Stock Market Game

[lutach]

Originally Posted by Finnster

IDK, haven't time to look really. My gains have been good, but otoh, I'm working my ass off for 20% gains only to watch some chitty gov't bailout bank flying up 100's of % in a month and you feel like a chump.
The portfolio is more or less what I've been doing w/ my real money, just much more aggressively, with some side experiments, and quite a bit more money. I'm getting a bit iffy on the market w/ all the finacial action going on. Wonder if its a bit more speculation than reasoned investing, and cause for worry about a pullback here before too long. IDK.
OTOH, if you can't beat em, join em. I'd like to have a day where I close above 1.5M. Its gone over a couple times, but didn't hold to close. If I can hit that, maybe I'll do some wild speculating an let it ride wherever it takes me. IDK, I threw some money in DXD for a hedge and we'll see where that goes. I have quite a bit of cash on hand, so really I'm waiting at this point.

I feel you man. In reality outside the game, it really takes a lot of guts to gamble on anything now. Stocks could go north in a flash for no reason at all, but it could also go south the same way. The US Government will make some huge amounts of money with the banks they helped, but they could've made a lot more if they helped Lehman. Lehman right now has a nice sum of cash and some really good assets that some said to be worth more then most of the banks that got bailed out. I hope there's not a big pullback to mess up this nice little upward motion were getting.

[lutach]

Did anybody else jump in Lehman early today? This stock could've pushed almost everybody to over $2 million.

This is bringing back a lot of good memories of my stock broker days .

[Finnster]

Originally Posted by lutach

Did anybody else jump in Lehman early today? This stock could've pushed almost everybody to over $2 million.

This is bringing back a lot of good memories of my stock broker days .

I tried to.. set limit too low and missed it. :(

I have no idea how to value this stock, altho I am almost tempted to buy some for real with some throw away money ($1K) and see how it goes. If I could buy for .10 or .15, what's the most I could loose? Few hundred bucks seems like a good gamble if it does come close to $1

What do you think? Stupidity?

[lutach]

Originally Posted by Finnster

I tried to.. set limit too low and missed it. :(

I have no idea how to value this stock, altho I am almost tempted to buy some for real with some throw away money ($1K) and see how it goes. If I could buy for .10 or .15, what's the most I could loose? Few hundred bucks seems like a good gamble if it does come close to $1

What do you think? Stupidity?

Oh man...I should've doubled down when it was $0.03, but I thought it was going to make a move back then. In the game, I'm just taking advantage of the buying power I get when it moves up and it's been awesome lately.

If you go by the amount of cash and assets they have, this stock is a bargain. They have more cash then FNM, FRE and AIG which are all backed by the Government. It'll be a roller coaster ride, but I would love to see it at the same level or higher then FNM or FRE.

I think LEHM is a great value, but the traders will decide whether it has a real shot to over $1. If you do have the cash to go in, see if you can grab some at $0.15 or less and hold it for a while. Buy more if you can and if Lehman comes out of Bankruptcy you'll come out good too.

[lutach]

Finnster,

If you do have the money to play with LEHMQ (For real), it might be risky right here, but it looks like it's holding just above $0.20. Now this is just my opinion and it could go back down to $0.05, so I'll leave this up to you now.