Stock Market Game

[Finnster]

FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFUUUUUUUU UUUUUUUUUUUUUUUUUU$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<.

This market sucks. Oh how I wish I would have held onto my cash. I'm afraid to open the game to see how much $$ I'm down.

[lutach]

Originally Posted by Finnster

FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFUUUUUUUU UUUUUUUUUUUUUUUUUU$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<.

This market sucks. Oh how I wish I would have held onto my cash. I'm afraid to open the game to see how much $$ I'm down.

It kind of went up a little too fast. I would've felt better if it went up slowly. Lets see how far down it'll go. I'm down big time in the game as well.

[lutach]

Lets see if we're going to be green today.

[lutach]

Did somebody hit the panic button?

[Finnster]

Originally Posted by lutach

Did somebody hit the panic button?

I tried to. Turns out it was out of service and the parts are on backorder.
somehow ended in the green tho.
Not that it matters much, alot of my holdings are down 40% from a few weeks ago

[Finnster]

A few of my stocks have picked up finally again and given me some buying power back. Hopefully some good things will follow. I've wanted to do some things, but a couple major positions were so far down I was just stuck. We'll see what happens. G/l

[lutach]

Originally Posted by Finnster

A few of my stocks have picked up finally again and given me some buying power back. Hopefully some good things will follow. I've wanted to do some things, but a couple major positions were so far down I was just stuck. We'll see what happens. G/l

If I see one of my lagging position getting some steam, I just pick up more at the cheaper price and hope for the best . It usually pays out good in the end.

[Finnster]

Originally Posted by lutach

If I see one of my lagging position getting some steam, I just pick up more at the cheaper price and hope for the best . It usually pays out good in the end.

That's assuming you had any $ to buy. I had nothing to avg down w/. ;)

Did avg down on a couple things, mostly some realignments. I'm still way down on PNX from oct. Stupid me tried to daytrade it a bit at the top after I made a really nice gain in it, held it too long and rode it all the way back down. The margins in this game can really hurt you if you are on the wrong side of it. Sell for too much of a loss and its really hard to get the buying power back had you just held on to it thru the dip. eh, oh wells.

We'll see how it does, I like this mix of stocks better than the ones I had for the last couple mos. Might be a bit to realize, but hopefully plays out well.

[lutach]

Originally Posted by Finnster

That's assuming you had any $ to buy. I had nothing to avg down w/. ;)

Did avg down on a couple things, mostly some realignments. I'm still way down on PNX from oct. Stupid me tried to daytrade it a bit at the top after I made a really nice gain in it, held it too long and rode it all the way back down. The margins in this game can really hurt you if you are on the wrong side of it. Sell for too much of a loss and its really hard to get the buying power back had you just held on to it thru the dip. eh, oh wells.

We'll see how it does, I like this mix of stocks better than the ones I had for the last couple mos. Might be a bit to realize, but hopefully plays out well.

Yes, for me the $ was gone for a while, but now I'm using some of my gains and dumping it mainly on C.

[lutach]

Man C is doing a good job for me in the game now. I hope it stays bellow from the initial price I paid to rack up more profit if my other positions goes well to give me more buying power.

[Finnster]

lol, I'm not sure I know anything you don't already know about.
I'm mostly heavy on oils and energy, seems the more reliable play as long as the eco doesn't crap out amd prices stay higher. A lot of companies got killed last year, and low prices didn't help either. Some are doing much better now w/ the increased oil prices, and 2010 earnings should be better than '09 as long as prices stay up and if they didn't get buried in debt. Energy is more dependent on world eco than just the US, so spreads out risk a bit. Hopefully. :)

Other than that just picked up some beatdown losers w/ potential to pick back up a bit. May take a while tho. Nothing terribly exciting. We are coming close to 52wk highs again, so I'm wary of a pullback. Prolly will happen w/ my game portfolio, so hopefully I spent my buying power well while I had it. What I'd really like to see are some job growth #'s, even if its meager. It seems like there are signs it might be coming, but until it really does, everything is pretty tenuous. There are alot of things that can frag the whole thing up.

Just curious on your heavy movement into C (in the game not RL.) I've never really understood the heavy trading in C beyond daytraders and speculators. Fundamentals seem pretty bad, and there are so many wildcards there w. the lg govt ownership and all the other nonsense that goes on w/ the banks. I did buy some financials funds in RL last year after the crash, but I sold those off in Oct and haven't looked back. Made good $ off those, but way too risky for my tastes now even if the Fed is just printing money for them.

