Pick Of The Week Contest

[peanuts]

delete delete delete

[peanuts]

delete delete delete

[peanuts]

delete delete delete

[peanuts]

delete delete delete

[peanuts]

reserved for future use

[riverbabe]

Hello Peanuts, my love, I notice you do not include any rules re. IPO's, which was a subject of discussion when Rob was modertor. Riverbabe

[IIC]

I admire your fortitude Peanuts...But I'm gonna take a pass on any more contests next year...The way I trade is not conducive to contests...Has nothing to do with anyone here...But I intend to concentrate more on my own trading in 2007..."Get In...Get Out...Get It Over With" seems to be where I do best.....Best, Doug(IIC)

[skiracer]

I admire your fortitude Peanuts...But I'm gonna take a pass on any more contests next year...The way I trade is not conducive to contests...Has nothing to do with anyone here...But I intend to concentrate more on my own trading in 2007..."Get In...Get Out...Get It Over With" seems to be where I do best.....Best, Doug(IIC)

Doug,
It's only a game. 95 % of the players don't own what they play and have no real interest in the outcome except wanting to win. What does it take to make one or two selections a week if you own them or not. Throw a dart every week. You cannot say that you did not enjoy the notoriety you gained with some of the come from behind winners that you had this year and remember the "Iceman" moniker that Rob coined just for you. You played that out to the max. Is the ice in the Iceman's veins starting to melt or what. Your final percentages for this year are among the highest of the whole group regardless of your basic style of trading. Besides, I think Peanuts is going to let us curse this year.

[dmk112]

I'll take BDCO long. OIL stock which should get discovered.

[peanuts]

Hello Peanuts, my love, I notice you do not include any rules re. IPO's, which was a subject of discussion when Rob was modertor. Riverbabe

Thanks sweetness, I have ammended rule #7 to reflect the manner in which an IPO may be played. It is the only time that limit orders will be accepted.

[peanuts]

.... Besides, I think Peanuts is going to let us curse this year.

It's not against the rules :p But, discretion should be used when choosing the way one should represent themselves in a public forum.

[peanuts]

I'll take BDCO long. OIL stock which should get discovered.

OK, DMK, I have your first weekly pick as BDCO, long. The contest will begin on Jan 2, 2007. You have until then to change your first entry.

[IIC]

Doug,
It's only a game. 95 % of the players don't own what they play and have no real interest in the outcome except wanting to win. What does it take to make one or two selections a week if you own them or not. Throw a dart every week. You cannot say that you did not enjoy the notoriety you gained with some of the come from behind winners that you had this year and remember the "Iceman" moniker that Rob coined just for you. You played that out to the max. Is the ice in the Iceman's veins starting to melt or what. Your final percentages for this year are among the highest of the whole group regardless of your basic style of trading. Besides, I think Peanuts is going to let us curse this year.



Yes it is only a game...But I'll admit...I just threw out stox to try to win...I don't want people to actually think I like most of them I throw out for the contest...Because I don't...And the majority of my pix I never trade.

I'd prefer to actually put up some that I am either trading or that I think might be worth a shot...But there is no time.

Now I know that my trading style doesn't really help anyone here...It is too quick for most...And anyway, they can't really benefit from reading what I did 15 mins ago...Nobody is sitting here next to me to see what I am doing.

I try to put up some interesting lists on the weekends for intermediate term traders...But those are rarely what I use for my own trading...As a matter of fact I have no idea what I will be watching tomorrow morning at this point...It is just a matter of time management for me right now...Best, Doug

A week is a long time for a day trader...

[skiracer]

It's not against the rules :p But, discretion should be used when choosing the way one should represent themselves in a public forum.

It was strictly meant as a joke Peanuts. Pointedly sarcastic to some degree but as a joke. Don't be to hypocritical as you have used more than your fair share of profanity in your posts in the past and it never seemed to bother you that you were on a public forum. But I promise that I will be on my best behavior on or off your thread.

