November Stock Picking Competition

[Trader Paul]

Hi folks,

Results 07112007, in attached file .....

happy days

paul



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[Trader Paul]

Hi folks,

Results 09112007, below ...

have a great weekend

paul



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[hangseng]

Good stuff Paul, go PEN

 

[MS+Tradesim]

Glad I sold that dog (I tipped) as soon as it hit my stop! Oh well, based on testing I have a 55% chance of picking a winner in my mechanical system, so maybe next month. :

 

[Gar]

go aussiepaul!

83% in ten days

 

[AussiePaul72]

go aussiepaul!

83% in ten days

Thanks Gar! Makes it even sweeter when you have your money where your mouth is
Its a big month for RAU drilling results to be reported .... and surprisingly enough this 80% increase in SP hasn't even seen any of the expected 5 or so drill result announcements be released yet!!! Hopefully there is more upside yet

 

[lazyfish]

Sorry this is the first time I participate in this, but what is the rational for using the opening price on the first of Nov, instead of the closing price on the last day of Oct?

 

[Boyou]

Congrats ,Aussie Paul,great run from RAU,indeed.

Don't want to rain on your parade (after all I am a holder too),but perhaps there is a little bit of "Buy The Rumour ,Sell the Fact" going on here with RAU's SP rocketing.
Not saying it won't go ballistic ,in time ,just that there is a huge amount of spec money piling in which is just waiting for the time to take some early profits.

Good Luck to all holders

Cheers Ya'll

 

[Garpal Gumnut]

Paul, you are a champion, the one month I have a chance of winning, go RIO,

gg

 

[AussiePaul72]

Congrats ,Aussie Paul,great run from RAU,indeed.

Don't want to rain on your parade (after all I am a holder too),but perhaps there is a little bit of "Buy The Rumour ,Sell the Fact" going on here with RAU's SP rocketing.
Not saying it won't go ballistic ,in time ,just that there is a huge amount of spec money piling in which is just waiting for the time to take some early profits.

Good Luck to all holders

Cheers Ya'll

Yes Boyou .... i totally agree and actually posted earlier tonight on this in the RAU thread .... it will be interesting to see how the market responds when drilling results are released and how much of the recent SP increase has already been factored in, if any?.... there are a lot of drilling results to be released over the next month so will make it very interesting!
I might have a nice lead this month to date but a lot can happen in a day on the ASX, let alone the remaining 3 weeks of November!! Good luck to all

 

[AussiePaul72]

Sorry this is the first time I participate in this, but what is the rational for using the opening price on the first of Nov, instead of the closing price on the last day of Oct?

Hi Lazyfish .... i was actually going to query that exact same thing ... but with having a handy lead to date didn't want to be seen as a punce by fellow ASF members ....rofl
If i remember correctly RAU (my tip) closed at 8.4c on the last trading day of October and opened on the first trading day of November at 8.7c.
Personally, i don't mind which method is used, but can someone explain if there is a particular reason for using the opening figure and not the closing quote from the previous day????

 

[Trader Paul]

Sorry this is the first time I participate in this, but what is the rational for using the opening price on the first of Nov, instead of the closing price on the last day of Oct?

Hi folks,

It would not matter, just when we decided to start trading, we would
inevitably make somebody unhappy .....

..... so, to keep all trading in the month of November, we chose to have
everybody buy at the open, on 01112007 .....

..... and over the course of a MONTHLY challenge, any gap-up or gap-down
at the start is NOT LIKELY to make a lot of difference to the end result,
in any case .....

have a great weekend

paul

 

[black_bird2]

Thanks for putting in the time Trader Paul to continue the fun and games.

 

[bvbfan]

Just my 2c on the price to use.
If you use friday's price then you are getting the benefit of the overnight US session and the weekend for effects to flow into the market.

So if a disaster strikes would it be fair to use the friday price or the opening on monday?

 

[prawn_86]

Personally, i don't mind which method is used, but can someone explain if there is a particular reason for using the opening figure and not the closing quote from the previous day????

As i understand it:

Theoretically if you were to buy one stock each month, then you would be buying it on the first. So if it gaps up or down, thats just the way it goes.

 

[Trader Paul]

Hi folks,

Attached file ..... November challenge results, on 13112007 ...

happy days

paul



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[hangseng]

Go PEN

With the imminent information due on the uranium and gold resources of PEN I am getting just a little confident now of my chances this month.

 

[Trader Paul]

Hi folks,

..... November challenge results ... 23112007:


have a great weekend all

paul



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[Trader Paul]

Hi folks,

Congratulations AussiePaul72 ... a worthy winner, leading the field for
the whole month, to take out a big win .....

Many thanks to all who entered the November Challenge.

have a great weekend

paul

 

[AussiePaul72]

Thanks TraderPaul!! Nice to be on a winner in Novemeber and just quietly i think RAU still has a lot to offer. Would have been a good pick for Dec aswell i think (and to my knowledge i don't think anyone jumped on it for the comp). Anyway, i've taken KAL for Dec!
TraderPaul, on behalf of all that entred the unofficial November comp, thanks for taking the time to run it.
Good luck to all in December comp!!