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I think they don't apply anything like corporate actions :stock splits etc. In fact my SID after stock split at that time showed up -100%.
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They really should do that. Because as of right now u cant judge anyone by their stats! Cheers Armin.
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The more time I spend on this site the less I like it. Very complicated, with too much useless/wrong information. I just keep logging in so I can see why other people are staying here, maybe I'm missing something?
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lonk
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78%
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0 point
commented 546 days ago
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Hmm... the site does not adjust for stock splits? Does it record cash dividends?
One thing I've noticed is that the community here logs on very few times a year (compared to other forums), as investors should. On the flipside, day trading is pretty much impossible due to how they update their prices each day (they don't). Some of the highest ranking members made a handful of stock picks years ago and haven't done anything since. Now, THAT's intriguing.
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Yes, SocialPicks count splits and dividends. We are also working on experimenting different ranking algorithm to take account of more recent picks.
Cheers,
Keven
SocialPicks
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lonk
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78%
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commented 543 days ago
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In my opinion, the basic compounding return formula is fine. It takes care of time. Besides, some people may just have a long time horizon, as in several years.
I was just mentioning the people who seemed to have made an account, choose a few stocks, and then never logged back on again.
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lonk
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78%
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0 point
commented 546 days ago
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Sorry for double posting, but this came as an afterthought. A very important afterthought that is the pinnacle of long-term investing.
Does this site compute returns as simple gains, or compounded? (i.e. a gain of 50% one year and 50% the next, is it an annual gain of 50% (simple) or 41.4% (compounded)?
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from now on I will just point things out on this site, most of it just seems to be a scam. I checked 2 of todays top picks. they are micro cap stocks. That may be subject to manipulation!!!!!! says so right there. hopefully nobody is stupid enough to buy them!!!!!!
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To Brady and Armin,
We do calculate events such as stock split. Unfortunately SID split event had slipped and we did not adjust accordingly. We have recently secured a better stock split calendar from our data provider and making a serious effort maintaining data integrity on SocialPicks.
If there is any concerns, please email us at help@socialpicks.com as we're always happy to hear from our users.
Regards,
Keven Lin
SocialPicks
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I understand that maintaining data integrity isn't an easy job and believe it will improve going forward.
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Kev i had some problems with accuracy, like when closing position mid day, the stock was trading over 10 and did so for hours but then it sad i sold at 8.50 this has happened a couple of times. Like new ipos AWK not even rated on my site Please help. Where can you find out which email i used to register. Thanks social picks is a great site and will only get better in time. We should expect some bugs here and there after all we are still beta? Whats the new thing with reuters?
thanks
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I have emailed you and discuss the issues you were experiencing.
Check out Reuter's StockBuzz (powered by SocialPicks) is up at
http://stockbuzz.us.reuters.com/
Cheers,
Keven
SocialPicks
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Wow I didn't know this thread was still active. I'm happy to see everyone ringing in.
To Kevin,
It's not so much the calculation of the stock splits but rather just an error in the reporting. For instance, a few days ago I had 4 or 5 winning picks out of 10. But the screen said 2 I think. I guess it's possible I just dont understand how it ranks people. There were a few other things in the ranking that seemed off too.
Also, I have a few suggestions for the site if you don't mind. First, I think that the Discuss! area should be more of a traditional forum with sub-catagories so the discussions are a bit more sorted. Also, I think members who are inactive for over a year should be deactivated. I mean, some of the top members haven't been on since 2006. Kinda screws up people who are looking to add subscribers. My last suggestion is that the charts for the stock quotes page be bigger. Sometimes that line is hard to see! haha.
Anyways, I like this site. I think it's pretty useful. I just think it needs tweeking. PS. I'm sorry if my english is bad.
Cheers!
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Stock splits are still not recorded correctly.MTL,PBR & SU all are showing 40% losses (????) after their stocks were split.
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