+150% W000T:party:

got your $20M! My PNX had an awesome day, but not that good. Stupid me chickened out and sold a good deal off @ $2.5 when it was heading down hoping to buy it again on one of the dips its been doing, but it rocketed at the end of trading here and closed at $3 and I missed closing at my $1.5M target. Monday should be interesting... :)

:lol: It's actually 200% now. What a day and even my friend jumped on Lehman and made some profit. If he had put all his money on it, he would've done better. I got in PNX when it went down big, but I only bought a small amount. I was able to get up to the 50 shares of BRK.A and at closing I bought over 700,000 shares of Citi (C) :lol:. I reached my goal and now I'm just going to mess around with the pink sheets stocks. You guys will see me holding a few billion shares of them if I get more buying power.

In your opinion, whats the deal w/ all these busted financials going nuts lately? C, AIG, FNM, even Lehman. Is this getting to be irrational BS, or is there real value there?
Hard to fight the trend right now, but I'm not that confident is sustainable for the short term.

They (The investors) are just trying to recover what ever they lost in my opinion. A lot of investors have lost and are still loosing money on C, FNM, Lehman and a few others, so this is just something to cover their losses. Financial companies are still fragile as they required the most life line. I'm really hoping the market keeps going up, but it's very hard and there could be a panic of some sort which will cause a mass sell out.

What I think the trend right now is, most stocks will suffer greatly on a downgrade and any bad news out there, but most stock will gain greatly with an upgrade and good news. Pharmaceutical stocks are a trip and can be awesome if one goes in before any FDA approvals, but will suffer if it doesn't pass.

Right now is the time to go in long. Find a solid company and stick with it for a while. There are a lot of companies out there that have gone up since the bottom, but are still 50% and more lower then it's highs. So if anyone has the money to invest, a year ago would've been the right time, but anyone can still make good money now.

If my friend had bout nothing but Lehman, he would've made up the money he lost. I forgot to mention to him what my plans are for the very cheap stocks I bought, but he bought one of them. I'll talk to him tomorrow and maybe Lehman will go to about $0.30 or more so he might still have a chance. I went down the list of all the Brasilian companies listed on the pink sheets and I know most of the stocks I'm currently buying will not go through, but will be what I'll eventually buy before the game ends.

Lehman rocks :lol:.

Finnster,

What are you going to buy next?

Does any RC company issue stocks at all? Would be nice and since I got to the $20 million mark, I would just put all of it in it until the end of the game.

Lehman rocks :lol:. Might hit $1 or 2, but it could also go back to $0.03 or 0.05 in the next few weeks. It would certainly be nice to get $100,000,000+ out of $1,000,000.

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.

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 :lol:.

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.

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.

Oh IDK. Its Monday and I've had little sleep and I'm thinking weird things. Sold out one of my positions right before it climbed 11% today. Maybe I should step away from the keyboard before I do somethign dumb.

IDK on the Lehman. I guess the thing I don't understand is what the hell people are buying? If if did gain any value, wouldn't it all just go to bondholders and lawsuit claimants? Some story out today claims $100B in liabilities. What would stockholders get?
That doesn't mean the stock can't go up, I just don't get the point. Sort of like the MTLQQ. Even the CEO is saying not to buy the stock, its future price will be 0, its a liquidation Co, and any new GM will be under a new IPO unconnected to this ticker, but millions of shares trade daily. ? I know I have lots to learn, only really started trading this year, but this just doesn't make sense to me.

Anyway.. I think perhaps I'll ride w/ PNX for a bit. They got downgraded today, but the stock didn't budge, and actually climbed to a new high. Lots of volume as well. There was a ton of insider buying a while back in Mar as well. We'll see if my portfolio survives myself yet.

A day trader will go in make his money and get out, I'm more of a long term guy and usually try to hold a stock as long as I can (DRYS sucks lol). So this might not be for everyone. Sometimes, what might be down in the morning will go up in the afternoon and some will just go to the roof the next day.

The $100B thing is Lehman UK which makes no sense at all. Lehman has real cash and a lot of assets which can be used to pay up, but it's the traders who will decide where the stock will go. Cheap stocks are mainly what the day traders I know buy. They go in and buy more shares (It's what really counts at the end) and hope the stock moves and they make their money on it. I know guys who can easily make $5-10K a day and I'm sure they're using MTLQQ to make some profit. In the end it's all about going in and getting out at the right time even if a stock will no longer be there.

I like my 25K shares of PNX, I didn't go big there just to see what it would actually do and it's up $1 for me. I'll keep it at that for now. I just hope Lehman can go to $1 before the game ends. I'll just ride this out until the end. My portfolio has been crazy since the biggining. It went to the center of the earth and now it's making sure Pluto is really a planet or not lol. If Lehman goes to $1, it will be looking for new life in a new solar system. What a ride for sure.

Now for real though, investing in anything is risky and one must do his/her homework before investing.

I would like to know if you guys want me to edit the game's date so we can continue with this one for a while longer? Let me know what you guys think.