Stock Market Game

[Finnster]

W00T! I joined and already in 12th place as I haven't lost anything!!!! Up UP UP!

lol

[lutach]

Originally Posted by Finnster

W00T! I joined and already in 12th place as I haven't lost anything!!!! Up UP UP!

lol

. Nice.

[Finnster]

Originally Posted by lutach

. Nice.

HA! Up $500 and have flown up to 11th place! Make way in the leaderboards!
lol


Re: Market

I'd be off a lot better if I always did what I meant to do. Unfort I keep trying to hang on for the last extra 10%, or wait too long to move, and I watch the wave pass by. Little making good returns, but the number of I times I would have been better to just stick to my plan rather than get greedy at the last minute.... Idiot. I've almost got the lesson drilled in, but I imagine its gonna take a few more times. ;) Limits are your friend.

[lutach]

Originally Posted by Finnster

HA! Up $500 and have flown up to 11th place! Make way in the leaderboards!
lol


Re: Market

I'd be off a lot better if I always did what I meant to do. Unfort I keep trying to hang on for the last extra 10%, or wait too long to move, and I watch the wave pass by. Little making good returns, but the number of I times I would have been better to just stick to my plan rather than get greedy at the last minute.... Idiot. I've almost got the lesson drilled in, but I imagine its gonna take a few more times. ;) Limits are your friend.

Knowing what the market will do next in this economy is tough. Just look at what I did, in less then a year I went from last place with less then $500,000 to over $9,000,000. The game basically started when my friend told me he was thinking about investing. I told him about this game and he got interested and I said we would start with a million. I told him I would just be messing around and I bought some bad stocks and he bought stocks that he thought was good, but now he's in last place and not playing anymore, keep in mind I was in last place. So I told him I would start playing for real and now I'm in first place lol. So now my plan is just to hold on to what I have until the end. I'll hoping Lehman goes to $5 . I'm surprised nobody jumped on GM and when they come out of the OTC (Pink Sheets) market, it should jump much higher. We'll see what the future will hold lol.

[Finnster]

Originally Posted by lutach

Knowing what the market will do next in this economy is tough. Just look at what I did, in less then a year I went from last place with less then $500,000 to over $9,000,000. The game basically started when my friend told me he was thinking about investing. I told him about this game and he got interested and I said we would start with a million. I told him I would just be messing around and I bought some bad stocks and he bought stocks that he thought was good, but now he's in last place and not playing anymore, keep in mind I was in last place. So I told him I would start playing for real and now I'm in first place lol. So now my plan is just to hold on to what I have until the end. I'll hoping Lehman goes to $5 . I'm surprised nobody jumped on GM and when they come out of the OTC (Pink Sheets) market, it should jump much higher. We'll see what the future will hold lol.

Its going to be impossible to get anywhere near you. You started the game in one of the biggest rallies in market history. Can't imagine how some people in real life made out. Too bad I had/have only so much cash to put in, so many good stocks and not nearly enough money to put down on even a decent number of them (unless I was looking to own a handful of shares...)

[lutach]

Originally Posted by Finnster

Its going to be impossible to get anywhere near you. You started the game in one of the biggest rallies in market history. Can't imagine how some people in real life made out. Too bad I had/have only so much cash to put in, so many good stocks and not nearly enough money to put down on even a decent number of them (unless I was looking to own a handful of shares...)

Have you checked the Pink Sheets or the OTC market? Study some of the more reliable companies and I've seen a few go from $0.001 to almost $1 (Very risky though). It mainly comes down to a number's game, the more shares you have the more profit you'll make if the stock goes up and having a share cost low will make it more feasible to many.

[Finnster]

Originally Posted by lutach

Have you checked the Pink Sheets or the OTC market? Study some of the more reliable companies and I've seen a few go from $0.001 to almost $1 (Very risky though). It mainly comes down to a number's game, the more shares you have the more profit you'll make if the stock goes up and having a share cost low will make it more feasible to many.

I've own/owned some of them in real life, but sometimes they are such a pain in the ass. Lots of return possible, sometimes lots of risk, and some times them just sitting there for years doing jack$h!t.

Couple stocks I had it was hard to sell them as even with the small amt I owned, the volume was so low I either had a big impact on the price, or had to wait and slowly dribble them off. I am not yet so clever to be really apt at evaluating them. Sometimes it seems like dumb luck too. IDK.

On the upside, I do own some more OTC stocks as they fell so much in the fall they got delisted!