Portfolio of the Week

[Lyehopper]

Teamwork! I like that....

I like that new rule Lye. It's realistic that one can't find something to play, and will only help the bottom line I think.

An additional rule of limit order would be nice. For those stocks with wide spread and you want a smart entry for it.... but it does make it a bit more work having to set an alarm.

If you like, I can track all limit orders and either call the real-time fill, or if I'm away from the keyboard, research time and sales when I'm back to ensure the fill took place.

NOW that's a deal Spike! I really want to allow limit orders but I beleive it will take too much of my time and I think it can become complicated if guidelines aren't set..... BUT.... If you'd track those for me that would be AWESOME and we could allow limit orders starting next week!

So a player could post his "intent to play" by posting one of the following:

(1) a "cash" position,
(2) a buy/short at "open" position
(3) a buy/short real "time of posting" position
(4) a buy/short "limit order".... If the limit did not fill the player is safe and simply parked in "cash" till the limit fills.

I DO however, think the limit play should count as (1) one of the players picks though, if it dosen't fill he must "live with it" or modify the play (or change the play alltogether) and that would count for his (2nd) second pick.

Example: A player sets a limit buy on AMLN for $40.30 today. He sees the stock come within 9 cents of the limit and reverse, he wants to play the stock and thinks it will NOT return to the limit this week so he posts..... "Cancel my AMLN limit buy.... and buy AMLN at market" he posts at 12:25 pm so he's entered @ $40.76.... In my opinion that constituted BOTH of that players picks for the week. too harsh?

What are your thoughts on this, since you'll be keeping up with it anyway. You see how complicated it could become if a player continuously changes and screws around with their limits, right?

edit... NOTE: a player is allowed to modify or change his pick (or limit) without recourse as long as he does it before the market opens Monday morning.

[Lyehopper]

My Pick....

ESLR short.....

[Karel]

Karel Maybe we need a monthly contest like the Aussies have, ...

Lye, I don't really mind. And I like Spike's Portfolio of the Year idea even better than a POTM. I hope his idea takes off too!

Regards,

Karel

[Lyehopper]

Lye, I don't really mind. And I like Spike's Portfolio of the Year idea even better than a POTM. I hope his idea takes off too!

Regards,

Karel

But on the marketocracy portfolio we can't see the other players actual picks unless we pay right?.... I looked at yours and only saw the totals.... for all I know you really made those returns shortselling STSI or something like that. I can get more clearcut info from Jazztelinano than from that website dude....jejeje

[skiracer]

SIFY - long at 3:15 pm

[spikefader]

OK, Lye, here's what we can do with limit orders. Player posts the limit order in the thread at say 10:00am. At 10:01 I check time and sales and the limit price must have traded after 10:01 for the fill to be valid. Now, if MM or Karel want to modify the post time to include seconds, then I can track it by seconds.......

As far as modifying a limit order, I think it's fair (and not too much work) to allow a player 1 chance to change a limit order to a market order without burning a trade. So that way you get a chance for a patient entry, but if you just want 'in' you can opt for that market order and there's your 1st trade.

[Lyehopper]

AXJ long. See if this one gets me into green.

Happy holidays!

Micky

Mickey DUDE! bloody day for your pick huh?

[Lyehopper]

Tuesday's Scorecard....

Well fellas this week has started off mighty red ain't it?....

I took the liberty of entering $$$Mr. Market$$$'s pick QSII in the contest this week. I can't seem to get that #$%* to play with us so I just forced him into playing this week.... like it or not. He got booted off IBD.... and booted onto the POTW all in the same day....hahaaaaaha Ernie, DUDE!!!! you don't need IBD anyhow. You've got "it all" right here....jejejeeeee

[Lyehopper]

....Anyway, I'm sticking with AMLN long again for the Christmas POTW.

Jiesen.... I bought a little position of AMLN last week.... and for the first time I'm watching it's action closely. This is a great stock to day trade ain't it dude? Pretty predictable IMO. I watched the chart this morning and as that triangle formed I said to myself.... "She'll drop any minute" and sure enough she did. Then @ 11:00 I said "bout time to rebound" and sure enough there she goes upward again.hehehe.... I'm gona try to daytrade this thing tomorrow for the heck of it.

[MickyMouse]

First place so far? NO CONTEST

FINALLY, I got into first place, (lossing money the most contest), with my huge pick AXJ. Let me stay the course and see how ugly it will be.

Micky

[Websman]

CDV sucks. Maybe it's time for me to find another short pick.

[Websman]

I want to sell CDV and go short on GRMN, thurs morning.

[Gatorman]

Sell PAY tomorrow morning and take AAPL long.

[Lyehopper]

FINALLY, I got into first place, (lossing money the most contest), with my huge pick AXJ. Let me stay the course and see how ugly it will be.

Micky

Don't sweat it buddy.... happpens to us all.... Just glad you're playin.

[skiracer]

Lye,
Sell SIFY and buy PETS - long please at the open. Thanks.