person or you're just missing the point of this competition. As mentioned correctly, the point is to pick the biggest % mover. OBVIOUSLY a penny stock will reward you with bigger % IF it moves at all. Just as well as a tick up is +10%, one down is -10%. That's the beauty (risk) of penny stocks. This competition is not about real trading skills. It's a tipping comp for 30 days. It has nothing to do with how good a trader you are. It appears to me that some members take it way too seriously. If you can't live with the fact that you may end up at the bottom, then by all means pick a penny stock and have a go or watch it unfold from the side line.

I have no problem with a "REAL" competition where members can trade in and out of stocks during the runtime but keep in mind that somebody has to monitor this. Not to mention the fact that Joe is going on a holiday. I came up with the coding for the current competition and while everything is possible, I highly doubt that it would be easy to provide us with a much more extended version of this comp. Why don't you join the ASX game if you want to have a go? I wouldn't have the time to take this more seriously. The great thing is to see all the crazy picks people come up with. Sometimes they work out great, and sometimes they turn out to be a dog.

When you bet on a penny stock, you can't be sure until the very last hour of the competition. If the market starts selling, then your penny stock can tumble quicker than you manage to reload the competition page.

For at least another couple of months, nothing should change. During this period we may all try to find something more sophisticated that suits everybody.

Happy trading

Stefan

 

[tech/a]

Re: Official December Stock Tipping Competition Entry Thread!

hahaha.

Sorry I mentioned it Boss No 2.

I be a good poster and shut up.

 

[stefan]

Re: Official December Stock Tipping Competition Entry Thread!

I be a good poster and shut up.

Tech/a you really don't like being criticised do you?

You have to live with the fact that I don't agree with everything you post. That doesn't mean you have to get cranky each time. I never said you should shut up. I would however be interested how you think this competition could be done from a technical point of view if you're so keen to have it changed. I assume you have the perfect solution for it? No? Hmmmmm, it's one thing to ask for changes, but somebody has to IMPLEMENT them. Whether you like it or not, it's a rather big task.

You may have missed my last part so here we go again:
For at least another couple of months, nothing should change. During this period we may all try to find something more sophisticated that suits everybody.

Now stop crying and keep posting.

Happy trading

Stefan

 

[tech/a]

Re: Official December Stock Tipping Competition Entry Thread!

Tech/a you really don't like being criticised do you?

You have to live with the fact that I don't agree with everything you post.
Stefan

OK.

To part 1 No your right suggestions are asked for then along comes Stefan the Forum police and hey presto Judge and Executioner proclaims law.

I reckon its worded wrong here.

Everytime an opinion is required the thread should be titled.

STEFAN WHATS YOUR OPINION.

Part 2 alter everything to anything.
Stefan your private little piece of turf and credibility seems to you -------challenged.I havent been here to compete---------rather to enrich the site.

Ill leave you to your Guru status a legend in your own postings.

I have nothing to give to this site.
Everything is known!!
If it isnt they have you!

Rather than Guru status I think you serve this site a disservice by judging all who post.Quality posters are hard to find.
Chasing them away is a sign of insecurity and personal threat.

I leave for one reason
Ill be damned if Ill spend time to answer genuine posts to be critisised,and continually accused of attempting to have some sort of controlling influence.
Ill help anyone who genuinely asks.

BUT NO LONGER HERE

No its not a dummy spit its lack of interest---when its no longer fun I stop.

Its not FUN.

 

[stefan]

Re: Official December Stock Tipping Competition Entry Thread!



I'm sorry I can't come up with something else. You are so frequent in your attempts to post something like "If you don't like it I can go elsewhere" or "Stefan the forum police" it's just plain stupid.

You'll get a few postings begging you to stay and so history continues to repeat itself. As long as you take everything personal there is little a forum can do for you. Open a website and ask people to subscribe.

Whether you like it or not, I'm not the one who keeps judging people. If you post something, you'll get a response. That's what a forum is all about.

suggestions are asked for then along comes Stefan the Forum police and hey presto Judge and Executioner proclaims law.

