Tipping Competition for Full CY 2019

[Smurf1976]

Some interesting comments and I appreciate the thoughts of everyone.

I do have a view that "rules are rules" however and would not wish to have any form of unfair advantage, however minor, over another participant in the competition given that an actual prize of financial value is on offer.

Please don't anyone take that negatively or as a lack of appreciation for the comments received. As some are aware through my comments on other threads, life has seen more than enough drama in recent times, so the positive thoughts are appreciated. I won't elaborate there beyond saying that the drama doesn't relate in any way to the energy industry.

If there's a rule then there's a rule however and it's my fault for assuming it was pick one stock and not reading the actual rules until the 31st and then not having enough time. That's my fault not anyone else's. I should have done it sooner.

It would be different if it was playing sport in the backyard with a few kids and we can rig the game so everyone gets a decent go hitting the ball. That's not a good idea when it's adults and there's real money involved however and I do think the rules as stated should be followed. In any contest, integrity is crucial.

I'll give it some further thought, and may post the stocks I would have entered, but I don't think I should be eligible to win for that reason. Rules are rules.

 

[SirRumpole]

Some interesting comments and I appreciate the thoughts of everyone.

I do have a view that "rules are rules" however and would not wish to have any form of unfair advantage, however minor, over another participant in the competition given that an actual prize of financial value is on offer.

Please don't anyone take that negatively or as a lack of appreciation for the comments received. As some are aware through my comments on other threads, life has seen more than enough drama in recent times, so the positive thoughts are appreciated. I won't elaborate there beyond saying that the drama doesn't relate in any way to the energy industry.

If there's a rule then there's a rule however and it's my fault for assuming it was pick one stock and not reading the actual rules until the 31st and then not having enough time. That's my fault not anyone else's. I should have done it sooner.

It would be different if it was playing sport in the backyard with a few kids and we can rig the game so everyone gets a decent go hitting the ball. That's not a good idea when it's adults and there's real money involved however and I do think the rules as stated should be followed. In any contest, integrity is crucial.

I'll give it some further thought, and may post the stocks I would have entered, but I don't think I should be eligible to win for that reason. Rules are rules.

Can we accept that Christmas / New Year is a busy and traumatic time (for various reasons) for everyone and that a lot of people may have overlooked this competition for various reasons and maybe the deadline should be pushed back untill Jan 31 to allow people to get back into stock market gear ?

If that is done, then maybe those who have already entered should be allowed to reconsider.


I got my entry in, but then I don't have a life.

 

[Joe Blow]

I'm interested in finding out how many people there are who wanted to enter the competition but failed to do so before the deadline. If you are one of those people could you please like this post so I can establish how much of an issue this actually is. I am aware of Smurf, but not aware of anyone else at this stage.

Alternatively you can contact me via PM and let me know.

 

[barney]

I do like the history of this forum and would sort of like it to be what is was.

On that we agree ….. and that is all my suggestion in "refining the rules" was trying to achieve …. More players, more input, more conversation, more chance of the site returning to the days of progressive banter .... One step at a time.

I see the Comp and the prize money as an advertising tool to entice new members and more input from old members, and advertising should be used to its best advantage. As soon as the Comp is closed for entries, the advertising benefit is gone.

Regarding "spitting on the rules" ….. Every Major Sporting body in the World are constantly refining their rule of play to try and make their games more appealing ….. more punters, more advertising dollars. Rules are rules I agree, but rules can always be refined and improved.

"Spitting" infers someone is going to either get an unfair advantage or disadvantage by a rule change …. that is not the case with my suggestion!

 

[barney]

I'm interested in finding out how many people there are who wanted to enter the competition but failed to do so before the deadline. If you are one of those people could you please like this post so I can establish how much of an issue this actually is. I am aware of Smurf, but not aware of anyone else at this stage.

Alternatively you can contact me via PM and let me know.

Hi Joe … Unfortunately a lot of us Punters in cyber space need to be spoon fed …. I don't know how many members are on your register but I know its multiples of how many have entered the Comp.