[peanuts]

It was strictly meant as a joke Peanuts. Pointedly sarcastic to some degree but as a joke. Don't be to hypocritical as you have used more than your fair share of profanity in your posts in the past and it never seemed to bother you that you were on a public forum. But I promise that I will be on my best behavior on or off your thread.

???huh??? :confused:

hypocritical? Did I pass judgement?

I cuss at times.

Cuss away all that you want, I personally don't care... but some do, and they will judge you...

I'll hold you to that last statement, Ski ;)

[peanuts]

Yes it is only a game...But I'll admit...I just threw out stox to try to win...I don't want people to actually think I like most of them I throw out for the contest...Because I don't...And the majority of my pix I never trade.

I'd prefer to actually put up some that I am either trading or that I think might be worth a shot...But there is no time.

Now I know that my trading style doesn't really help anyone here...It is too quick for most...And anyway, they can't really benefit from reading what I did 15 mins ago...Nobody is sitting here next to me to see what I am doing.

I try to put up some interesting lists on the weekends for intermediate term traders...But those are rarely what I use for my own trading...As a matter of fact I have no idea what I will be watching tomorrow morning at this point...It is just a matter of time management for me right now...Best, Doug

A week is a long time for a day trader...

I bet you will play... The year is long

time management? Dude, it takes 2.34 seconds to type, "XYZ, long"

[scifos]

I hate to always nit pick, but rule #11 seems odd to me. As far as the yearly portfolio goes, wouldn't missing early weeks of the year be more harmful than missing the last few weeks of the year percentage wise (assuming that the port would be growing through the year, if you're a consistant loser then it is the other way around). Would it be more fair to chop off, say 3% of the player's port for each week missed?

Also, I know I've had this argument before almost a year ago when I missed the first few weeks of the POTW, but I was hoping that next time the rules were open for change that we could change it so that players coming into the contest mid-year would not be penalized for all the weeks they have missed. They could be started at 1000, the average port size, $1 less than the smallest port, etc.

On the other hand, if we let people join late without penalty, what would stop someone from joining the contest on the last week (to be extreme) and smacking a 60% winner and winning the contest? Just something to think about.

[IIC]

On the other hand, if we let people join late without penalty, what would stop someone from joining the contest on the last week (to be extreme) and smacking a 60% winner and winning the contest?


Yeah...that sounds like something I would try to do

[peanuts]

I hate to always nit pick, but rule #11 seems odd to me. As far as the yearly portfolio goes, wouldn't missing early weeks of the year be more harmful than missing the last few weeks of the year percentage wise (assuming that the port would be growing through the year, if you're a consistant loser then it is the other way around). Would it be more fair to chop off, say 3% of the player's port for each week missed?...

It is to each player's advantage to begin the contest at the beginning of the year, and to play less risky stocks. It is an aspect of the contest which each player must take into careful consideration. The yearly contest shows each player's long term consistency. The weekly contest within the yearly, is where the fun and wild action exists.

...Also, I know I've had this argument before almost a year ago when I missed the first few weeks of the POTW, but I was hoping that next time the rules were open for change that we could change it so that players coming into the contest mid-year would not be penalized for all the weeks they have missed. They could be started at 1000, the average port size, $1 less than the smallest port, etc.

On the other hand, if we let people join late without penalty, what would stop someone from joining the contest on the last week (to be extreme) and smacking a 60% winner and winning the contest? Just something to think about.

A penalty for not playing the whole year is a must. For each week that you play, you are taking a risk. Your reward is the percentage change. If you risk nothing, then how can you be compared to the other players? There must be a reducing method to the initial portfolio size. The penalty is justified because no risk has been taken up to that point, and it also prohibits scoundrels, like Doug, from coming in the contest in the last few weeks and winning it all with a couple of crazy plays.

Here is a comparison chart of your 3% loss method and the current straight line method. I'd like to hear reasons why one method is more fair than the other. If I get no responses, then the current method will remain:

http://img457.imageshack.us/img457/8573/scheduleofpenaltieshg9.png

[New-born baby]

Peanuts:
I like it! Very nice!! Adding the yearly total dimension should add to the fun with POTW.