Hm, where exactly did I judge and execute anything? I only said I'd rather not change the competition for now. Just as you wanted to add a few things, my SUGGESTION is to leave things as they are. But I see that there is little benefit in pointing that out. You just don't want to see that others have OPINIONS too and that they sometimes don't match your own.

Chasing them away is a sign of insecurity and personal threat.

You don't seriously believe what you just said, do you? Otherwise you may point out where exactly I attempted to do this.

Your wisdom and knowledge in Technical Analysis has never been questioned. What has been questioned by me is your constant cranky behaviour whenever soemthing doesn't fit into your theory.

Oh well...

Happy trading

Stefan

 

[stefan]

Re: Official December Stock Tipping Competition Entry Thread!

Oh I forgot... May I SUGGEST that this thread being renamed to something else and another Official December thread being created. It appears to have lost it's original purpose anyway.

Happy trading

Stefan

 

[Joe Blow]

Re: Official December Stock Tipping Competition Entry Thread!

OK.

To part 1 No your right suggestions are asked for then along comes Stefan the Forum police and hey presto Judge and Executioner proclaims law.

I reckon its worded wrong here.

Everytime an opinion is required the thread should be titled.

STEFAN WHATS YOUR OPINION.

Part 2 alter everything to anything.
Stefan your private little piece of turf and credibility seems to you -------challenged.I havent been here to compete---------rather to enrich the site.

Ill leave you to your Guru status a legend in your own postings.

I have nothing to give to this site.
Everything is known!!
If it isnt they have you!

Rather than Guru status I think you serve this site a disservice by judging all who post.Quality posters are hard to find.
Chasing them away is a sign of insecurity and personal threat.

I leave for one reason
Ill be damned if Ill spend time to answer genuine posts to be critisised,and continually accused of attempting to have some sort of controlling influence.
Ill help anyone who genuinely asks.

BUT NO LONGER HERE

No its not a dummy spit its lack of interest---when its no longer fun I stop.

Its not FUN.

Hi Tech,

Let me tell you a litle story about how Aussie Stock Forums came into being. One day, about six months ago I was cruising around some of the Aussie based stock forums and noticed that a large proportion of the posts consisted of childish personal attacks on other contributors or blatant ramps. This annoyed me and in a flash Aussie Stock Forums was born (in my mind at least), I wanted to build a stock forum with a higher level of discussion than is currently available and a zero tolerance policy towards personal attacks and abuse.

I think Aussie Stock Forums is a pretty friendly place and I hope that you are not confusing criticism of your ideas with personal attacks because let me assure you that if I thought for a moment that someone here was making an unprovoked personal attack on you I would make an issue of it immediately... as we are all bound by the same rules here, even me.

I try and stay out of disagreements between members because it's not my place to become involved unless someone steps over the line, and that has not happened in this case. I don't want my role as administrator to be a political one and my sincere hope is that peace and tranquility will reign here at Aussie Stock Forums. Lets all work together instead of against each other.

I do appreciate your posts and your presence here at Aussie Stock Forums and I hope that you decide to stay.

Cheers!

Joe

 

[Porper]

Re: Official December Stock Tipping Competition Entry Thread!

Ok guys

I am not about to pick sides here but all I will say is that in theory tech/ A's idea would be good maybe when we have a few more people entering, especially if we have 3 categories to pick stocks for.That of course is up to Joe at a later date, and how other members feel about it.

The other point I would like to make is to tech/A.You know as well as everybody who is a member of this forum that this is by far and away the best place to post, it doesn't get the idiots that other forums do, and everybody is polite if not always agreeing with each other.But this surely is what a forum is all about.As far as I can recall nobody has posted abuse on here, a vigorous exchange of views and beliefs are fine by me.

So why leave ? :dunno: your knowledge is obviously good and your posts interesting.A little tiff is no reason to leave.

 

[Tric]

Re: Official December Stock Tipping Competition Entry Thread!

Good on you porper for letting these guys know that their posts are interesting and important to the forum.

I'm only a "new kid" to this forum (only joined last week ) and I Knew straight away how valuable these guys are.

Tech/a you answered my thread on ASV and I really appreciated your response. Your knowledge and insight into technical analyse is really education and the time you put into explaining things is truly a value.