Maybe an email should be sent to all members asking your above question:-

1) Did they know there was a yearly competition with substantial prize money on offer?
2) If they had the chance to get a late entry in would they be keen to do so?

 

[Joe Blow]

Hi Joe … Unfortunately a lot of us Punters in cyber space need to be spoon fed …. I don't know how many members are on your register but I know its multiples of how many have entered the Comp.

Maybe an email should be sent to all members asking your above question:-

1) Did they know there was a yearly competition with substantial prize money on offer?
2) If they had the chance to get a late entry in would they be keen to do so?

Hi Barney, I appreciate both points of view on this issue. There may be people who genuinely wanted to enter but due to the holidays during December failed to get their entry in. Then there are those who entered and feel it is unfair that the deadline be extended as there was a four week window of opportunity from the date the competition thread was started until the deadline which gave people plenty of time to throw their hat into the ring, especially given that this has been an annual event for a number of years now. Both points of view are valid and I understand them both.

At this stage I'm just trying to figure out if this is actually an issue and I'm not yet convinced that it is. Most people are back on deck by today and it is pretty difficult to miss this thread. It's been pretty difficult to miss it for the last month. If there is an issue it will become clear in the next day or so and I will assess the situation once I know more. Given the strong views on both sides of this issue I feel that's the best course of action.

 

[barney]

At this stage I'm just trying to figure out if this is actually an issue and I'm not yet convinced that it is.

All good Joe. I don't think there is really a problem as such.

It was just a random thought the other day which I thought might give you a bit more mileage out of those Sponsorship dollars The fact that it is being discussed is probably doing that anyway Cheers.

 

[Sdajii]

On that we agree ….. and that is all my suggestion in "refining the rules" was trying to achieve …. More players, more input, more conversation, more chance of the site returning to the days of progressive banter .... One step at a time.

I see the Comp and the prize money as an advertising tool to entice new members and more input from old members, and advertising should be used to its best advantage. As soon as the Comp is closed for entries, the advertising benefit is gone.

Regarding "spitting on the rules" ….. Every Major Sporting body in the World are constantly refining their rule of play to try and make their games more appealing ….. more punters, more advertising dollars. Rules are rules I agree, but rules can always be refined and improved.

"Spitting" infers someone is going to either get an unfair advantage or disadvantage by a rule change …. that is not the case with my suggestion!

By all means refine the rules. Maybe the full year should start on February 1 or it should be financial year or whatever other rule everyone likes. I'm certainly not saying the rules should forever remain unchanged. Next year when the competition is announced perhaps a late entry with penalty option could be included (although that would probably be pretty lame). Looking at your sports example, they don't change the rules half way through a game, they change them for the next season, typically, or if within a season, they announce the change before the change and it's introduced into future games, not 'Oh, he missed the kick, let's give him another go'. That would piss off more fans than it would please and it would encourage the fan base to move in a 'we don't take this seriously and everyone gets a trophy for turning up' type base.

I for one would lose respect for the forum, less likely to take part next year and less inclined to check this forum now if it was moving in that direction.

 

[Darc Knight]

You're an ideas Man @barney , it's a great thing to have

 

[barney]

By all means refine the rules. Maybe the full year should start on February 1 or it should be financial year or whatever other rule everyone likes. I'm certainly not saying the rules should forever remain unchanged.

I for one would lose respect for the forum, less likely to take part next year and less inclined to check this forum now if it was moving in that direction.

I totally understand your point of view Sdajii ….. and at this point in time, its probably the correct one.

My post 147 above pretty much sums up the motive behind the original suggestion. I stand behind my motives, but accept that those same motives may not translate into a useful decision as well as they were intended.

The only thing I'd still suggest is ….. If next year Joe is able to rustle up another substantial sponsorship amount ……. The advertising aspect of that should be exploited to its fullest potential ….. To the point of having the Competition advertised (Banner?) on the ASF login page and up and running at least 2 months before the Comp starts

Cheers all … back to my hole in the ground

 

[PZ99]

My 2c > last year we started the comp on Sunday Jan 7th. Maybe start it on Jan 13th this year?

