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[OTHERS] To Admin, Suggestion to improve quality of stock prediction.

Is it possible to restrict the user to predicting once per counter per month?

For ex.

20/1/2011 Asura predict Genting above 10.50 by 30 May 2011.

(In this case, The user(Asura) is not allowed to make a second prediction for the same counter genting within the next 1 month unless Genting reaches the predicted price of 10.50 within that period or it passes the 1 month period from 20/1/2011)

If Genting didnt reach 10.50 by 1 month time,

(the user can predict again after the 1 month period from 20/1/2011 and consider the previous prediction Void and null)

This way it limits the prediction to max 12 per annum per counter and avoids the spamming such as:

20/1/2011 Asura predict Genting above 10.50 by 30 May 2011.
22/1/2011 Asura predict Genting above 10.58 by 30 May 2011.
25/1/2011 Asura predict Genting above 10.65 by 30 May 2011.

........................................................................

Another restriction that can be implemented is the 3% minimum prediction. It can solve spam predictions that is very marginal from the current price such as the below example:

20/1/2011 Asura predict Genting above 10.50(0.59% from current price)
20/1/2011 Asura predict Bjtoto above 4.53 (0.61% from current price)
20/1/2011 Asura predict IOICorp above 5.50 (0.7% from current price)

So if setting a 3% minimum to each prediction, all the above marginal gains prediction will not be taken into account as a "Hit" prediction, the changes in price of the prediction is so minimal and marginal that even 1 day of ups or downs will make the prediction a "winning prediction"

Hope admins will take into considerations that with better filters like these , it can make the predictions to be more of quality and prevent further abuse.
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Interesting, logical and fair suggestions.

I think it's a "Hit" :)
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I like your suggestions, however I would suggest modifying your first suggestion to being able to make another prediction as soon as the prediction duration is over, instead of restricting it to 1 month. As you pointed out in another thread, different traders/investors have different styles and while yours may be medium to long-term, others may be going for a short-term position (e.g. 2 weeks). Here's an example:
20/1/2011 BI predicts Genting above 10.50 by 27/1/2011.
Only 27/1/2011 can BI make another punt on the same stock.

For the 2nd suggestion personally I feel 3% is pretty low. May I suggest minimum 5% movement to be valid.

cheers,
BI
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No need lar all those things. Be a responsible user. If you see someone predict 2-3c or spamming. Ignore.
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Anyway well done on Genting. Spot on!
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hey, You have been inactive for quite awhile, been busy with everyday life?? :D:D
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Reaz, not everyone is a responsible kind of people. There has been instances where a user predicted a counter with over 30+ prediction for every cent move upward which budding investor pointed out earlier.

This kind of spamming virtually blanketed the entire prediction of other users and thats just from 1 user, imagine 10 or 20 people doing the same. What will happen?

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I understand now. I'll support all good moves!

I like this small community of Bursa. Sharing is wonderful. I hope those ppl will not spoil a good natural course.

Everyone has a right to give their opinion. I think this community welcome all without prejudice who is better than another.

So be a responsible user not to gain just popularity. Hope you all will gain/profit here with this community.
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likewish my friend, most importantly.. everyone makes $$ :D..
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Budding, i did mentioned it there, either it reaches the predicted price 1st or 1 month from the prediction is made. Below is part of the sentences..

" unless Genting reaches the predicted price of 10.50 within that period or it passes the 1 month period from 20/1/2011)"

As for the percentage, a 5% would be good. Although the rules are suppose to restrict the spamming, it still has loopholes.

A 5% change in a lumbering blue chips will be 10, 20 or even 30 cents which can takes weeks.

A 5% change in a penny could be as low as 0.01 which can happen in a day swing.

Unless there is different percentage changes for stocks below RM1 and above.

well, thats another headache for the admin :D:D


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Ok, I guess I was misled by the first line of your sentence: "Is it possible to restrict the user to predicting once per counter per month?"

And to be pedantic, the statement: "(In this case, The user(Asura) is not allowed to make a second prediction for the same counter genting within the next 1 month unless Genting reaches the predicted price of 10.50 within that period or it passes the 1 month period from 20/1/2011)" - the 2nd condition cannot trigger because the last condition can only trigger after 1 month :)

But i do agree with the issue of change in penny stocks, there are some who have used this to gain large percentage changes. It's quite hard to block all possible loopholes to abuse the system. Ah well, hopefully the admins will think of something!
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