TA vs. FA ..... a contest

[billyjoe]

RL,
Well Ray, I'm not sure what happened , but I think we successfully met another challenge. This supervising takes a lot out of a fella. I'm splitting my final 6 pack of ice cold Crystal Rock Pilsner brewed with genuine Lake Erie spring water with you. Lets kick back in the our old Lazy Boys, turn on the tube, and ponder our next moves. Maybe we should give Jiesen a bonus in addition to his regular salary for a job well done.

billyjoe

[RL]

Billy thanks for the crystal rock just In time you sure know how to take care of your team mates.Spike should have tried your method he has been asking his team just to verify they know who he Is.

[jiesen]

RL,
Well Ray, I'm not sure what happened , but I think we successfully met another challenge. This supervising takes a lot out of a fella. I'm splitting my final 6 pack of ice cold Crystal Rock Pilsner brewed with genuine Lake Erie spring water with you. Lets kick back in the our old Lazy Boys, turn on the tube, and ponder our next moves. Maybe we should give Jiesen a bonus in addition to his regular salary for a job well done.

billyjoe

yes it does appear that we squeaked by with about a 1% lead on the TA folks. I could definitely use a cold one after that! This captaining business is tough work.

[jiesen]

Maybe we should give Jiesen a bonus in addition to his regular salary for a job well done.

oh yeah, and before I forget, I'd like an options package too, with an option to reprice the options should they decline in value.

[billyjoe]

Jiesen,
You've got the entire package. Options, options on the options, a bonus, your regular salary, and a case of liquid refreshment of your choice. Just don't jump ship. You're the Joe Torre of captains , but unlike his boss , we'll stay out of your hair. Me and the silent partner , that is.

billyjoe

[billyjoe]

Spike,
Hope you know we're just teasing you. After all , without you there would be no competition. But didn't your mother ever tell you to watch out who you associate with?

billyjoe

[spikefader]

yuk, this contest has truly degenerated on day 2. it went from a contest of well-thought out plans, to a second day of one-upmanship just trying to see which team could lose the least. I must applaud my team, though for the perfect 100% participation.

I'll say it's definitely been educational, as well as entertaining, and I can't wait to see how it turns out in the next 10 minutes.

Well congrats FAers! Wasn't so easy though was it harhar I hope part of that education jiesen, is never count yer eggs before they're hatched.

But seriously, I agree 'yuk' for the pathetic input from the guys. Maybe they had emergencies to attend to. Maybe they lurked and refused to participate. I'm sure we'll hear it soon enough. But go easy on those harsh descriptions. The single pick today was based on a solid TA plan, in good spirits, in the absence of the team, and to not give up in the face of apparent hopelessness because of non-input and frankly pretty poor entries from some of us yesterday, and TA almost won it from you guys. Whether it counts as good competition in your eyes or simply as one-upmanship and losing the least is a curious question. I could have exited at resistance, and THAT would have been trying to lose the least. But I didn't. I was happy to let the cards fall where they were based on the TA; something I'm dissapointed YOU didn't do with your FA picks. This wasn't really a FA vs TA battle. This was a daytrading battle, where the majority of the TA traders failed to show up! I guess I imagined you FAers would confidently make a pick and stand your ground for the length of the competition, estimating fundamental value and FA targets, not what actually happened.
But anyway, blah blah blah............I had fun in the face of the cockiness I saw and the criticism of my entry, and I'm sorry that you feel such negativity about it.

Anyway, I will look forward to a better planned out contest, and where the participants don't go AWOL, and where any FA entry is going to be given a chance to prove itself over a longer period of time, where rules say you can't sell it unless the fundamentals of it change or it's obviously overvalued for the impressive daily move it has made.

[B.J]

Spike, your avatar is still a bull???

