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LEADERBOARD JUNE 2009 [message #36356]

Wed, 27 May 2009 10:32

Toad

Messages: 599
Registered: March 2008

Senior Member

Competition proudly sponsored by Sharenet - Smarter investing, online

Simple Rules:

-Select any 5 shares listed on the Johannesburg Stock Exchange, including staying in the money.

-Money symbol will be $$$ and will attract interest at 12% per annum.

-Share picks may be repeated i.e., you could choose SOL; SOL; $$$; CAE; CAE - that's 2 parts SOL and two parts CAE and one part $$$ of 1000

-Only one lot of share picks per Sharechat Handle will be allowed, which will be locked in till the end of the month's competition.

-All entries need to be posted to the month's competition threat on www.sharechat.co.za before the close of the first trading day.

-Cost (initial) price of any share will be determined by the offer price as at the end of the first trading day of the month's competition.

-Sale (final) price of any share will be determined by the bid price as at the end of the last trading day of the month's competition.

-No dividend will be added to a share's price to calculate its final price for the month.

-If a share is suspended during the month it has been chosen, and not reinstated before the end of that month's competition, the final price of that share will be considered to be 0 (zero).

Good luck!

If you discover a mistake in the spreadsheet please let me know. Thanks!

Attachment: leaderboard-jun-2009.xls
(Size: 120.50KB, Downloaded 94 time(s))

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Re: LEADERBOARD JUNE 2009 [message #36359]

Wed, 27 May 2009 12:12

Messages: 45
Registered: July 2008

Member

Hi all

Dont know about the rest of the guys.......but this month is abit of a difficult month to decide what to choose.........

- Sa officialy in recession
- MTN bharti deal
- confed cup starting in june
- lonmin rights issue

etc.

i hope i do better this month Embarassed

Embarassed

Nice Prizes.......

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Re: LEADERBOARD JUNE 2009 [message #36363]

Wed, 27 May 2009 12:56

Messages: 1239
Registered: June 2005
Location: Cape Town

Senior Member

Pothole wrote on Wed, 27 May 2009 11:15

Suggestion that we change the rules so that one may not more than double up on any one share; i.e. UUU UUU SIM SIM DRD, but not three of any one.
It will really be boring if all start gambling on one share only (x5) to win.... I think the competition should be more than only the winning part!
Rgds.

I agree good suggestion
Toad, what say you?

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Re: LEADERBOARD JUNE 2009 [message #36364]

Wed, 27 May 2009 13:28

Messages: 282
Registered: January 2009
Location: Forbidden Kingdom

Senior Member

Let's vote. I vote against changing the rule.

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Re: LEADERBOARD JUNE 2009 [message #36365]

Wed, 27 May 2009 13:44

Messages: 2887
Registered: October 2006

Senior Member

I vote for the rule! Maybe three of 1 share max?

Not allowed to pick 4 or 5 of the same share...

Gaan groot of gaan huis toe

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Re: LEADERBOARD JUNE 2009 [message #36366]

Wed, 27 May 2009 13:55

Messages: 1239
Registered: June 2005
Location: Cape Town

Senior Member

Leaderboard Share Picks[ 22 vote(s) ]
1.	5 alike	4 / 18%
2.	4 alike	0 / 0%
3.	3 alike	2 / 9%
4.	2 alike	8 / 36%
5.	1 of each	8 / 36%

Maxiumum Number of Share picks allowed of the same share
in Leaderboard competition

This poll expires in 3 days

[Updated on: Wed, 27 May 2009 13:58]

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Re: LEADERBOARD JUNE 2009 [message #36367]

Wed, 27 May 2009 14:25

Leo1

Messages: 296
Registered: July 2008
Location: Pretoria

Senior Member

perreby wrote on Wed, 27 May 2009 13:44

I vote for the rule! Maybe three of 1 share max?

Not allowed to pick 4 or 5 of the same share...

What's the difference whether you wanna pick 5 different shares or all 5 the same?

In some cases you gonna win and in some you not.

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Re: LEADERBOARD JUNE 2009 [message #36368]

Wed, 27 May 2009 14:32

Leo1

Messages: 296
Registered: July 2008
Location: Pretoria

Senior Member

Please add mine, I'm going on a golf tour for a few days and need to get my picks in now:

GND
MRF
SHP
BIL
SOL

Thanks

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Re: LEADERBOARD JUNE 2009 [message #36369]

Wed, 27 May 2009 14:36

Messages: 2887
Registered: October 2006

Senior Member

Leo1 wrote on Wed, 27 May 2009 14:25

perreby wrote on Wed, 27 May 2009 13:44

I vote for the rule! Maybe three of 1 share max?

Not allowed to pick 4 or 5 of the same share...

What's the difference whether you wanna pick 5 different shares or all 5 the same?

In some cases you gonna win and in some you not.

But leo dont you think it will make the competition more hotly contested when your holdings isnt all in the same stock? Level things out a little?