[jiesen]

the 3% rule seems to be a bit more logical to me, though the difference is pretty small in the end (who really cares what happens to those starting out at week 42, since they are already down so far?). whatever is easier for the scorekeeper should also be a factor, though.

Peanuts, I really like the setup for your POTW, especially that you're seeking input on the rules prior to the beginning of the contest. This will increase the 'buy-in' factor for the participants, and help make it a more robust and enjoyable game overall! You are HUGE!!!:D

btw- go GFCI! up almost a PENNY today! wooooooooooooooooo!!!!!!!!

[spikefader]

Hi Peanuts,

Looking forward to your version of the stock-picking competition here at MM.

Thanks for stepping up to the plate!

For scoring, may I suggest taking the opening price for the minute following a competitor's post?

Good luck running the show; may it be smooth sailing for ya.

[peanuts]

...For scoring, may I suggest taking the opening price for the minute following a competitor's post?...

Then posts at 3:59 pm would exclude picks from players trying to get the last minute's action. I think this rule will remain the same, unless more people speak up.

Thanks for the kind wishes :)

[Rob]

I like the way it's shaping up, Peanuts! And I like the idea of keeping up with the portfolios in dollar amounts.

When I took over the scorekeeping, I chose to change the rules as little as absolutely necessary, because I honestly didn't expect to do it as long a I did. I said many times that I was just the temporary scorekeeper, and that was the truth. I just didn't realize how long "temporary" was going to last.

I always thought the 5% penalty was a bit steep.

Thanks again for picking it up.

And, Riverbabe, hon, what do you mean "when Rob was the scorekeeper"? I'm not even dead yet, and you're already throwing dirt in my face! :p

[IIC]

Then posts at 3:59 pm would exclude picks from players trying to get the last minute's action. I think this rule will remain the same, unless more people speak up.

Thanks for the kind wishes :)


I think Spike's suggestion makes a lot of sense. If I had nothing better to do I bet I could be in the top 3 almost every week by playing the opening game.

Here's how it works...you get a bunch of pre-m movers. You watch them all for the ones that have the first trade low and then they actually run from the next trade or a few trades later...Happens more often than you think...

You already have your post ready to go with the exception of the ticker symbol...You wait for about 45 secs, type the ticker and click submit.

I must confess...I did that a few times in the contest and it worked well.

A variation is you watch news and if something flies you check what it opened at that minute...If there is enough time and you already have your post sans ticker ready to go then you might be able to catch it...But the timing has to be right or you end up with the next min first trade.

[peanuts]

I thought that you weren't going to play :rolleyes:

[IIC]

I thought that you weren't going to play :rolleyes:

I was just making a suggestion...Doug

[spikefader]

Yeah, it's an easy way to get an unfair advantage in the game. One can post with a couple seconds remaining in the minute, having just witnessed a strong % run, and get all of that % gain after the fact. When I was scorekeeper I took the open of the next 1-minute candle specifically to avoid it.

I think sacrificing last minute trades in the day is 100% worth the improved realism and fairness.

[riverbabe]

And, Riverbabe, hon, what do you mean "when Rob was the scorekeeper"? I'm not even dead yet, and you're already throwing dirt in my face! :p

Sweetest Rob, I can see by your picture that you are definitely not dead!! In fact, I longingly gaze at your picture hanging over my mirrored bath every night. (sigh) River

[peanuts]

OK, here's what's up for debate:

A: Keep the time stamp recording the way it is

B: Change the entry time into a stock to be the opening trade for the stock on the first minute after the time stamp on a player's post

Please tell me, A or B

Thanks

[riverbabe]

I vote for B. Usually I try to enter on a red candle. The following minute might give me an even lower entry.

[Lyehopper]

I think Spike's suggestion makes a lot of sense. If I had nothing better to do I bet I could be in the top 3 almost every week by playing the opening game.
I'll bet you $100 that you can't.... You place in the "top three" for eight weeks out of twelve (first qtr).... and I'll send you the 100 bucks.... You don't, you send me 100 bucks.

