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  1. #1
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    Default 2020 ASX stock picking competition

    I think it is time to think to the future.

    After this year, i believe the rules require reflection.

    the 2019 rules at beginning of the year were :

    1 - no stocks under 1c will be accepted.
    2 - Dividends will be added to return.
    3 - 5 stock picks only.
    4 - no options etc.
    5 - each stock pick will have a weighting of $10,000 (20% of portfolio)... ($50,000 in total for portfolio)...
    so performance can be posted in percentage returns, and/or $ returns.
    6 - entries close before the open on Monday 14th January 2019.
    7 - entry price is the higher of the first-traded price from the day following you posting your selections and the first traded price
    on the first trading day of the year. This discourages late comers from optimising their entry price during the 2 week grace period.
    8 - if one of your picks hasn’t listed or is in suspension at the start of year we will just take the first traded price on the day that it lists or comes out of suspension.
    9 - takeovers will result in a new pick to the contestant, at the adjusted rate.
    10. at any time a ticker may be converted to cash but must be bought back into before the end of the year - same ticker.
    if in cash when suspended or taken over or otherwise unavailable by year end : cash. may not be swapped for another ticker

    I am suggesting this change to the rules :


    1 - no stocks under 1c will be accepted.
    2 - Dividends will be added to return.
    3 - 5 stock picks only.
    4 - no options etc.
    5 - each stock pick will have a weighting of $10,000 (20% of portfolio)... ($50,000 in total for portfolio)...
    so performance can be posted in percentage returns, and/or $ returns.
    6 - entries close before midnight on Wednesday 1st January 2020 Australian time , preferably before.
    7 - entry price is the higher of the first-traded price from the day following you posting your selections and the first traded price
    on the first trading day of the year, 2020. This discourages late comers from optimising their entry price. ANY grace period be requested BEFORE 2020 by post on the competition page.
    8 - if one of your picks hasn’t listed or is in suspension at the start of year we will just take the first traded price on the day that it lists or comes out of suspension.
    9 - takeovers will result in a new pick to the contestant, at the adjusted rate.
    10. at any time a ticker may be converted to cash but must be bought back into before the end of the year - same ticker.
    if in cash when suspended or taken over or otherwise unavailable by year end : cash. may not be swapped for another ticker
    11. if for some reason the ticker selected becomes unavailable or in error and the trader does not select another, then the next alphabetically available ticker be substituted to make up 5 valid tickers.

    These are ideas for discussion.

    i am unsure of jennym's availability for this.

    regards
    wizardAlvin
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
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  2. #2
    FEAR n GREED JBmurc's Avatar
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    Default

    Sounds fine to me
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  3. #3
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    Default

    there is some form of memory that the prior person running the competition - possibly shrewd-crude - was hand calculating and it took forever - or - perhaps it was thought that 0.1 cent to 0.2 cent (100% gain) was too easy. anyone know?
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  4. #4
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    Default

    I think so too. Total confidence in you.

  5. #5
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    Default

    Fine with me also, and really appreciate you taking this on again next year - I am sure you must spend countless hours working on this - many thanks

  6. #6
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    Default

    on the subject of 1 cent margin - because i use software it is straight forward and relatively easy to handle any form of difference such as the guests above.
    if required it is possible to organise categories
    such as below 1c; 1c and above; and the like .
    it makes no real problems in the computations.
    it may be a problem in reality if a 0.1 cent becomes 1 cent or above that is an outstanding rise.
    as i do not trade these - not my concern.
    this is just a thought to the competition entrants that a separate division is possible . as is a combined one .

    over to the group
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  7. #7
    IMO
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    Yes whatever is less time.I wouldn't care if divs weren't added for ex.

  8. #8
    Antiquated & irrational t.rexjr's Avatar
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    Default

    Sounds good

    If it's easier for you I'd suggest simplifying the start price to be either 'close on last trading day of year' or 'first trade of year' no matter when selection was made.

    The first trade after posting option seems like it just adds complications

    What ever makes it simplest and most enjoyable for you gets my thumbs up!

    Great comp even when my picks have me battling it out in Shrewdy's neck of the woods!

  9. #9
    Antiquated & irrational t.rexjr's Avatar
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    There's also an option that sub 1c shares could be traded but with a minimum buy in price of 1c. So 10k on a 0.5c stock would only buy 1000000 shares.

    Only thought of that one as last year I almost got caught out when my 1c stock dipped below threshold prior to opening and created confusion (for me at least)
    Last edited by t.rexjr; 30-10-2019 at 08:31 AM.

  10. #10
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    Quote Originally Posted by t.rexjr View Post
    There's also an option that sub 1c shares could be traded but with a minimum buy in price of 1c. So 10k on a 0.5c stock would only buy 1000000 shares.

    Only thought of that one as last year I almost got caught out when my 1c stock dipped below threshold prior to opening and created confusion (for me at least)

    i do not know why this is a rule other than it was a rule before i started helping out and it was carried forward - does anyone know?
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

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