Portfolio of the Week

[Rob]

Lawd ...

Well that IMCL buy earlier today ought to help ease the pain of the VECO blunder. Nice pop.

[spikefader]

Well that IMCL buy earlier today ought to help ease the pain of the VECO blunder. Nice pop.

Nicely done, dude! It seems you caught the handle perfectly.

[Rob]

Looking For A 2nd Wind

Nicely done, dude! It seems you caught the handle perfectly.

Well, I was hoping that little rally was going to have longer legs that that! I still think it ought to do alright for the rest of the week. I'm shootin' for 40.

[Rob]

Today's Results

Here are today's results. Lyehopper was all up in my face today about some of the opening prices, and as a result some of them have been adjusted. It seems that the price Yahoo reports as the opening price for the current day, while it may not be in agreement with most other resources, is corrected by the time it goes into their "historical quotes" database.

As you can see, the mighty and formidable Gatorman has performed his death-roll on all of us, and with FTEK whipping that awesome tail, he propelled his way into the catbird seat. Super pick, Gator-dude!!!

Ol' steady-as-she-goes Karel has risen convincingly to 2nd place with that danged CMCO. Doesn't that stock ever go down? (Well, there was last week.) Smooth, Karel, smooth!

And then there's Spikefader, who decided, "Hey, this shorting thing is working really good! Why not stick my hand back in that bucket again, and see how much I can grab this time?" so he shorted the bejeebers out of PQE, and dang if he ain't up better than 3%! Good move, Spike! I'd take my hat off to you, but it's been too cold around here lately. Some other time.

Look out. That IIC guy, whose picture looks strangely similar to Mel Gibson, is hot on your heels.

[Websman]

The VTP has came up with a very strong pick. This is the one that will get me the win. I'll announce it later tonight.

[Lyehopper]

Scorecard looks geat Rocker-Rob! and BIG too!!!!

It is very interesting how Yahoo corrected yesterday's opening data by today ain't it dude? Out of 21 players Yahoo showed the incorrect open price for Five (5).... Can you beleive it? a 23.8% error rate!!!! WOW!!!! YAHOO just plain out SUCKS!

Rob.... You on the other hand are HUUUUUGE!!!! The scorecard looks perfect! and I liked your commentary too DUDE.jejeje

Let's hear it for ROB!!!! FELLAS!!!!

hmmmmmm.... Hey Gary!.... wonder how long before he's in the point's lead?....heheheeeeee

[spikefader]

heh Thanks Rob, I think it's a miracle I'm still green after today....maybe just a sick puppy.

Nice write up dude; yer makin' it interesting and more fun, which is what it's all about.

lol @ Webs. The suspense is torture dude. What is it! hehe

[scifos]

Here are today's results.

Rob, how are you calculating "'Net Gain" for people who have had multiple positions? It looks like you are just adding the two together. Ex. For you, you have (-11.29 + 1.94) = -9.35%

I think its a little misleading. If your portfolio for the week lost 11.29%, then gained 1.94% you'd be at -9.56% (NOT -9.34%)

Look at it this way: if you invested $1 and lost 11.29% you'd have $0.8871 (1*(1-.1129)). Then you invest the $0.8871 and gain 1.94% and end up with $0.9043 (0.8871*(1+.0194). Your "Net Gain/Loss" is -9.56%
(100*(0.9043/1)-1).

For NBB:
-1.71% loss then -3.46% loss:
(1-0.0171) * (1-0.0346) = 0.9489
100*(0.9489-1) = -5.11%

[Rob]

Figuring

I know what you're saying, Scifos, and you are right, I'm simply adding the two figures together. I had this conversation with Lyehopper (or one close to it) and he said that's the way he's always done it, so that's the way I'm doing it.

[IIC]

Rob...that's strange...You are the first person who ever noticed a resemblance between Mel Gibson and I...Wonder how many people tell Mel..."Hey Mel...'Ya know you look a lot like IIC"

[scifos]

I know what you're saying, Scifos, and you are right, I'm simply adding the two figures together. I had this conversation with Lyehopper (or one close to it) and he said that's the way he's always done it, so that's the way I'm doing it.

Its fine, you can do it however you want. But I just thought it was weird that when someone goes into a second position you pretend there was no first position. It makes little difference, unless there are some really high % gain/loss values, and the computation is much more complex doing it the 'reinvesting way'.

[Lyehopper]

Yo Rob.... I'll take this one.

I think its a little misleading. If your portfolio for the week lost 11.29%, then gained 1.94% you'd be at -9.56% (NOT -9.34%)

Look at it this way: if you invested $1 and lost 11.29% you'd have $0.8871 (1*(1-.1129)). Then you invest the $0.8871 and gain 1.94% and end up with $0.9043 (0.8871*(1+.0194). Your "Net Gain/Loss" is -9.56%
(100*(0.9043/1)-1).

It is not misleading Scifos.... Let's see. hmmmmm.... How can I explain this so a bright college boy can understand?..... OK!.... Look at it this way.... If you had $100 and you lost $10 in the stock market.... Now you've got $90 RIGHT?.... Then you go to your Mom and say "Hey Mom DUDE!!!! I need to hold $20 to invest!!!!"..... So Dear old Mom gives you a "20 spot".... Then you head to the nearest 7-11 and score a 12 pack of Bud and a large pack of peanut M&M's, a nice slim "blunt" from a buddy.... and roll on back to the dorm and check out dirty pictures in the internet for the rest of the evening. NEXT day.... you deposite the other $10 bucks back into your brokerage account and started fresh with $100.... Well that's kinda-sorta how the POTW works DUDE!!!! We all play by the same rules we all have the same chance to win (or lose) by those rules.

Now when you wanna be the scorekeeper and set the rules, just holler out!

[scifos]

It is not misleading Scifos.... Let's see. hmmmmm.... How can I explain this so a bright college boy can understand?..... OK!.... Look at it this way.... If you had $100 and you lost $10 in the stock market.... Now you've got $90 RIGHT?.... Then you go to your Mom and say "Hey Mom DUDE!!!! I need to hold $20 to invest!!!!"..... So Dear old Mom gives you a "20 spot".... Then you head to the nearest 7-11 and score a 12 pack of Bud and a large pack of peanut M&M's, a nice slim "blunt" from a buddy.... and roll on back to the dorm and check out dirty pictures in the internet for the rest of the evening. NEXT day.... you deposite the other $10 bucks back into your brokerage account and started fresh with $100.... Well that's kinda-sorta how the POTW works DUDE!!!! We all play by the same rules we all have the same chance to win (or lose) by those rules.

Now when you wanna be the scorekeeper and set the rules, just holler out!

Heh, you're a pretty funny DUDE!!!! lyehopper.

Yeah, I know that you and now Rob are baseing the Net Gain on the idea that the player would have the same cost basis for each pick (ie add money after closing a loser or subtract money after closeing a winner). Like I said, your accounting methods are fine with me, and OF COURSE I KNOW WE ARE ALL PLAYING UNDER THE SAME RULES!

[IIC]

Lye...Could you go back to the beginning and recalculate everyone's totals using the compounding method...I'm just curious to see if Webs really did win 7 times last year...Thanks...Doug

[Lyehopper]

Webs is even greater when "compounded"!!!!

Lye...Could you go back to the beginning and recalculate everyone's totals using the compounding method...I'm just curious to see if Webs really did win 7 times last year...Thanks...Doug

OK.... I did it Doug.... and when I compounded the scores Webs finished first 9 times!.... Shall I go back and post them? or just PM the totals to you.jeje

VTP forever!