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Tipping Competition for Full CY 2019

Discussion in 'ASX Stock Chat' started by Joe Blow, Dec 4, 2018.

  1. barney

    barney

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    Lol … very funny …… and a situation I and many others no doubt often replicate:blackeye::depressed:
     
  2. peter2

    peter2

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    We have 49 entries in the 2019 CY Comp.

    Although this is 36% more than last year I'm disappointed we didn't get more.

    Popular selections for 2019:
    5: APT, SLR
    4: GAS, SAR
    3: A2M, ANZ, D20, EVN, NAB, PLS, PNV, RMS, RSG, SPL, TER

    We respect your privacy and will not subject your selections to any psychological or psychiatric analysis. ;)

    Please check that you're included (I did omit a few last year) and that your selections are correct.
    ASF2019CY.PNG
     
  3. systematic

    systematic

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    Anyone got money magazine last November issue? Think that one had Martin Roth top 5 for 2019. I forgot to pick it up.

    Couldn’t find skaffold in 2018 or 2019
     
  4. systematic

    systematic

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    @peter2

    Lincoln indicators this year conveniently picks 4 ‘star growth’ stocks for our guest list:

    ALU Altium
    APX Appen
    IEL IDP Education
    SAR Saracen Minerals

    Source
     
  5. Sdajii

    Sdajii Sdaji

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    Thanks for doing this, Peter! Most people would be pleased with a 36% increase on the previous year with most things! I think that's pretty good!

    Is there some sort of leaderboard like the monthly competitions, or do we just wait around in the dark until January next year? (sorry if it's right in my face and I'm blind!)
     
  6. peter2

    peter2

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    There'll be updates showing everybody's progress at the end of each month.
    The top 10 equity curves and even the top 10 stocks may be shown as well.
     
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  7. Smurf1976

    Smurf1976

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    I'll be in next year.

    I was going to enter, then read the rules on 31 December and noted that it was 4 stocks not one so didn't enter, then read the bit about time being extended after the new deadline had just passed.

    Having already stuffed it up so comprehensively I decided to quit whilst I'm behind. :oops:

    Next year I'll give it a go. :xyxthumbs
     
  8. barney

    barney

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    Ok … Further below I have another of my random suggestions … Bear in mind I'm only trying to help:p

    The value that the yearly stock picking comp could add to @Joe Blow and the ASF site in traffic and postings etc should not be underestimated …. The more entries the better full stop!!

    To close the Comp entries down at this point given the advertising opportunity our new Sponsor has given us seems counter productive … (Yeah I know we all have rules to follow, but there are alternatives here;))

    Lets use @Smurf1976 as an example (sorry Smurfo_O) ….. Long standing Member who posts some brilliant stuff across the site … who miscalculated a bit with his entry:D heck, I almost missed putting mine in because I was too busy writing about how good the new Sponsor was!! lol …. therefore I want Smurf involved simply because it helps ASF.

    Any way, my suggestion off the top of my head is this ……

    1) Entries are due by 31st Dec as specified … however …
    2) Late entries are accepted (say 4 weeks from the initial closing date) with a slight penalty depending on how late.
    3) Entry up to 1 week (7 days) late incur a 5% total port folio penalty at the end of the comp.
    4) Up to 2 weeks late incur a 10% penalty
    5) up to 3 weeks late incur an 15% penalty
    6) Up to 4 weeks late a 20% total port folio penalty.
    7) Any Stock chosen late which has dropped is registered for the Comp at the 31st December SP
    8) Any Stock chosen late which has risen is registered at the closing price SP on the day of entry.

    Obviously the above etc could possibly be fine tuned to work better with more input from others.

    Also, apologies @peter2 if this makes everything more difficult to compute.

    Another positive to the above is that new members who have just joined could still get involved in the Comp.

    Thoughts Joe/Peter/others??​
     
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  9. Darc Knight

    Darc Knight Investor not Trader

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    I'm willing to give my entries to any late comers :p A bigger dogs breakfast you haven't seen :D
     
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  10. barney

    barney

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    LOL ….. :D … Long time between now and 2020 DK;)
     
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  11. Sdajii

    Sdajii Sdaji

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    This is just getting too complicated and sort of spits on the integrity of it. Changing rules after something has begun is very poor form. Shall we also have an entry at the end of June with a 50% penalty?

    The first time the full year competition happened I missed out because as with many people it was a busy and chaotic time of year for me and it was started very late in the year, I missed out last year because I spent December 2017 incapacitated or in hospital and that was just unfortunate for me. This year I joined in. I definitely think it's worth putting more promotion into it earlier in the year rather than leaving it until that crazy time of the year when many people are too busy and distracted to notice, only to calm down after the silly season and see it just after they've missed out.
     
  12. Logique

    Logique Investor

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    Has to be the same rules for everyone I guess. But I'd have no problem if the organizers chose to look the other way in Smurf's case, if he changes his mind and decides to enter.
     
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  13. explod

    explod explod

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    Perhaps run with the financial year when it can be sorted
     
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  14. So_Cynical

    So_Cynical The Contrarian Averager

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    Im ok with Smurf as a one off, nice even 50 entrants then as well.
     
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  15. jbocker

    jbocker

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    Hate seeing people missing out, in particular in Smurfs case, a great contributor.
    Maybe a LAST CALL. Enter tips you get the greater price: current price or 31 Dec 2018 price if prices have dropped.
    BUT only with Peter2 and Joe (and sponsors?) blessing. To whom I pass on my sincere thanks for running this competition and apologies for the inconvenience offered in supporting this suggestion.
     
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  16. Darc Knight

    Darc Knight Investor not Trader

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    Last thing we want is a sad Smurf

    [​IMG]
     
  17. SirRumpole

    SirRumpole

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    I'd like our protagonists in the "Education of an Investor" thread to have a go. :)

    Lay in on the line for the future instead of analysing the past.
     
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  18. systematic

    systematic

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    December price for late entrant or current price if the stock has since gone up.

    I think I’ve suggested before...as long as you had the resources (ie those willing to manage it)...there’s no reason you can’t run overlapping annual comps. Start one in July. Or you could do quarterly. Or if that much interest , monthly.
     
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  19. barney

    barney

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    Yeah I understand your points Sdajii …… I missed out last year as well and agree the time of year can make it easy to miss with so much going on. Last year I had no problem missing because I just "missed it" …..

    My motivation for having a late entry clause this year is simply because Joe is looking for angles to get ASF back up to speed, and the Competition with what is pretty good prize money potentially gives him some advertising clout to utilise.

    I just think, being a FREE yearly Comp (if it were a paid entry Comp, that would be totally different), that any change to the Entry rules which benefits ASF in general should be considered. If a slight modification in rules brings in more participants I see that as a win to all of us in the long run. Cheers.

     
  20. Sdajii

    Sdajii Sdaji

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    At the end of the day I don't care what happens, I won't lose sleep over it either way, but spitting on the rules kills the integrity and cheapens the whole thing. I'd lose respect for the site if it was run that way. Others may see it differently, that wouldn't surprise me, this forum is indeed moving in the direction of 'let's all be happy and lovey and fluffy together and not worry about facts, figures, evidence and oh, yeah, this used to be a forum about stocks, economics and analysis and stuff, huh, how strange that is', but if that's what everyone wants that's fine. If it becomes a lefty safe place where everyone gets a prize for turning up I'm sure somewhere else will be happy to host more of a facts and figures style forum. I do like the history of this forum and would sort of like it to be what is was, but it will be what it becomes and accordingly I'll go to/stay wherever suits me.
     
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