 

[tinhat]

Someone kindly pointed out to me that my choice of CZI doesn't satisfy the following rule

• No stocks that are trading at less than $0.10 on the day of entry may be entered.

Given that I have not made a valid entry I'm happy to withdraw from the competition. It is interesting that two stocks which I actually hold didn't qualify as stock pics (CZI, KZA).

 

[So_Cynical]

Someone kindly pointed out to me that my choice of CZI doesn't satisfy the following rule

Given that I have not made a valid entry I'm happy to withdraw from the competition. It is interesting that two stocks which I actually hold didn't qualify as stock pics (CZI, KZA).

CZI also doesn't met the 100K traded rule, i had to drop 3 stocks i wanted due to this.

 

[tinhat]

CZI also doesn't met the 100K traded rule, i had to drop 3 stocks i wanted due to this.

Yeah, I was pretty sure I checked my stocks against the rules. I probably got confused along the way.

 

[Joe Blow]

Someone kindly pointed out to me that my choice of CZI doesn't satisfy the following rule

Given that I have not made a valid entry I'm happy to withdraw from the competition. It is interesting that two stocks which I actually hold didn't qualify as stock pics (CZI, KZA).

tinhat, are you able to come up with a replacement stock for CZI?

 

[luutzu]

tinhat, are you able to come up with a replacement stock for CZI?

Hi Joe,

Peter2 kindly remind me my MDR was below the $0.1 to qualify.

Can I replace it with SIG?

So that's

MRM
SIG
MND
STO

thanks Joe.

And thanks Peter2 and Explod for the correction

 

[Joe Blow]

Peter2 kindly remind me my MDR was below the $0.1 to qualify.

Can I replace it with SIG?

Yes you can. Consider it replaced.

 

[Sdajii]

Can I change some of my choices too since other people are changing theirs, and/or should I just deliberately choose stocks which don't qualify next year so that I can then use the excuse to choose stocks at a later and more strategic date?

Totally agree that advertising with a banner for a couple of months before the start may be a good idea, it may be worth starting at a later date, and either ask people to be careful to stick to the rules or maybe more appropriately, tell them that the rules don't really get stuck to anyway so don't take them seriously.

 

[Joe Blow]

Can I change some of my choices too since other people are changing theirs, and/or should I just deliberately choose stocks which don't qualify next year so that I can then use the excuse to choose stocks at a later and more strategic date?

I think these were honest mistakes that are only coming to light after @peter2 has gone through and checked all the entries. We're still only eight days (and five trading days) into 2019, any price fluctuation that occurs now will have no material impact on the final result.

Totally agree that advertising with a banner for a couple of months before the start may be a good idea, it may be worth starting at a later date, and either ask people to be careful to stick to the rules or maybe more appropriately, tell them that the rules don't really get stuck to anyway so don't take them seriously.

I think it's fair to say that I've made a few unfortunate errors in the organisation of the competition so I'm prepared to cop most of the blame here. Like most people, I had numerous family commitments over Christmas and I should have been paying closer attention to the entry process (i.e. checking every entry as they came in). Needless to say I've learned a lot and won't make the same mistakes next year.

 

[Sdajii]

If you're not going to stick to the rules anyway, and no one is accountable for checking their own entries (I probably shouldn't have bothered checking my choices fulfilled the requirements; waiting for someone else is easier and if they're slack you even get a reward for your own laziness around here! Stupid me for bothering) you might as well let Smurf join. Smurf didn't join because he didn't have time to do it properly, as opposed to the people who just didn't care about doing it properly. Letting people who made invalid entries change now makes less sense than letting Smurf (or anyone else) in. If you're going to make changes now, the most sensible thing to do (other than just sticking to the rules as set which is the only right thing to do) is to let everyone rechoose at this point and anyone who wants to can enter until a final cutoff point.