Shares Game - Its on again!! Who wants to play?
- Thread starter Gordon Gekko
- Start date
i didn't get a confirmation email for my sell...?
i think GG was away for a few days.
Hi Guys,
One of the joys of living in the "bush" with lots of trees, is with one breath of wind, you lose power, back on deck now
GG
Hi All,
Here is he latest Share Game Update 29/8/2009
Since i can't attach the spreedsheet (file too big) here is a copy and paste of the Portfolio totals
Punters Net Worth Profit / loss $ Profit / Loss %
Hobo Jo $107,712.50 $7,712.50 7.71%
Project1080 $107,352.00 $7,352.00 7.35%
Lily House $106,338.97 $6,338.97 6.34%
Sheryn $106,293.62 $6,293.62 6.29%
Gordon Gekko $104,460.00 $4,460.00 4.46%
Ol School Skata $103,280.00 $3,280.00 3.28%
Hiflo $102,140.00 $2,140.00 2.14%
Blue Card $101,015.00 $1,015.00 1.02%
Joey5641 $99,650.00 -$350.00 -0.35%
kumyin lau $96,070.00 -$3,930.00 -3.93%
Joanmc $88,280.00 -$11,720.00 -11.72%
Average Profit / Loss $ $2,259.21 2.26%
Here is he latest Share Game Update 29/8/2009
Since i can't attach the spreedsheet (file too big) here is a copy and paste of the Portfolio totals
Punters Net Worth Profit / loss $ Profit / Loss %
Hobo Jo $107,712.50 $7,712.50 7.71%
Project1080 $107,352.00 $7,352.00 7.35%
Lily House $106,338.97 $6,338.97 6.34%
Sheryn $106,293.62 $6,293.62 6.29%
Gordon Gekko $104,460.00 $4,460.00 4.46%
Ol School Skata $103,280.00 $3,280.00 3.28%
Hiflo $102,140.00 $2,140.00 2.14%
Blue Card $101,015.00 $1,015.00 1.02%
Joey5641 $99,650.00 -$350.00 -0.35%
kumyin lau $96,070.00 -$3,930.00 -3.93%
Joanmc $88,280.00 -$11,720.00 -11.72%
Average Profit / Loss $ $2,259.21 2.26%
SECOND!!
No one remembers who came second! I'll have to sort this out before we get to the finish.
Can you do a mid week update as well. Mine seem to come back from their highs late in the week.
Project 1080.
The project: 10 IPs in 80 mths.
No one remembers who came second! I'll have to sort this out before we get to the finish.
Can you do a mid week update as well. Mine seem to come back from their highs late in the week.
Project 1080.
The project: 10 IPs in 80 mths.
Hi all, it's indeed interesting & should be humbling too! Seems I never learn. At the moment, I'm catching more falling knives & insult upon injury, the stock I decided to sell out of rose 30% while the one I got into went backwards 30%
Happy hunting everyone,
KY
Happy hunting everyone,
KY
ah yeah it's all good fun - im using this a test bed for a new strategy i'm using.
Checked the closing prices of my shares today (as I do most days)
FMG
2183 shares brought at 4.58 = 9998.14 (no brokerage for buys or sells).
Closed today at $4.15 = 9059.45
Therefore tomorrow afternoon if FMG share price closes at $4.12 or below at the end of the day. I will issue a sell signal (email to GG)
My risk management strategy is up to 10 positions of equal portions and if the share closes down 10% I sell.
My thinking is Lily House is managing her money is a similar fashion to me with purchases of around $12,500 so she will have 8 positions on when fully invested.
Sheryn
FMG
2183 shares brought at 4.58 = 9998.14 (no brokerage for buys or sells).
Closed today at $4.15 = 9059.45
Therefore tomorrow afternoon if FMG share price closes at $4.12 or below at the end of the day. I will issue a sell signal (email to GG)
My risk management strategy is up to 10 positions of equal portions and if the share closes down 10% I sell.
My thinking is Lily House is managing her money is a similar fashion to me with purchases of around $12,500 so she will have 8 positions on when fully invested.
Sheryn
I've just realised that last week i didn't send through my order to buy MRM. bugger missed out on all that gain in the game.
Bought a swag for myself a few weeks ago tho so i guess that is a lot better.
OSS
missed out on all that gain in the game.Bought a swag for myself a few weeks ago tho so i guess that is a lot better.
OSS
Hi, I probably need some therapy. I'm spending the day checking the share prices in case I miss anything!
One day, every 15 mins, my portfolio jumped 4 thousand. Today was more subdued but has anyone noticed that Thursday is profit taking day?
I'm very new to the Australian stock mkt, my experience honed overseas but it's behaving in a rather predictable manner.
Enjoying it hugely,
KY
One day, every 15 mins, my portfolio jumped 4 thousand. Today was more subdued but has anyone noticed that Thursday is profit taking day?
I'm very new to the Australian stock mkt, my experience honed overseas but it's behaving in a rather predictable manner.
Enjoying it hugely,
KY
I'm just cash at the moment (in the game), liquidated final holdings Tuesday morning.
The market is turning to continue it's downward spiral in my opinion, probably to new lows.
I am waiting for gold to come out of a triangular wedge to the north or south, if it breaks out to the north or starts looking like it will I will start trading my gold stocks again, otherwise might just sit on my profits and think it out.
While I appreciate everyone has a different strategy and different strategies work over different time frames, I don't think a buy and hold position is going to work well over the remaining couple of months.
The market is turning to continue it's downward spiral in my opinion, probably to new lows.
I am waiting for gold to come out of a triangular wedge to the north or south, if it breaks out to the north or starts looking like it will I will start trading my gold stocks again, otherwise might just sit on my profits and think it out.
While I appreciate everyone has a different strategy and different strategies work over different time frames, I don't think a buy and hold position is going to work well over the remaining couple of months.
depends what you're in there hobo-jo.....
I dont know about new lows but just a heads up for those that have real skin in the game.
The FTSE has justed added Korea as a 'developed nation' for its index funds.
Korea's weighting in the FTSE Developed Asia Pacific ex Japan weighting will be approximately 25%
Australia's weighting will be pushed down from 53% to around 45%.
This should result in passive outflows of around AU$600million but more importantly active outflws of around AU$4 billion.
Reclassification takes place on Sept 18, so expect volatility in the days leading up to that date.
Now obviously there are many catalysts in a market, but this one is quite a large negative.
For the investors out there, it could represent good short term buying opportunities arising over the next two weeks.
mmmm might be time to re-think my MGX, FMG and MCR positions.
It will only effect the market heavies directly (think top 50 market cap), however it could have a pull effect on the market thereby indirectly effecting other stocks through negative market sentiment.
As i mentioned above there are many catalysts though that have push/pull effects on the market as whole.
Personally i dont give a stuff either way, ive got my intrinsic valuations, and the market can do as it pleases in the short term. However i do pay attention to such pieces of information, not because it will make me sell today in the hope of buying tomorrow, but rather it creates a possible window of opporuntity to pick up stocks when other people are thinking short term.
As i mentioned above there are many catalysts though that have push/pull effects on the market as whole.
Personally i dont give a stuff either way, ive got my intrinsic valuations, and the market can do as it pleases in the short term. However i do pay attention to such pieces of information, not because it will make me sell today in the hope of buying tomorrow, but rather it creates a possible window of opporuntity to pick up stocks when other people are thinking short term.