This is not to say I am picking sides because I'm not ... just saying ... ok you don't agree & let off steam (easy to do with the pressures of day trading), and I'm one who believes saying what you think is healthy and doesn't need to be made too big of a deal about.

love you guys.
probably a good time to say "I think this forum is the greatest because of Joe and the some of the great people who contribute to it.

 

[RichKid]

Re: Official December Stock Tipping Competition Entry Thread!

Geeeeezzz!!! What a beat up! Relax guys, it's just a forum.

Stef and Tech: you guys have some of the best posts on these forums, regardless of whether everyone agrees with your views. Besides, it's amusing watching you two going off at each other, I don't want to miss THAT!
(but honestly, it's better to see some harmony so quite squabling or the Boss might draw himself up to his REAL size (you don't want to pull the Devil's tail....).

Anyway Tech , I have noticed that Stefan does disagree quite strongly with some of your views- but it's bound to happen when two people have two different methods/approaches to trading. As long as he doesn't get personal or abusive (which he hasn't IMO) I'm sure you're strong enough to meet his arguments or to at least see where he's coming from. He has been quite direct with some other people too (see MUL thread) but that was only in relation to their arguments/views. Perhaps we could all put the same point across but in a toned down way, there are many ways to say somethig without being intemperate- I'm not taking sides here Stefan. Hate to see the forums get sidetracked so hope this improves.

As for the comp- I reckon the simpler it is the better. I don't want to fret over choosing stocks like with the ASX game (far too complicated to be worth my time- might as well spend the time trading real stocks- I just play the ASX game when I have time to kill).

I do like a discussion/debate about how to improve the ASF game though.
Maybe we could have an annual prize for the person who ranks the highest over twelve months (start can be when the first comp started) (ie add up the places (eg first, second, third, fifth etc per month) and give a prize (can be a subscription or $50 or maybe Joe can find a sponsor to donate a grand prize??) to the person with the lowest aggregate rank (ie add up rank per player). So penny dreadful holders wont necessarily benefit as some months their stocks will do really badly (as will their rank).

So an eg of how it'll work if it's for a three month aggregate (instead of the 12 months that I suggested):
Player A 1st, 5th, 12th = 18
Player B 17th, 3rd, 6th = 26
Player C 10th, 1st, 4th = 15

So player C has finished more consistently in the top placings than the others so s/he wins if the time span is 3 months (ie 3 placings). This also means that the lead can change dramatically and the focus on one-off huge 30 day gains is shifted a bit more towards moderate consistent gains.

This is just a suggestion and is a rough idea, what do you guys think? That way Joe doesn't need to spend more time or much more money and the longer term accumulators can be in the running for the year end prize.

 

[stefan]

Re: Official December Stock Tipping Competition Entry Thread!

Maybe we could have an annual prize for the person who ranks the highest over twelve months (start can be when the first comp started) (ie add up the places (eg first, second, third, fifth etc per month) and give a prize (can be a subscription or $50 or maybe Joe can find a sponsor to donate a grand prize??) to the person with the lowest aggregate rank (ie add up rank per player). So penny dreadful holders wont necessarily benefit as some months their stocks will do really badly (as will their rank).

This sounds like a reasonable idea with only minor changes needed from a technical point of view. Sure, we would have to keep a score board but that's something that can be done without spending days coding an ASX like competition page. And it would certainly shift the focus away from penny stocks. Might be worthwhile IMHO.

Happy trading

Stefan

 

[Joe Blow]

Re: Official December Stock Tipping Competition Entry Thread!

I realize this thread has gone off on a bit of a tangent, but I'm going to stick with it as the December Stock Tipping Competition entry thread anyway.

 

[crocdee]

Re: Official December Stock Tipping Competition Entry Thread!

hi all

anyone want to pick mul for december

regards croc

 

[stefan]

Re: Official December Stock Tipping Competition Entry Thread!

anyone want to pick mul for december

Depending on the AGM and the result of the float, I may be tempted to pick it. But I will certainly wait until the AGM is over. Surprised?

Happy trading

Stefan

 

[banjo_pete]

Re: Official December Stock Tipping Competition Entry Thread!

give me ems again.