Stock Market Game

[Finnster]

I gotta try this for practice for real life. Looks a lot less painful. :)
Been doing OK lately, the whole rally since Mar has been good, but I'm worried that the market is looking to correct and pull down a bit. 2Q is almost up, and IDK how well the earnings will boost things back up. My thought is things will be a bit sobering.

Have to give this a try :)

[Finnster]

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

lol

[lutach]

Originally Posted by Finnster

I gotta try this for practice for real life. Looks a lot less painful. :)
Been doing OK lately, the whole rally since Mar has been good, but I'm worried that the market is looking to correct and pull down a bit. 2Q is almost up, and IDK how well the earnings will boost things back up. My thought is things will be a bit sobering.

Have to give this a try :)

Since I started this game, if I had done exactly what I did, I could've cashed with a nice return. The market right now is a bit complicated. One day you can see a Pharma company gain over 500%, but the next it'll probably drop that much . A lot of investors now are in it to make a quick profit and cash out. If you know how to surf, you can put that into the stock market now. You will get some good waves and those waves will eventually break and then there will be that one wave that is the biggest from time to time. If one has the real $$$$ to invest right now, there are a lot of good companies that are down 30-70% from their highs so it's a good time to hold some stocks for the long run. If you are in it for a quick profit, do your homework and look into the Pharma sector as any little news regarding new drugs, phases and FDA approvals comes up the stock goes up to the moon, just make sure you cash out in time.

[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]

Dammit, put in a limit order on Smith and Wesson (swhc) yesterday, just missed it, and it closed +22% today. Dammity damn damn. Good thing this is just a game. :)

[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.

[lutach]

Originally Posted by Finnster

Dammit, put in a limit order on Smith and Wesson (swhc) yesterday, just missed it, and it closed +22% today. Dammity damn damn. Good thing this is just a game. :)

With all the crap going on with some crazy countries out there, any weapon manufacturer will be doing good at this time.

I hope Dry Ships (DRYS) get it together before the game ends and Lehman goes up lol.

[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!

[lutach]

Originally Posted by Finnster

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!

Some times I tell people the stock market is like a lotto and one can get lucky playing it . The market right now is just too risky even if one owns great stocks. Any little crap will effect the market nowadays, but it's a great time to get in to make some very good $$$$$ in 5 to 10yrs from now.

[stock-penny]

I really enjoy playing investment games.

I still relish those old days when we used to play Monopoly Board Game

Monopoly is the most commercially-successful board game in United States history, with 485 million players worldwide

[lutach]

Originally Posted by stock-penny

I really enjoy playing investment games.

I still relish those old days when we used to play Monopoly Board Game

Monopoly is the most commercially-successful board game in United States history, with 485 million players worldwide

Good thing it's only a game lol. I'm getting pounded with a few picks I made.

[lutach]

Only 91 days left in this game and I just bought all the Brasilian stocks listed in the NYSE lol. I know a few might get canceled, but that's my plan before the games ends. Some of you guys are doing good.