[spikefader]

Spike, your avatar is still a bull???

oh, no....thanks for the reminder dude. Fergot the change it with all this competition stuff. Didn't post that vector turned bearish at close on Monday, and I turned sleeping bull that night. After today's action, I'm a fully fledge bear that is -- obviously late to the party IIC may remind me, but nonetheless there it is. Hard to be bullish or sleeping bull in the face of this.

[jiesen]

Well congrats FAers! Wasn't so easy though was it harhar I hope part of that education jiesen, is never count yer eggs before they're hatched.

But seriously, I agree 'yuk' for the pathetic input from the guys. Maybe they had emergencies to attend to. Maybe they lurked and refused to participate. I'm sure we'll hear it soon enough. But go easy on those harsh descriptions. The single pick today was based on a solid TA plan, in good spirits, in the absence of the team, and to not give up in the face of apparent hopelessness because of non-input and frankly pretty poor entries from some of us yesterday, and TA almost won it from you guys. Whether it counts as good competition in your eyes or simply as one-upmanship and losing the least is a curious question. I could have exited at resistance, and THAT would have been trying to lose the least. But I didn't. I was happy to let the cards fall where they were based on the TA; something I'm dissapointed YOU didn't do with your FA picks. This wasn't really a FA vs TA battle. This was a daytrading battle, where the majority of the TA traders failed to show up! I guess I imagined you FAers would confidently make a pick and stand your ground for the length of the competition, estimating fundamental value and FA targets, not what actually happened.
But anyway, blah blah blah............I had fun in the face of the cockiness I saw and the criticism of my entry, and I'm sorry that you feel such negativity about it.

Anyway, I will look forward to a better planned out contest, and where the participants don't go AWOL, and where any FA entry is going to be given a chance to prove itself over a longer period of time, where rules say you can't sell it unless the fundamentals of it change or it's obviously overvalued for the impressive daily move it has made.

Spike, I hope you take all of my comments here with a good grain of salt (actually I know that you do) and if I may expound on what I said earlier, any negativity I spouted was actually self-directed, for my own poor judgement- no reflection of your methods at all. Yours was the correct move to recapture the lead from where you stood- and I foolishly jumped into the fray again despite my actual plan to stay put. The degeneration I spoke of came directly from me, and as captain- the buck stops here, so to speak.

You're 100% right in the assessment that our side turned from FA to just plain old daytading, and I take 100% of the blame for that.

As for the cockiness- well, we still won, so NYAH!! (I mean NARF!!!)

[jiesen]

oh yeah, and right on with the chickens...

[spikefader]

lol jiesen.

OK, cool.

[spikefader]

Spike,
Hope you know we're just teasing you. After all , without you there would be no competition. But didn't your mother ever tell you to watch out who you associate with?

billyjoe

heh, ya, well I'm just glad my head wasn't handed to me today with price movement. And yes, she did, and so does my pastor! I never listen to 'em though; I'm always tryin' to save the world harhar.

[skiracer]

Well congrats FAers! Wasn't so easy though was it harhar I hope part of that education jiesen, is never count yer eggs before they're hatched.

But seriously, I agree 'yuk' for the pathetic input from the guys. Maybe they had emergencies to attend to. Maybe they lurked and refused to participate. I'm sure we'll hear it soon enough. But go easy on those harsh descriptions. The single pick today was based on a solid TA plan, in good spirits, in the absence of the team, and to not give up in the face of apparent hopelessness because of non-input and frankly pretty poor entries from some of us yesterday, and TA almost won it from you guys. Whether it counts as good competition in your eyes or simply as one-upmanship and losing the least is a curious question. I could have exited at resistance, and THAT would have been trying to lose the least. But I didn't. I was happy to let the cards fall where they were based on the TA; something I'm dissapointed YOU didn't do with your FA picks. This wasn't really a FA vs TA battle. This was a daytrading battle, where the majority of the TA traders failed to show up! I guess I imagined you FAers would confidently make a pick and stand your ground for the length of the competition, estimating fundamental value and FA targets, not what actually happened.
But anyway, blah blah blah............I had fun in the face of the cockiness I saw and the criticism of my entry, and I'm sorry that you feel such negativity about it.

