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#31
03-07-2006, 03:34 PM
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Re: Active Stock Picking vs. Indexing Challenge
Why laugh at someone who just pwned you in the contest you made up?
[ QUOTE ] These are all Cramer picks. [/ QUOTE ] Are you kidding? Cramer gives opinions on like half the market. Anyway, the contest started for all the picks on one date. If Cramer had picked them before I chose them, they should have been at their pump & dump peak, and gone down because of Cramer. If he pumped them after I chose them, then that has nothing to do with my stock picking ability. [ QUOTE ] Why don't u make some picks right now, I'll make mine and we find someone to hold the money? [/ QUOTE ] Great picks don't come along every day. When I have them I post them on this board. Check out the other two that weren't included in this contest: Silvercorp is up more than 75% since I recommended it a month ago. Nitromed is down nearly 50% since I recommended buying puts three months ago, and my puts have more than doubled. (by the way, Cramer said this one was going up) In any case, I don't want to bet with you. I'm betting on these picks with the market, and the market is offering much better odds than you are. Thanks for the excuse to brag, though. 
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#32
03-07-2006, 03:39 PM
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Re: Active Stock Picking vs. Indexing Challenge
[ QUOTE ]
Looking at AvivaSimplex's picks is like looking at the small percentage of fund managers who happened to beat the index in a particular short time period. Rockrock was opening this up to everyone. Look at the 2006 stock challenge. More than 50% of the traders are underperforming the S&P 500 this year. If Rockrock was getting 6 to 5 from everyone, he'd be making a killing. -Tom [/ QUOTE ] I have no doubt that I'm running very hot right now, and I can't expect 100+% annualized gains in the future. (Though Sniper might disagree that this is impossible [img]/images/graemlins/smile.gif[/img] ) Still, I think reasonably smart people can use value investing strategies to beat the market in the long term.
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#33
03-07-2006, 04:02 PM
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Re: Active Stock Picking vs. Indexing Challenge
[ QUOTE ]
[ QUOTE ] Looking at AvivaSimplex's picks is like looking at the small percentage of fund managers who happened to beat the index in a particular short time period. Rockrock was opening this up to everyone. Look at the 2006 stock challenge. More than 50% of the traders are underperforming the S&P 500 this year. If Rockrock was getting 6 to 5 from everyone, he'd be making a killing. -Tom [/ QUOTE ] I have no doubt that I'm running very hot right now, and I can't expect 100+% annualized gains in the future. (Though Sniper might disagree that this is impossible [img]/images/graemlins/smile.gif[/img] ) Still, I think reasonably smart people can use value investing strategies to beat the market in the long term. [/ QUOTE ] You mean cramer is running hot right now. The funny thing about you injuring your arm trying to pat yourself on the back is that your picks would have been 2-4-1 versus mine and you'd be plus 1.6 units after vig. It also hasn't been 6 months and I'm sure that we'll have more clarity on PRAA when the 6 months is up ( see chart ) What I don't understand is why you and no one else want to take up my challenge. Sounds like free money. Congrats to Cramer and yourself for owning me!!
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#34
03-07-2006, 04:13 PM
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Re: Active Stock Picking vs. Indexing Challenge
Did you even read my post?
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#36
03-07-2006, 04:27 PM
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Re: Active Stock Picking vs. Indexing Challenge
rock... we are still waiting to hear what indexes you would use to match up against Aviva's picks.
Until then, any comparitive statements you make, simply don't hold any weight!
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#37
03-07-2006, 04:46 PM
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Re: Active Stock Picking vs. Indexing Challenge
sniper it isn't that hard to figure out - go to yahoo, click profile, see the index that security is in, and that is respective ETF I would probably choose for each stock.
if you read my OP, you'll see I am either going to pick the index ETF or sector ETF that corresponds to each security. In most cases, SPY, MDY or IJR. please relax.
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#38
03-07-2006, 05:28 PM
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Re: Active Stock Picking vs. Indexing Challenge
rock,
I think you are asking for trouble here. The edge that passive investing has over active picking is small, and needs time to make a huge difference. If your challenge was at least 5years than I would say you'd probably win. However, this challege is more of a roulette game than a statement about passive vs active investing.
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#39
03-07-2006, 05:39 PM
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Re: Active Stock Picking vs. Indexing Challenge
rock,
So are you saying... MIK vs MDY PRAA vs IJR MMM vs SPY STX vs IYW (?) RSTI vs ??? (Scientific & Technical instruments) CREE vs MDY SIRF vs ??? (Scientific & Technical instruments)
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#40
03-07-2006, 05:52 PM
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Re: Active Stock Picking vs. Indexing Challenge
These stocks should be considered as a portfolio. Rockrock made it clear in his OP that he was talking about a competition vs. a basket of actively picked stocks.
The whole sector fund thing is a red herring anyway. Why should a stock picker be evaluated vs. a sector rather than vs. the market as a whole? If I could pick hot sectors, that's just as good as picking hot stocks.
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