(sticky???)AnAndtech Stock market competition. HAS BEGUN.

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M

MikeMike

Lifer
Feb 6, 2000
45,885
66
91
rankings

contest name is: anandtech
password: atot

now, i have NEVER gotten spam from this site. its a very well run site too.

i have set trades to cost 30$, margin interest is 15%, and short selling is allowed, and the limit for stock price is 1$

however, you only have until the 22nd to join.

day trading is not allowed, however you can buy the day before at say 6pm, and sell the next day @ noon, i think their day trading clocks reset after midnight.

now, i want to see how many people we can get in here, and how they can do.

ive been in another competition on that site, and have made 17000$, (i hit mama when it jumped w/ 50000 shares of it).

i set the transaction cost to 30$ to see how much that effects the people who want to trade a stock for a single day, and then sell.

50% of your portfolio value, is what you can buy on margin.

sorry, i made a stupid mistake and closed entries after the trading began.

MIKE
 
M

MikeMike

Lifer
Feb 6, 2000
45,885
66
91
ok, once you join, you cannot do anything with the competition until the 22nd.

also, your beginnning balance is 100grand.

MIKE
 
M

MikeMike

Lifer
Feb 6, 2000
45,885
66
91
neone else??

ill bump in the morning too

ok, who is ravnbull, vman, and elite shield? please step forward and let us know

MIKE
 
mugs

mugs

Lifer
Apr 29, 2003
48,920
46
91
I'm in. I got owned at the stockmarket game in high school because everyone in my class used AOL, so they all invested in AOL (uh... yeah)... and of course it skyrocketed. I'm not particularly fond of these games, because the short time-frame doesn't really teach kids good investment strategy.

I thought it was funny that their username example had both letters and numbers, but their password example was "johnny". Yeah that's smart.

What's the length of the contest, and is it normal to have such a high interest rate for buying on margin?
 
M

MikeMike

Lifer
Feb 6, 2000
45,885
66
91
no, i put the interest rate up there, to limit spending, but trust me, 15% isnt much, im at 8% right now in my current contest, and go into the margin all the time (was @ one point 100grand into the margin, and only have lost 50$ due to the margin)

the time frame is only a month. that is the one problem. i set it low, because someone is bound to forget over a long period of time. day trading is the easiest way to win in this game with a short time period, so i bumped commision up to 30$ a trade to hamper the efforts of day traders.

if this is successful, after this, i will set one up that will last a few months.

however, a sticky would be nice.

MIKE
 
glenn1

glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
I joined, but i have a huge issue with one of the contest rules.

<< 7. This simulation will not handle limit orders or open orders and we don't pay dividends. You may short sell in the game. >>

Are you aware that this puts those who would invest in a dividend-paying stock at an extreme disadvantage, since after a stock goes "ex-dividend," the shares get adjusted down to reflect the value of the dividend payout? For example, if you have a $50 stock that pays a $2 dividend during a contest period, the exchange price of the share will automatically be adjusted down to $48 on the ex-dividend date.

So basically, if you don't invest in non-dividend paying (read: technology) stocks, you're already starting off with a huge disadvantage. Basically, if you choose to invest in a stock which pays a dividend, you have to make up in capital appreciation the dividend yield of your stock just to stay even.
 
XZeroII

XZeroII

Lifer
Jun 30, 2001
12,572
0
0
Originally posted by: glenn1
I joined, but i have a huge issue with one of the contest rules.

<< 7. This simulation will not handle limit orders or open orders and we don't pay dividends. You may short sell in the game. >>

Are you aware that this puts those who would invest in a dividend-paying stock at an extreme disadvantage, since after a stock goes "ex-dividend," the shares get adjusted down to reflect the value of the dividend payout? For example, if you have a $50 stock that pays a $2 dividend during a contest period, the exchange price of the share will automatically be adjusted down to $48 on the ex-dividend date.

So basically, if you don't invest in non-dividend paying (read: technology) stocks, you're already starting off with a huge disadvantage. Basically, if you choose to invest in a stock which pays a dividend, you have to make up in capital appreciation the dividend yield of your stock just to stay even.
Click to expand...

it's a game
 
R

RaynorWolfcastle

Diamond Member
Feb 8, 2001
8,968
16
81
Originally posted by: nourdmrolNMT1
comeon we need some more people!!!

MIKE
Click to expand...

I'll join... Here's the technique I plan to use: place $100K in penny stocks, close my eyes and hope for the best :p
 
H

Hector13

Golden Member
Apr 4, 2000
1,694
0
0
Originally posted by: glenn1
I joined, but i have a huge issue with one of the contest rules.

<< 7. This simulation will not handle limit orders or open orders and we don't pay dividends. You may short sell in the game. >>
Are you aware that this puts those who would invest in a dividend-paying stock at an extreme disadvantage, since after a stock goes "ex-dividend," the shares get adjusted down to reflect the value of the dividend payout? For example, if you have a $50 stock that pays a $2 dividend during a contest period, the exchange price of the share will automatically be adjusted down to $48 on the ex-dividend date.

So basically, if you don't invest in non-dividend paying (read: technology) stocks, you're already starting off with a huge disadvantage. Basically, if you choose to invest in a stock which pays a dividend, you have to make up in capital appreciation the dividend yield of your stock just to stay even.
Click to expand...

well then you have a simple strategy already... pick the highest yield stocks you can find (are preferreds available in this game??) and short the heck out of them. You should pick up the yeild as well as the interest from shorting.
 
M

MikeMike

Lifer
Feb 6, 2000
45,885
66
91
hey dissipate, go crap on your own damn thread. its a game, o no, its random, thats why people go to vegas, its just random luck but its FUN. so FVCK OFF

MIKE
 
H

Hector13

Golden Member
Apr 4, 2000
1,694
0
0
Originally posted by: Dissipate
This game is pointless. The stock market is by and large random, more about that here..
Click to expand...

while the market may be effecient, that doesn't mean that you can't make money off of it (although this would be a result of blind luck)... in any case, this is a game (as stated in another post) and given the short time period, there is no way that this game is going to be won using any sort of skill.

I will probably join and just buy/short the highest volatility stocks I can find in an effort to "swing for the fences" as there is no downside to going bankrupt in this game.
 
ultimatebob

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
Originally posted by: XZeroII
Originally posted by: glenn1
I joined, but i have a huge issue with one of the contest rules.

<< 7. This simulation will not handle limit orders or open orders and we don't pay dividends. You may short sell in the game. >>

Are you aware that this puts those who would invest in a dividend-paying stock at an extreme disadvantage, since after a stock goes "ex-dividend," the shares get adjusted down to reflect the value of the dividend payout? For example, if you have a $50 stock that pays a $2 dividend during a contest period, the exchange price of the share will automatically be adjusted down to $48 on the ex-dividend date.

So basically, if you don't invest in non-dividend paying (read: technology) stocks, you're already starting off with a huge disadvantage. Basically, if you choose to invest in a stock which pays a dividend, you have to make up in capital appreciation the dividend yield of your stock just to stay even.
Click to expand...

it's a game
Click to expand...


Yeah, but it's a great way to cheat! Just find a stock that has a HUGE dividend yield, and sell it short the day the day before it gives out the dividend. Hell, you might as well put all $150K on just that one stock, because it's practically guaranteed to go down. When the stock tanks the next day, cover your short and collect your winnings!
 
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