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Let PapalPower play.

Shan't!!!

papalpower, considering how well you did last time, email me your choices and i'll go 50-50 with you when we win :))

honest ;)

trying to hold on to slender lead.....

attempting to go with the thought that trading too often will reduce the capital, so might hold onto same stock now till end (of month / april not sure!!)

also agree though that the 60 wait between trades is very annoying, especially when sometimes I might have to place 5-6 trades in the same stock - what is the reason behind it as it does not replicate real life?

sportbilly,

It is an LSE rule, essentially, if there was no delay, people could get live prices as often as they want for their own trading. We have have to put the tyime limit in just to stop it being used for purely getting live quotes.

Ian

Sorry your request cannot be processed as trading is not allowed during market auctions.

What does this mean Ian? Seems to only occur when I try and get a quote for GTL.

GD,

I will get the guys to take a look into it,

Ian

Good going, sportbilly, from one who is languishing in negative territory. I have reorganised my portfolio for month 2 but I suspect your objective should be focussed on month 1 forgetting the next two months. That probably means running the profits but perhaps switching any laggard(s). AZM results on Monday could be interesting! (but that is proably a 50/50 scenario).

Eric

sportbilly,

I think you would find that if you tried to place an 5-6 trades in the same stock consecutively with the same broker they'd be complaining to you about market abuse, if indeed they let you trade so quickly in the fist place. Barclays Stockbrokers, for example, will often give you an error message if you try to trade the same stock again online within 1-5 minutes in situations where the Retail Service Providers (RSPs) have closed down the their quoted NMS size to small levels.

It depends on the situation, but the MoneyAM system is, if anything, slightly unrealistic in allowing you to trade this way at all, when in real life with the kind of above NMS orders you're probably putting through you'd be phoning your broker to get a quote from the market makers, quite possibly outside the touch prices/spread.

EWR,

Given that this game favours the brave (or silly!) I have 100% in one stock.....

Kyoto,

I remember having the same experience with Halifax before.....so will take the situation as given !....just having a little rant I guess!!

Ian - Your response re:the 60 second rule read

"It is an LSE rule, essentially, if there was no delay, people could get live prices as often as they want for their own trading. We have have to put the time limit in just to stop it being used for purely getting live quotes."

Could you expand on please as I can not for the life of me see why an exchange whose life blood is from market trading would object to people using a facility to potentially increase the number of trades they make on a real exchange ?

I think it is because of the pricing structure from LSE to MAM and the fact that the LSE has a commodity that they want to make money from (the price information). They will hardly want someone giving it away. MAM will be charged for the data if they give away live price information.

Flackwell:

All exchanges charge for their live price information, in some cases, quite spectacular sums of money, and usually on a per individual user basis. It's because the information has a value which decreases with time, rather like radioactive half life. Once the data is 15-20 minutes old, it's reckoned to have little or no value and can be obtained for nothing.

I'm sure that somebody at MoneyAM more familiar with LSE audits than I would be able to explain the rigours of these inspections.

Fair points gents - didn't realise the prices themselves were "sold".

Flackwell,

They beat me to it. In essence as mentioned the prices are a commodity for the exchange, and therefore, we cannot allow an unrestricted system where people could just get as many prices unlimited as they wat.

Ian

Hmmm well I was doing alright at this game until I broke my ankle and leg (dog pulled me over on wet concrete)only just come out of hospital after having it all bolted back together....I should have bonus points for all the time I couldn't get to a computer...not that I would have won anyway....I hope to have less of a handicap in next months game :-)
Di

you know it continues right? Like it doesnt reset, you ll be at the same disadvanatge as you are now

bought a few shares in some gold producer nuemonic GDP because its my initials on Champinvest and they went up 100% ha. Only bought a 200 worth becuase that volume limit though!!

Next time buy it for real in the market? :-) Your timing's better than mine though - I bought it six months ago. By the way, they're a precious metals recovery business (great) with gold producing aspirations (slightly worrying). Every time I see it I think I'm looking at some Gross Domestic Product news.

Ian could you please e-mail me my username and password.
Computer it was on has died so now on new one .
Many thanks
Andy