Trading Matters Challenge

[tigerboi]

when does the comp start up again?

been a good week for me after missing 4 questions & starting a day late in

position 10,441st,getting to 1261st at the start start of the week with

$291,219.77,by the end iam $373,229.93 at 386th a high of 326th,minus the

$50k for the questions gives a weekly profit of $32,010.16,consisting of

21 trades,13 good 8 not as good,it will be interesting to see what strategy

works the best over the break,all in or cash out???i went all in as over the

holiday period certain stocks always do well,i am trading as tjcheb......





merry christmas to all,drive safely...tb

 

[tigerboi]

looking at how the market has rebounded it looks like the 2 leaders in this

game who sit on cash may get run down by some of us that took the punt

the dow would rise,so the leaders wont trade for 6 days ??good chance for

the chasers to make up plenty of ground so it looks like going to be a close

finish,interesting to know what stocks alphacom has being in 3rd place coz

i myself made $9879 today to go from $373,229 at 386th to $383,108 at

257th a game high,perfect time to make huge gains on the leaders if you

got yourself the right stocks,so confident of being over $400,000 when the

game restarts,anyone else taken a position on their stocks they think can

make big gains during holidays,i see mouse at 195th at $388,279 but with

$80,000 in cash,mr c at 53 at $405,371 all in with his portfolio,see you soon

mouse& mr c if you get wind burn you will know its tjcheb going past you,

1281st to 255th in a week,$42,068 trading profit,merry christmas, tb...

 

[mr camouflage]

6 days?? The leaders wont be able to trade for 10 working days, not until Monday 7th Jan 2008.

Well I'm now at 29 with $422,157.93. Not bad for a day of doing nothing.

I don't really understand why people would put all there money in cash for the next 2 weeks of trading. Do they thing the market will remain stagnant or crash for the next 2 weeks.

Lets see where things are at the end of the week. I think that some of the people with $0 in the portfolio will be dropping out of the top 10.

 

[Mouse]

Woohoooo

I'm in position 128 with $395,175.11. They must have done something with my FMG shares that split.

Darn this silly holiday they are having ... couldn't they put Christmas off until after the competition!!!

cheers
Mouse

 

[mikat]

As the leader in the comp i have to admit that ive erred in keeping a cash position over the close.
honestly on friday i was in a batle with ozy to stay ahead, and close out of some speculative positions, that i forgot about the two week break.
as far as the comp goes, i cant see why the comp had to be put on hold for two weeks anyway, the stock market doesnt close, and this is supposed to be game based on trading, not an investment game.
mikat

 

[mr camouflage]

I received an email from The Trading Matters People quoted below.

Note the Spelling error, freudian slip maybe?

The weekly prize thing is a bit retarded. The weekly prize favours people that aren't doing to well in the comp. The less money you have the greater your percentage increase for the week (you had to have at least $100,000 at the start of the week).

eg i had an account set up all ready to challenge for the weekly prize. Sitting on just above $100,000 I was in prime position to make 50% (possibly 60% depending on when the week ends) increase just on quiz answers for the week.

I'd have to wait till the second week after the comp restarted, so I could answer 2 questions on Monday (last Friday and the Mondays questions) then Tuesday to Thursday (I don't think Friday's question would count, since it would get answered after trading ended for the week). With some good stock choices I could have been a contender.

Now they've upped the minimum to 250,000 as the start of the week, so there goes that strategy.

Guess I'll just have to try and make it into the top 10.

Anyway, the email from "Tarding" Matters

Dear Contestant

Just a reminder that the Tarding Matters Challenge is clsoed over Chrsitmas so from Market Close on Friday Dec 21 to Market Open Monday Jan 7 there will be no trading and no trivia questions to answer

A couple of other changes to the game
If you hold a stock that splits (AQP, FMG and PBL at the moment), our game software is unable to automatically split the shares and update your holdings. We are therefore going to have to refund the initial purchase amount for these shares. This obviously isn't ideal but is the only fair way for those affected - you will notice this change from today.

Also we are making a change for January for the limit to qualify for our weekly winners. You will need to have a minimum of $250,000 virtual dollars before 0930 Monday of each week credited to your account to qualify as a weekly winner from Jan 7.

Good luck in January and have a Merry Christmas and a Happy New Year from all at CNBC.

 

[mr camouflage]

Woohoooo

I'm in position 128 with $395,175.11. They must have done something with my FMG shares that split.

cheers
Mouse

According to the email I recieved, they have refunded your initial purchase price for them. So basically its like you never owned them at all, which is good for you if they were worth less than when you bought them, bad for you if they had increased in price.