[Lyehopper]

Peanuts, why did you decide not to continue the contest on the old POTW thread that BillyJoe started way back when? And if you are indeed changing to a new thread? Why call it the "POTW"?.... Why not call it the Weekly Stock Picking Contest" WSPC or something like that?.... If you're not careful you might be getting a certified letter from Billy's lawyer for copyright infringement.

[Lyehopper]

OK, here's what's up for debate:

A: Keep the time stamp recording the way it is

B: Change the entry time into a stock to be the opening trade for the stock on the first minute after the time stamp on a player's post

Please tell me, A or B

Thanks
The logical answer to this is neither A nor B....

For a long trade; simply take the high tick for minute that the post is timestamped.

For a short trade; simply take the low tick for the minute that the post is timestamped.

This way no one can play Doug's little game. And you can buy or sell a stock at 16:00 EST and it'll work out just fine.

btw.... This is how I did it pre Rob....

[scifos]

It is to each player's advantage to begin the contest at the beginning of the year, and to play less risky stocks. It is an aspect of the contest which each player must take into careful consideration. The yearly contest shows each player's long term consistency. The weekly contest within the yearly, is where the fun and wild action exists.

Okay, I'm not going to start a big stink over it. You're the scorekeeper



A penalty for not playing the whole year is a must. For each week that you play, you are taking a risk. Your reward is the percentage change. If you risk nothing, then how can you be compared to the other players? There must be a reducing method to the initial portfolio size. The penalty is justified because no risk has been taken up to that point, and it also prohibits scoundrels, like Doug, from coming in the contest in the last few weeks and winning it all with a couple of crazy plays.

Here is a comparison chart of your 3% loss method and the current straight line method. I'd like to hear reasons why one method is more fair than the other. If I get no responses, then the current method will remain:

Yes, the difference is small for people who don't play. But if I'm way ahead, I might elect to take the last 2 months or more off and cruse the rest of the year just taking a small $20. If it's 3%, then I think it would motivate the people who are way ahead to contineu to play.

[skiracer]

Peanuts, why did you decide not to continue the contest on the old POTW thread that BillyJoe started way back when? And if you are indeed changing to a new thread? Why call it the "POTW"?.... Why not call it the Weekly Stock Picking Contest" WSPC or something like that?.... If you're not careful you might be getting a certified letter from Billy's lawyer for copyright infringement.

Good question Lye. I was wondering why Billyjoe's original contest and cocept had to go with the changing of the scorekeeper. Change the look of the game and the rules but keep Billyjoe's POTW alive and running. We may have the longest running named game on the internet. Rob only asked for a new scorekeeper. We've changed on a number of occassions and never changed the thread but have changed the rules. CHANGE THE SCOREKEEPER BUT KEEP THE ORIGINAL THREAD!!!!!!

[peanuts]

Peanuts, why did you decide not to continue the contest on the old POTW thread that BillyJoe started way back when? And if you are indeed changing to a new thread? Why call it the "POTW"?.... Why not call it the Weekly Stock Picking Contest" WSPC or something like that?.... If you're not careful you might be getting a certified letter from Billy's lawyer for copyright infringement.

If Billyjoe requests that the POTW contest remains on the old thread, then I will continue to use that thread for the contest.

billyjoe, let me know :)

I changed the thread because of the enormity of the previous thread. Actually, I was having trouble, sometimes, when I would try to view the other thread, and I assumed that it was due to the size. An admin could clear this up...

I didn't think that a separate thread would be an issue. Other than nostalgia, what purpose would it serve to keep the contest there? I was using this thread to re-organize.


ALSO: The 3% loss rule is in effect. Thanks for the feedback

[Rob]

[. . .] I was having trouble, sometimes, when I would try to view the other thread, and I assumed that it was due to the size. An admin could clear this up...I seriously doubt that has anything at all to do with it, not unless this is really poorly written software. But I think the programmers were sharp enough to avoid the pitfalls that would cause such a problem.

[spikefader]

My 2c. I agree with others on keeping the original thread....the history and content has value. I'm sure billyjoe is too much a gentleman to request it, peanuts...and I really don't think he should.

