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Old 10-12-2017, 07:29 AM   #361
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Yes, my investment in HMNY has really paid off. Too bad I didn't buy it in real life!
Nevertheless, nice to see you back in the mix .
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Old 10-12-2017, 08:44 AM   #362
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... I'll diversify a little more too.
That's probably a good idea. I've heard that diversifying across 500 or more stocks works pretty well for a lot of people!

-ERD50
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Old 10-12-2017, 08:45 AM   #363
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That's probably a good idea. I've heard that diversifying across 500 or more stocks works pretty well for a lot of people!

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Except Buffett
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Old 10-12-2017, 10:13 AM   #364
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That's probably a good idea. I've heard that diversifying across 500 or more stocks works pretty well for a lot of people!

-ERD50
Yes but if you're looking for something better you have to do it differently. I'm OK with holding $500,000 in each of two stocks but my picks tend to have low volume so it's hard, plus the timespan of the contest is a factor.
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Old 10-12-2017, 10:53 AM   #365
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Yes but if you're looking for something better you have to do it differently. ....
Well I won't argue tautology, I know my limits!

Of course, doing something differently doesn't provide any rationale that different will be better. And the historical data indicates the odds are against it.

This little contest will not prove anything one way or the other (sample size too small), other than diversification reduces volatility (though sample size is still small, I do think the trend will be apparent enough to say something), but there shouldn't be any question of that anyhow.

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Old 10-12-2017, 10:54 AM   #366
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Except Buffett
I don't know. How many stocks has Buffet typically held?

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Old 10-12-2017, 11:18 AM   #367
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I don't know. How many stocks has Buffet typically held?

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Not 500! Maybe 20 or so?
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Old 10-12-2017, 01:58 PM   #368
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Haha! Easy come, easy go -- HMNY is down 30% today.
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Old 10-12-2017, 03:44 PM   #369
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Not 500! Maybe 20 or so?
In his first few decades much less than that. Sometimes only 5, with very uneven weights. I think at one point he was almost completely Geico.

And of course Berkshire Hathaway itself. As he says: "Too much of a good thing can be a great thing".
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Old 10-14-2017, 12:41 PM   #370
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I was ready to buy CLF with a limit order based on the current price and I got shown the price for CL. Glad I caught it. In other news, Fermion is last again.

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Old 10-14-2017, 12:44 PM   #371
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Haha! Easy come, easy go -- HMNY is down 30% today.
I noticed your 15 minutes of fame, then the drop back down .
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Old 10-17-2017, 05:49 PM   #372
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I made about $18,000 today with three trades, all winners. LINU, CLNS, and UTX. It's good to get back to trading like I used to, except the research is strictly for the contest and not for real life.
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Old 10-23-2017, 09:24 AM   #373
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This is what I get for trying to buy an index fund. I tried twice to buy 1000 shares of IVV and 20 minutes later is says N/A.

Some kind of lag. I gave up trying then I discover it gave it to me.
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Old 10-23-2017, 10:25 AM   #374
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This is what I get for trying to buy an index fund. I tried twice to buy 1000 shares of IVV and 20 minutes later is says N/A.

Some kind of lag. I gave up trying then I discover it gave it to me.
Why not SPY - it's got 20x the volume. Same basic thing, no? Maybe less lag with the higher volume?

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Old 10-23-2017, 10:51 AM   #375
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Why not SPY - it's got 20x the volume. Same basic thing, no? Maybe less lag with the higher volume?

-ERD50
I don't remember. I once chose IVV in real life at Fidelity for some reason. I didn't re-assess the competing funds.
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Old 10-27-2017, 03:40 PM   #376
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Is "Today's change in value" not updating normally or am I just forgetting how it worked?
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Old 11-01-2017, 09:53 AM   #377
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Sell-offs by people fearing third quarter reports affected me in recent weeks and I don't always research deep enough to deal with that for this contest so I'm on another brief hiatus. Here are end-of-month results.
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Old 11-04-2017, 03:51 PM   #378
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How much DRAD do you hold? Down 27% today
It began rising significantly on Thursday and rose 15.19% on Friday. I found this part of yesterday's conference call interesting. It's summed up with Matthew Molchan's statement that "markets don't always work exactly dynamically with your result." That's why I trade.

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Larry Haimovitch

...I'm sitting here in amazement at people trashing your stock with what amounts...to be less than 4% [profit loss] and your stocks down 50% or whatever? Any explanation.

Matthew Molchan

We certainly had a lot of calls there could have been a little confusion on the information of exactly [what component of the business was impacted] I mean that's obviously why we're giving these details today...I think there might have been concern that the dividend was not going to continue on but we absolutely plan to keep the dividend stable as we move forward. So markets don't always work exactly dynamically with your result so we're a little surprised too Larry.

Larry Haimovitch

Jeff and Matt in retrospect do you think you might have positioned this news development in a different way, you 8-Ked that rather than press released it. There wasn't a lot of information, now the impact is even smaller than any of us thought. So I think the stock acted badly in a time of great uncertainty when, oh my god, maybe they lost 30%, 40% of their business here, without people understanding that it's relatively unimportant. That's not zero, but it's relatively unimportant to you.

Matthew Molchan

Well I think that there was – obviously the timing was not perfect. We realized with this notice written on the end of September, we realized that we had to – we had a call coming and we had to formulate all of the information and to be able to present it in such a way, could we have guided out sooner in retrospect we probably could have. But we felt we want to do a thorough job, so that when we meet today with all the information we can deliver clearly the impact on the business on a go forward basis.
Oh, I just read "You may quote up to 400 words of any transcript on the condition that you attribute the transcript to Seeking Alpha"

So, https://seekingalpha.com/article/412...all-transcript

But it had numerous mistakes. I fixed the more relevant ones above.
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Old 11-08-2017, 03:02 PM   #379
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It looks like both the rankings list that we've been posting monthly and my (everyone's?) Performance History isn't being updated properly. I checked in two browsers. The account value on the My Home page still seems to get updated regularly and hopefully properly. To get another player's account value I think we have to click History next to the player's name on the rankings page and look in their gray Investor Profile box for the value.
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Old 11-08-2017, 05:46 PM   #380
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It looks like both the rankings list that we've been posting monthly and my (everyone's?) Performance History isn't being updated properly. I checked in two browsers. The account value on the My Home page still seems to get updated regularly and hopefully properly. To get another player's account value I think we have to click History next to the player's name on the rankings page and look in their gray Investor Profile box for the value.

Are you taking into account the * about the rankings? Here's the blurb from as of this posting.

I think clicking on History next to the person gives a more up to date value. The rankings don't get updated until overnight.
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