I am happy to incorporate Mounter Climbers and Genuine Re-Rates into the STTCOMP. Before doing anything, I just need to understand how these competitions were run.
Here is some information on previous rules and guidelines of MC and GRR Competitions.
Mountain Climbers:
Gain in the first 4 weeks period of the tip will be considered the criterion to rank the players.
Only active tips(i.e. less than 12 months old) are eligible for this competition.
I find this is very straight forward competition. I can set up this without much drama,using current STTCOMP calculations.
Genuine Re-Rates Competition is the tricky one.
The rules for Genuine Re-rates from the previous competition are as follows:-
1. Tip must be older than 8 Weeks before being considered for the Genuine Re-rate category.
2. An average closing price is calculated starting 8 weeks after tipping to current day. The last closing price must be at least 50% of that average price to qualify as a valid entry.
3. Tips older than 12 months will not be considered for Genuine Rerate (Ie Tips expire after 12 months)
4. Stock rising as a result of share consolidation will be excluded
The key to being a winner in this section of the STT Comp (Genuine Re-rates) is you must demonstrate the ability to pick stocks that will go up and more importantly stay up.
I am not sure if I understand the rules correctly. Could someone please explain me (@Freehold would be the best one to answer, as he was the one running the show 
) the followings:
- How is the entry price determined? Is it the trading price after the tip submission or after 8 weeks period?
- What is the closing price that is used to calculate the gain? Is it the average closing price from 8 weeks to date?
- What is purpose of having above underlined validity criterion?
- Do we exclude Short tips from this competition?
I also will need to introduce a new rule to exclude any stocks subjected to consolidation from the competitions to avoid manual intervention to adjust prices. Hope everyone will understand that.
Cheers, CC
(20min delay)
