Christmas fantasy PH share league

[B17NNS]

Buy high, sell low, lunch is for wimps etc...

A quick heads up for anyone who doesn't venture over to the share tips thread in finance. We have organised a little competition to see how much each of us can win (or lose) before the market closes for Christmas. The competition is free to enter and play and the prize is nothing other than bragging rights.

The competition is in the form of a fantasy share league playing against other PH'rs. To play you will need to sign up to http://www.lse.co.uk (free and quick and easy).

Then direct yourself over to http://game.lse.co.uk/join-game.asp

Gamename: PHsharetipthread
Password: whotippedgkn

Your starting cash is £10k
Stamp duty will be charged on each buy for a bit of realism
Commission is £5 per trade (again for realism)

So what are you waiting for - get cracking and join in, the more the merrier. Winner is the PH'r with the most in his/her account at the sound of the bell on the 24th.

You are encouraged to shout about your gains and cry over your losses here too.

Good luck

Edited by B17NNS on Tuesday 19th November 22:42

[B17NNS]

£236.30 down so far. Not a bad days work

Should be interesting to see how we end up. I imagine attitudes to risk will change a bit playing with faux money.

[B17NNS]

I'm not bottom! Welcome Dr, good luck

trashbat said:

Also: hey everyone, I hear really good things about TVZ, pile in there while you can

Play nicely

[B17NNS]

cv01jw said:

market just closed and I am £5.37 down today

Not bad going. I'm -£247.45.

Don't know how to play this. Temptation is to go fast and loose due to time constraints. Chances are though it will lead to one mistake after another and the guy who plays it safe and just buys £10k RMG will trounce us all. Either that or someone will drop on and multibag with an AIM share.

[B17NNS]

cv01jw said:

I guess the game must run a bit behind reality, because the value of my portfolio is still moving. I am currently £20.56 down.

Not sure on the game delay. Same thing happens for real though. Late trades go through after the bell.

[B17NNS]

Good man

Got a strategy figured out John?

[B17NNS]

fake7 said:

Anyone going all in on TLDH?

Looks like Monday might have been the point to get out of that one.

[B17NNS]

RichF said:

Can you short stuff on this?

Unfortunately not, just regular dealing. Nothing stopping us setting up a spread bet type thing later on though if people are up for it.

Good luck Quite a few seem up for it so should be a giggle

[B17NNS]

Market is being very cruel today. Awaiting news on the Fed.

Shame about MARL but you've got to be chuffed with SOLG. You in proper Kieran?

Good to see some new players. Good luck all

[B17NNS]

Interesting bit of historical research for anyone who is stuck for a stock or two to pick.

Performance is calculated using closing prices of 31st Nov and 31st Dec.

FTSE100 flagship index:
Risen in 18 of the last 20 Decembers
Gains ranging from a 0.3% to 7.9%.
On 7 occasions it has risen more than 3% (‘93, ’97, ’99, ’03, ’08, ’09, and ’10)

Individual Stocks: (over the last 20 years)
CRH (CRH) which has risen 17 times for an average gain of 6.7% (worst -20%, best +21.8%),
WPP (WPP), up 15 times for an average 4.9% (range: -12.9%, +15.2%)
Unilever (ULVR), also up 15 times for an average 4.0% (range: -1.9%, +11.8%).
Aberdeen Asset Management (ADN), up 14 times with an average return of 7.7%,
Wolseley (WOS) up 14 times for an average 6.2% and
Travis Perkins (TPK) up 13 times for an average 5.6%.

Heavyweight Stocks:
Barclays (BARC) Gained in 9 of 19 Decembers, with an average return of -0.7%*
Lloyds banking Group (LLOY) up in 12 of 20 for an average 1.0% and fellow bailout peer
Royal Bank of Scotland (RBS) up 12 times for an average 1.2%.
Rio Tinto (RIO) is up 10 for an average 3.0%,
Tesco (TSCO) up 14 for 3.4%,
Vodafone (VOD) up 12 for 2.5%
BP (BP) up 9 times in the last 20 Decembers for an average profit of 1.3%.

[B17NNS]

Hoddo said:

Why does it do this more often than not in December? Traders got that festive feeling?

In the most simple of ways to some extent yes. A general feeling of positivity, Christmas bonuses, bears away from their desks to get away from the festivities.

All anecdotal but it sort of has a snowball effect. Everyone hopes there will be a rally and invests (financially and thus in the idea) and the positivity gets infectious.

Doesn't always happen though. If however you're ever going to take a bet on the FTSE, this is historically a very good time to do it.

http://www.investopedia.com/terms/s/santaclauseffe...

Edited by B17NNS on Wednesday 20th November 14:39

[B17NNS]

HarryCush said:

Will update with my losses once i get my fantasy portfolio going.

Think positive thoughts. Good luck Harry

[B17NNS]

kiethton said:

I'm about £2,000 down....in 7 hours!

You're a true hero K. Just think. If you'd stayed in bed all day only answering the door to hookers, coke dealers and dominoes you'd be richer than you are having spent a day at work.

[B17NNS]

Welcome and good luck

Not sure what's going on there.

According to HL

AstraZeneca
Sell: 3,310.50p
Buy: 3,312.50p
+0.50p (0.02%)

LSE
http://www.lse.co.uk/SharePrice.asp?SharePrice=AZN

[B17NNS]

Am by no means an expert but any questions or queries (however basic) shout 'em up. Am sure someone will know the answer and be happy to help

Plus theres no sport to be had in ripping the piss out of someone who doesn't know what they're doing

Edited by B17NNS on Wednesday 20th November 21:00

[B17NNS]

kiethton said:

Go hard or go home!

[B17NNS]

DKL said:

Can I assume that the difference between the portfolio value and 10k +/- the profit/loss is the fees and stamp duty?
Otherwise it doesn't add up!

You are charged £5 per trade (£5 to buy, £5 to sell)
You pay stamp duty on the purchase side only (0.5%)

I'm not sure whether the value of your portfolio is valued at the mid price or the sell price. Will have a look..

[B17NNS]

Everyone should see a bit of a recovery today hopefully. Ten players in profit.

Dr Interceptor said:

Need to instigate a massive recovery... -17 spots on the board today

Ouch. Dancarro +25

Hammer67 said:

Right, just spent 5 minutes carefully researching world markets and spent £1000 each on 10 lots of randomness.

£ -272.60 in 5 minutes. Kieran, someone is after your crown.

plfrench said:

AZN

Nice rise today. Pricey share though.

[B17NNS]

Hammer67 said:

Done worse than that on hookers.

And all five of them had the best 60 seconds of their lives.

[B17NNS]

DoubleSix said:

Don't know if you guys have already implemented this but these thing tend to function better if a limit is placed on how much is in one single holding i.e. 20%

Stops the thing being undermined by a shot in the dark and introduces more skill.

Good idea, don't know if that can be implemented in LSE (or once the game has started?). Definitely something to consider for future games (if people still want to play).

This is just meant as a bit of seasonal fun and hopefully it will get those who had no interest interested and help those who do trade a bit an opportunity to try out different trading strategies and perhaps reassess their attitude to risk. Once the winner snaps his braces and drives off in his 964 Turbo and the loser has the gun in his mouth we can perhaps debrief and discuss what we'd all like to keep and what we'd like to change?

I think in retrospect I would have perhaps ditched the trading fee and stamp duty to encourage more actual trading. Those costs, although real, tend to stifle things a bit. We give enough to the government in real life, no need to tax our fun just yet.

In the meantime, should someone pull a ten bagger out of thin air more power to them!