Gaan groot of gaan huis toe

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Re: LEADERBOARD JUNE 2009 [message #36371]

Wed, 27 May 2009 14:44

Messages: 93
Registered: September 2008
Location: Cape Town

Member

I prefer the choice 1 of each. Maybe 2.
Its not good practice to have a portfolio of only 1 or 2 shares. More diversification will promote a more realistic competition, rather than the all or nothing prize chasers.

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Re: LEADERBOARD JUNE 2009 [message #36372]

Wed, 27 May 2009 14:51

Messages: 82
Registered: February 2008
Location: Cape Town

Member

I agree with CFA Trader
1 of each - makes you think a bit more , instead of gambling ! Razz

Razz

Razz

Razz

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Re: LEADERBOARD JUNE 2009 [message #36373]

Wed, 27 May 2009 15:24

Messages: 314
Registered: July 2008
Location: PTA

Senior Member

The leaderboard game is gambling because of the one month timeframe. To diversify gambling is a joke. I still would like to be able to take profit during the month.

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Re: LEADERBOARD JUNE 2009 [message #36374]

Wed, 27 May 2009 15:39

Messages: 2887
Registered: October 2006

Senior Member

Cut Loss wrote on Wed, 27 May 2009 15:24

The leaderboard game is gambling because of the one month timeframe. To diversify gambling is a joke. I still would like to be able to take profit during the month.

You can do that on your real portfolio Laughing

Laughing

Gaan groot of gaan huis toe

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Re: LEADERBOARD JUNE 2009 [message #36377]

Wed, 27 May 2009 15:50

Messages: 79
Registered: August 2007

Member

My vote is on 1 share pick, making it 5 different shares. Smile

Smile

WAVES ARE HIGHLY GEARED INTRUMENTS - TRADE WITH CAUTION

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Re: LEADERBOARD JUNE 2009 [message #36378]

Wed, 27 May 2009 15:54

Leo1

Messages: 296
Registered: July 2008
Location: Pretoria

Senior Member

perreby wrote on Wed, 27 May 2009 14:36

Leo1 wrote on Wed, 27 May 2009 14:25

perreby wrote on Wed, 27 May 2009 13:44

I vote for the rule! Maybe three of 1 share max?

Not allowed to pick 4 or 5 of the same share...

What's the difference whether you wanna pick 5 different shares or all 5 the same?

In some cases you gonna win and in some you not.

But leo dont you think it will make the competition more hotly contested when your holdings isnt all in the same stock? Level things out a little?

I agree with you perre, I would never do that maybe 2 of the same but that's that.

I do however think it's an individual's choice to gamble this way. Very rarely will 1 stock picked 5 times outperform a diversified portfolio.

You have to be crazy or lucky to win with 1 stock x 5. But if one person does bully for them.

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Re: LEADERBOARD JUNE 2009 [message #36379]

Wed, 27 May 2009 15:54

Domi

Messages: 420
Registered: May 2006
Location: Paarl

Senior Member

I vote max 2 parts of a share.

Will be interesting to see how many new users there are as soon as there are prizes to be won, hopefully the good 'spirit' of this competition won't decay.

In my picks ill have 2x registering users for the month Laughing

Laughing

[Updated on: Wed, 27 May 2009 16:02]

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Re: LEADERBOARD JUNE 2009 [message #36383]

Wed, 27 May 2009 16:24

Messages: 2887
Registered: October 2006

Senior Member

Lets let the pole be the decider on how many shares to include. So there needs to be a cut off for voting. Friday is the last trading day of the month, perhaps that should be the cut off for the vote?

And yes Leo if a person picks 5 and he wins then hey good for him, but that might make the competition a little one sided affair in certain months. Whereas if you pick a min of 3 shares (i.e 2 max per share) we will see a lot closer battles for the win. And isnt that what its all about? Having a FUN but tightly contested competition?

Each person has his own trading method and way he makes money. So Cutloss we cant cater for everyone. The weekly pick is to short for the fundamentalist and the yearly one to long for the techies. So lets compromise and keep the monthly one without any profit taking. Seems a fair trade off?

Gaan groot of gaan huis toe

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Re: LEADERBOARD JUNE 2009 [message #36387]

Wed, 27 May 2009 16:58

Messages: 382
Registered: January 2009

Senior Member

I dont see why you want to change the rules.This competetion is exciting the way it is....

Always someone wanting to change things when it doesnt suit them

Piranha Laughing

Laughing

Laughing

Laughing

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Re: LEADERBOARD JUNE 2009 [message #36388]

Wed, 27 May 2009 17:05

Messages: 93
Registered: September 2008
Location: Cape Town

Member

Leo,

Chances of picking 1 stock x 5 introduces a "do or die" situation, but as its not real money, you just restart every month.
Ill play for the fun of it, and also donate away if i win, but just a point for those wanting to learn.

Diversification decreases risk, does not necessarily increase profits (over the short term)

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Re: LEADERBOARD JUNE 2009 [message #36391]

Wed, 27 May 2009 18:11

Messages: 1239
Registered: June 2005
Location: Cape Town

Senior Member

Vote here:

http://www.sharechat.co.za/index.php/m/36366/#msg_36366

voting closes in 3 days.
Let Toad decide if he wants to impliment anything new or change rules.

[Updated on: Wed, 27 May 2009 18:12]

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