Anyway, I will look forward to a better planned out contest, and where the participants don't go AWOL, and where any FA entry is going to be given a chance to prove itself over a longer period of time, where rules say you can't sell it unless the fundamentals of it change or it's obviously overvalued for the impressive daily move it has made.

Ya know the FA guys put in as poor a showing for their fundamental approach to trading as anyone could imagine. As far as giving a representative picture of what the fundamental side of it is all about they couldn't have been farther from the definition. Except for a couple of their first picks an explanations they didn't come close to what they would or could call a fundamental based disciplined style or strategy. They won the contest but it was a phryicc victory in that they reverted more to the technical approach to do it and left any consideration of what they're supposed to be about in the dust. To be honest I lost interest in what I thought was going to be an interesting event between the two factions. I thought the TA side initially tried to present ourselves according to our discipline and base type of strategy but in all respect for honesty I couldn't give the same credit to the FA side. They lapsed into some strategy which was as far from what they are supposed to be about as one could imagine an it was much closer to the technical side of trading but even at that without any predetermined plan other than to get lucky and hope that they might make enough to beat us in any way that they could thus enabling them to proclaim that the fundamental approach is a better plan.
I haven't lost interest in having another run at it with them but we need to set some parameters and rules to govern ourselves and how we go about it for sure. So in the interest of gamesmanship I guess I have to swallow all of this and congratulate those guys for pulling it off anyway they could even though in my opinion they veered way of the fundamental course and discipline which was one of the main factors in all of this. Congratulations on your win guys. You certainly taught us TA guys a lesson.

[jiesen]

Ya know the FA guys put in as poor a showing for their fundamental approach to trading as anyone could imagine. As far as giving a representative picture of what the fundamental side of it is all about they couldn't have been farther from the definition. Except for a couple of their first picks an explanations they didn't come close to what they would or could call a fundamental based disciplined style or strategy. They won the contest but it was a phryicc victory in that they reverted more to the technical approach to do it and left any consideration of what they're supposed to be about in the dust. To be honest I lost interest in what I thought was going to be an interesting event between the two factions. I thought the TA side initially tried to present ourselves according to our discipline and base type of strategy but in all respect for honesty I couldn't give the same credit to the FA side. They lapsed into some strategy which was as far from what they are supposed to be about as one could imagine an it was much closer to the technical side of trading but even at that without any predetermined plan other than to get lucky and hope that they might make enough to beat us in any way that they could thus enabling them to proclaim that the fundamental approach is a better plan.
I haven't lost interest in having another run at it with them but we need to set some parameters and rules to govern ourselves and how we go about it for sure. So in the interest of gamesmanship I guess I have to swallow all of this and congratulate those guys for pulling it off anyway they could even though in my opinion they veered way of the fundamental course and discipline which was one of the main factors in all of this. Congratulations on your win guys. You certainly taught us TA guys a lesson.

hmm, well let's try to put some perspective on this, ski. it is just a 2-day contest, after all. and for FA, that's a pretty tough restriction. not that your points aren't valid, but I submit to you this:

All of the FA picks were written up (or at least reasons given for picking them) with the exception of RL's pick because darts don't come with instructions. Only thing is the BMD report got eaten by Lye's dog. (oh yeah, and the GIL report was super-secret for my eyes only)

There were plans in place for the trades, and they did get executed in a fashion- I intended to sell if and when we were in the green, and did just that. (I count shorting ENER because oil is taking a dive as FA)
I also had a plan for re-entry of the 40% BMD at or below the 5.5 sale, which also happened, but just didn't pan out as the overall market happened to take a big dump on us all. Again- 2 days is pretty short for this contest.

But the #1 factor that in my mind made the contest a success for us was that each one of our team contributed at least one solid pick. Even though we're all busy, and it's just for kicks, and it didn't come out as nice as anyone would have liked... at least we all gave it a shot and had fun and learned something.