[skiracer]

My 2c. I agree with others on keeping the original thread....the history and content has value. I'm sure billyjoe is too much a gentleman to request it, peanuts...and I really don't think he should.

Keep the original thread and change the rules to anything that you want that's agreeable with the simple majority of players. The original thread has historic and intrinsic value built into it from the past several years of it's existence. It's evolution into it's present form and what it is going to become under Peanuts guidance will only be kept intact through maintaining Billyjoe's orginal POTW thread. It will still be Peanuts baby to nuture and shape to reflect his personality and if it is at all as successful as Lyehopper and Rob have brought it then we will shower Peanuts with praise in a climatic crescendo of affirmation.

[Lyehopper]

Keep the original thread and change the rules to anything that you want that's agreeable with the simple majority of players. The original thread has historic and intrinsic value built into it from the past several years of it's existence. It's evolution into it's present form and what it is going to become under Peanuts guidance will only be kept intact through maintaining Billyjoe's orginal POTW thread. It will still be Peanuts baby to nuture and shape to reflect his personality and if it is at all as successful as Lyehopper and Rob have brought it then we will shower Peanuts with praise in a climatic crescendo of affirmation.
sniff.... sniff..... blink.... blink.... You're such a poet Ed.

[skiracer]

sniff.... sniff..... blink.... blink.... You're such a poet Ed.

Lye,
I'm such a poet that I don't even know it. I do know Peanuts will still do a great job continuing on in the tradition that you guys started and built on so nicely in the name of Billyjoe's POTW thread.

[Rob]

[. . .] if it is at all as successful as Lyehopper and Rob have brought it then we will shower Peanuts with praise in a climatic crescendo of affirmation. Thanks, Skiracer. But "a climatic crescendo of affirmation"? Does that mean you're going to send him really good weather? :p

Oh! ...... You must mean .... climactic! ;) Just messin' witcha, dude.

[skiracer]

Thanks, Skiracer. But "a climatic crescendo of affirmation"? Does that mean you're going to send him really good weather? :p

Oh! ...... You must mean .... climactic! ;) Just messin' witcha, dude.

Rob,
I was only kidding around with the selection of words. Actually I didn't realize that I was wrong with my spelling of climactic. I have to be real careful with you and Doug. You know how Peanuts loves to be lavished with affirmation. Perhaps I should have used "orgasmatic crescendo of affirmation". I really do like and respect Peanuts and I think his intentions and motives are always well meant. It's just me being me and how much I enjoy kidding around with Peanuts. I'm sure Peanuts is the type of individual that would stay up late at night to get the job done and to think of ways to make it better. And yes I will be sending the entire northeastern section of Pennsylvania a dose of good weather over the holiday season.

[Tatnic]

Rob,
I was only kidding around with the selection of words. Actually I didn't realize that I was wrong with my spelling of climactic. I have to be real careful with you and Doug. You know how Peanuts loves to be lavished with affirmation. Perhaps I should have used "orgasmatic crescendo of affirmation". I really do like and respect Peanuts and I think his intentions and motives are always well meant. It's just me being me and how much I enjoy kidding around with Peanuts. I'm sure Peanuts is the type of individual that would stay up late at night to get the job done and to think of ways to make it better. And yes I will be sending the entire northeastern section of Pennsylvania a dose of good weather over the holiday season.

not that it matters, but P'burg is in the western part of PA....maybe you can send them a new quarterback?!

[IIC]

Also...It is not Orgasmatic...It is Orgasmic

[skiracer]

Also...It is not Orgasmatic...It is Orgasmic

Poetic license Doug. Which sounds more dramatic, ORGASMATIC or ORGASMIC? Maybe it's what the author wants it to reflect in his own mind an imagination when coining a new phrase regardless of the correct spelling.

[peanuts]

Poetic license Doug. Which sounds more dramatic, ORGASMATIC or ORGASMIC? Maybe it's what the author wants it to reflect in his own mind an imagination when coining a new phrase regardless of the correct spelling.

