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 Strategies & Market Trends | Picks of the quarter

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To: Sr K who wrote (12998)4/25/2012 1:54:08 AM
From: Cogito   of 14811
 
There's no provision for you to change an order to what you think he meant. But if you refuse a mistaken order, the player is "allowed to put in a new order the next day."He could then short AAPL at a higher price if it closes up, which doesn't seem fair.
I agree that it wouldn't be fair to allow CusterInvestor to get out of taking the hit for his bad call. Plus, his order wasn't illegal, so that provision doesn't apply.

It seems more fair to leave his order in as it was intended, because the outcome is better for the competition as a whole. The lack of a specific provision in the rules shouldn't force Elroy to do something that is unfair to everyone.

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To: Cogito who wrote (12999)4/25/2012 2:09:08 AM
From: Sr K   of 14811
 
Plus, his order wasn't illegal, so that provision doesn't apply.

He placed the order for APPL which is a Pink Sheets stock.

Message 28104103

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To: Sr K who wrote (13000)4/25/2012 2:30:03 AM
From: Cogito   of 14811
 
Whatever. The rules don't specifically prohibit handling the situation in a way that would be fair to all participants, so I don't see the harm in doing that.

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To: Sr K who wrote (13000)4/25/2012 2:37:11 AM
From: Jorj X Mckie6 Recommendations   of 14811
 
i have a great idea. why not star your own thread where you run a concurrent stock picking contest where you can be a stickler for rules. that way people can choose if they want to play in a contest where small mistakes aren't treated as cardinal sins or they can play on a thread where no deviations from the rules are tolerated.

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To: Jorj X Mckie who wrote (13002)4/25/2012 2:44:23 AM
From: Elroy4 Recommendations   of 14811
 
He's just grouchy because he's in last place...

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To: Cogito who wrote (13001)4/25/2012 5:51:07 AM
From: SARMAN   of 14811
 
According to the rule the order should be cancelled on the ground that we can not trade pink in the contest. The contestant said APPL. Sir K said that Appl is a pink, thus is not allowed. No matter what the intention were, a broker is not responsible for the client's error.

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To: Elroy who wrote (13003)4/25/2012 10:04:57 AM
From: CusterInvestor   of 14811
 
Elroy---its your contest, but fwiw, if someone enters what looks to be a wrong ticker,
I think you
have the right to ask for clarification and adjust accordingly.

I intended AAPL and simply mis-typed.

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To: CusterInvestor who wrote (13005)4/25/2012 10:51:22 AM
From: Taro   of 14811
 
Custer, the problem and as I see it also bad luck seems to be, that while mis typing you thus did call another valid stock, albeit not one allowed into our competition :(

Many of us have mis typed before but were lucky enough to thus create garbish rather than a different valid symbol.

I don't know what we should do in this case, where a priori AAPL seemed to be a good bet for aro 10% - either way! Only now, a posteriori do we know, that the right way was - well, +10% up...


Maybe we should indeed stick to the rules in this case as suggested by SrK.

Elroy, your opinion?.........


/Taro

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To: Taro who wrote (13006)4/25/2012 12:20:09 PM
From: CusterInvestor2 Recommendations   of 14811
 
AAPL slipping, will it end the day red <g>?

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To: CusterInvestor who wrote (13007)4/25/2012 1:08:53 PM
From: Cogito   of 14811
 
>>AAPL slipping, will it end the day red <g>?<<

Yeah, that's what I expect. Heck, the stock is only up 48.54 as I type this. ;-)

From the discussion here, it looks like you may be off the hook with that short, anyway. Nice to be saved by a typo, eh? Well, I won't be upset about it, either way.

Meanwhile, I'm feeling quite a bit more confident about extending my streak of beating the S&P, considering the outperformance of both AAPL and LGF today. But it's going to be a squeaker for me. As always, it's more a matter of dumb luck than any acumen on my part.

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