 

[tigerboi]

6 days?? The leaders wont be able to trade for 10 working days, not until Monday 7th Jan 2008.

Well I'm now at 29 with $422,157.93. Not bad for a day of doing nothing.

I don't really understand why people would put all there money in cash for the next 2 weeks of trading. Do they thing the market will remain stagnant or crash for the next 2 weeks.

Lets see where things are at the end of the week. I think that some of the people with $0 in the portfolio will be dropping out of the top 10.

yeah i meant trading days,but it looks good for the all in...

 

[mr camouflage]

Yeah I didn't think of that. How man days is the stock exchange closed ? xmas, boxingday, new years day?

Still, it will be hard to catch Mikat.

 

[Mouse]

Just out of curiosity,

Has ayone attempted to trade in the game while it is stopped? I noticed that I can still click on the link to make a trade, but I don't want to try in case I get disqualified

cheers
Mouse

 

[mr camouflage]

Yeah I put an order in on monday to buy some shares, but it never went through.

 

[tigerboi]

Yeah I didn't think of that. How man days is the stock exchange closed ? xmas, boxingday, new years day?

Still, it will be hard to catch Mikat.

The top 15 leader board looks like getting interesting with 6 of the top 12

going for cash so i reckon a few are sweating bullets big time as i see mr c

going well at 21st up from 52nd,$405,371 to $430,843,$25,500 for the first 2

days good effort mate it looks like if you have got some good stocks that are

ticking over then you can make up ground that may have been alot harder

otherwise,myself as tjcheb have gone from$373,229 370th place to $387,943

in 236th place,its a good test of trading skill with no $10,000 to help the

struggling keep in touch,just you & your stocks for 2 weeks to ride them hard

against the cashies,good luck to mr c & mouse who is now only just up ahead

of me at $395,548 who made about $7,300 today,$14,714 for myself on

monday&thursdays non game trading,would be good to see how some of the

others in the game have gone on those 2 days,feel free to post your so far

2 days non trading scores tb aka tjcheb 236th $14,714 good luck hope you

all had a merry christmas,happy new year & drive safely.....tb

 

[tigerboi]

the game restarts monday with the dow about to test 12750,as predicted the

leaders have been run down during the 2 week break by alphacom now at

$597,054 going great guns seems us all in still have the advantage on reopen

to lock in profits made in the break,positions 4th to 10th are still there for the

taking,mr camouflage has gone from $405,371 to $432,970 from 52nd to 24th

he looks the one to break into the top 15 soon,mouse $395,291 down to

187th from 149th i'd say his fmg shares is what has held him back,myself at

tjcheb went with the all in for the break starting at portfolio $364,030 with

it now at $381,535 for profit of $17,505 4.8% +$10,162 cash gives a total

of $391,698.35 from 370th up to 228th,the decision to stay with cash has

seen some slip from 94th to 130th,i started the break beside governor arnie

at 372nd,hes now 494th,interesting to hear how others went during the

2 weeks off,best to lock in profits & wait & see what the market does.tb

 

[Mouse]

Hi tigerboi,

Thanks for the update. One small correction though ... Mouse is a female

I haven't been watching the shares in the game all that closely. Just so long as I am beating wysiwyg I am happy!

cheers
Mouse
P.s. Wysiwyg .. You're being beaten by a girl :

 

[tigerboi]

no probs mousette,ive watched the scoreboard to see what did best

cash or all in,not far behind you,see how monday goes.tb

 

[tigerboi]

Where is wysiwyg ranked in the game? What name are you?

 

[mikat]

even though it was an oversight to be all cash for the two week close, i think that with hindsight it may not be too bad a move.
only one of the top ten holding all cash has fallen out of the ten, and although ive dropped over $20k on alphacom i should be able to get ahead in early trades next week.
there are quite a few who by holding a stock position for two weeks have dropped a lot, so i guess for some its a win, for some a lose, for me i think i came out pretty well even
mikat

 

[mr camouflage]

I came out about 6 to 7% increase for the 2 weeks, but now I'm back at work with no time to do any trading, so I don't think I'll be able to make it to the top 10.

 

[blind freddie]

Todays market knocked me around something fierce. Still languishing well back in the field - have not and am not likely to make onto the leader board. Oh yes - go mouse

 

[blind freddie]

the answer is dong - just in case you wanted to know