Do you have a geographic license, as well?

Don't send any quarterbacks this way. Tatnic, if he actually engaged his mind before his mouth, would have realized that the best quarterbacks of all time all came from the Pittsburgh area- (Unitas, Namath, Montana, Marino, Jim Kelly, and many more). Many more mediocre q'backs come from here, as well. It must be in the beer... because even the ones that aren't from here, but play here, are better than the rest of the league on their bad days. Of course, if they came from New Jersey, I'm not sure if we could ever fix them.

[Tatnic]

Do you have a geographic license, as well?

Don't send any quarterbacks this way. Tatnic, if he actually engaged his mind before his mouth, would have realized that the best quarterbacks of all time all came from the Pittsburgh area- (Unitas, Namath, Montana, Marino, Jim Kelly, and many more). Many more mediocre q'backs come from here, as well. It must be in the beer... because even the ones that aren't from here, but play here, are better than the rest of the league on their bad days. Of course, if they came from New Jersey, I'm not sure if we could ever fix them.

Wasn't it obvious that I was referring to the Steelers? How can a team go from the super bowl to the toilet bowl in such record time? My explanation is that last year was a fluke, a hot streak at the right time, lousy competition, etc.

[peanuts]

Wasn't it obvious that I was referring to the Steelers? How can a team go from the super bowl to the toilet bowl in such record time? My explanation is that last year was a fluke, a hot streak at the right time, lousy competition, etc.

The only thing that kills things faster than Chuck Norris is a Pittsburgh Steelers fan that just heard an insult to their team.

You obviously do not know the story of the Steelers. Honestly, I don't want to get into some kind of banter about it. Some people are passionate about their favorite teams, usually for several reasons. I think you would be amazed at the diversity and geographical coverage of the fan base for the Steelers program.

If you call their performance a fluke, you know nothing, and I mean zero, zilch, nada, of the Steelers. Any other reason for the statement you made is done simply to get under my skin. If that is the case, I don't much appreciate that fact, but if the former is true, then cheer all you want for whatever loser team you would like. I don't think the Steelers would want a fan like you, anyway. :p

[skiracer]

Do you have a geographic license, as well?

Licenses of every type for every situation. And the most important license of all is the one the let's the bearer write up a new license to cover whatever you need whenever you need one to cover a predicament. They are expensive but obtainable. Doug is another owner off one of them aside from the many others he owns and has hanging on his office wall I'm sure.

[Tatnic]

The only thing that kills things faster than Chuck Norris is a Pittsburgh Steelers fan that just heard an insult to their team.

You obviously do not know the story of the Steelers. Honestly, I don't want to get into some kind of banter about it. Some people are passionate about their favorite teams, usually for several reasons. I think you would be amazed at the diversity and geographical coverage of the fan base for the Steelers program.

If you call their performance a fluke, you know nothing, and I mean zero, zilch, nada, of the Steelers. Any other reason for the statement you made is done simply to get under my skin. If that is the case, I don't much appreciate that fact, but if the former is true, then cheer all you want for whatever loser team you would like. I don't think the Steelers would want a fan like you, anyway. :p

Bradshaw was the best quarterback Pittsburgh ever had, by a long shot. I don't believe he was from that neck of the woods either. Hey, maybe you can salvage the year and root for the Eagles! I like Garcia..I think he's the best story of the year. Big Ben could learn alot from him.

[peanuts]

Do you have a geographic license, as well?

Licenses of every type for every situation. And the most important license of all is the one the let's the bearer write up a new license to cover whatever you need whenever you need one to cover a predicament. They are expensive but obtainable. Doug is another owner off one of them aside from the many others he owns and has hanging on his office wall I'm sure.

jejejejeje

I want the license that gives you the license to write your own licenses... :D

[peanuts]

OK everyone, this is your final chance.

Let me know what changes, if any, you would like to have incorporated into the pick of the week contest.

Tell me now, or tell me never :)

BTW: the contest will remain in its current location- on the thread which billyjoe started. The one we are all used to visiting