In the game I got a small 1% position on C. Seemed low and looked like was due for a bit of a run, but if it hits $4.50 I'd be happy. Otherwise just wild speculation. Given all your grandslams so far, I was just wondering if you were looking for something bigger.

[lutach]

Originally Posted by Finnster

lol, I'm not sure I know anything you don't already know about.
I'm mostly heavy on oils and energy, seems the more reliable play as long as the eco doesn't crap out amd prices stay higher. A lot of companies got killed last year, and low prices didn't help either. Some are doing much better now w/ the increased oil prices, and 2010 earnings should be better than '09 as long as prices stay up and if they didn't get buried in debt. Energy is more dependent on world eco than just the US, so spreads out risk a bit. Hopefully. :)

Other than that just picked up some beatdown losers w/ potential to pick back up a bit. May take a while tho. Nothing terribly exciting. We are coming close to 52wk highs again, so I'm wary of a pullback. Prolly will happen w/ my game portfolio, so hopefully I spent my buying power well while I had it. What I'd really like to see are some job growth #'s, even if its meager. It seems like there are signs it might be coming, but until it really does, everything is pretty tenuous. There are alot of things that can frag the whole thing up.

Just curious on your heavy movement into C (in the game not RL.) I've never really understood the heavy trading in C beyond daytraders and speculators. Fundamentals seem pretty bad, and there are so many wildcards there w. the lg govt ownership and all the other nonsense that goes on w/ the banks. I did buy some financials funds in RL last year after the crash, but I sold those off in Oct and haven't looked back. Made good $ off those, but way too risky for my tastes now even if the Fed is just printing money for them.

In the game I got a small 1% position on C. Seemed low and looked like was due for a bit of a run, but if it hits $4.50 I'd be happy. Otherwise just wild speculation. Given all your grandslams so far, I was just wondering if you were looking for something bigger.

I learn new things everyday . I like how you think and it's always good to bet on things people need, specially in colder climates.

A pullback will come. People like to take profits and sometimes a panic will happen, but it's just part of the market.

Well, the real story goes deeper, but I'll keep it simple. I had a choice of companies such as BofA, JP Morgan, Goldman Sachs, Wells Fargo and a few other big financial. Out of the big ones out there, which is the cheapest? I think Citi is. If you bought it in RL for $3.50, then you would've been in good shape depending on how many share you bought. Keep in mind, Citi was one of the biggest if not the biggest company at a certain time. Greed is the name of the game and all investors should be greedy. If they want they can push the stock up to the moon. I would love to say more, but it would make me feel bad if what I say turns out to be a bad bet. I go with gut feeling even if the company is the worst in the world. I also don't think the US Gov. likes to loose money.

[Finnster]

Originally Posted by lutach

I learn new things everyday . I like how you think and it's always good to bet on things people need, specially in colder climates.

A pullback will come. People like to take profits and sometimes a panic will happen, but it's just part of the market.

Well, the real story goes deeper, but I'll keep it simple. I had a choice of companies such as BofA, JP Morgan, Goldman Sachs, Wells Fargo and a few other big financial. Out of the big ones out there, which is the cheapest? I think Citi is. If you bought it in RL for $3.50, then you would've been in good shape depending on how many share you bought. Keep in mind, Citi was one of the biggest if not the biggest company at a certain time. Greed is the name of the game and all investors should be greedy. If they want they can push the stock up to the moon. I would love to say more, but it would make me feel bad if what I say turns out to be a bad bet. I go with gut feeling even if the company is the worst in the world. I also don't think the US Gov. likes to loose money.

Ironic thing to say about someone who is $10T+ in debt, then again, when push comes to shove, I'm very sure in their ability to make things come out as a winner when they need it to. If anything, prolly gives them more incentive for things to come out a plus.

I do share your thoughts on the "when" aspect of it. I know a guy at work who bought C @ $1 a year ago. Had I some more spare cash to gamble with, I would have done the same. However, once it was up to $4 in april and Geithner was releasing the "stress test" results, I would have taken my money and ran (I even half jokingly said this to him when we were talking then.) A yr later and the F'ing stock is still @ $4, while the rest of the market is up 60-70%. He still has that stock and is still waiting for it to do something. Supposedly the gov't is going to try and cash out this yr, and Citi has been selling things off to pay debts, I just couldn't guess what the stock will be like as that happens, and what will remain of the company as it sells off the parts of it anybody else actually wants.


Makes me wonder about the whole Toyota thing as well. Obviously Toyota has made some mistakes, but its not hard to imagine the whole recall and safety controversy isn't being played up to beat down foriegn car makers when the domestics are the weakest they have ever been (excl F,) and the govt overseeing the car safety regs also owns the top competitor, all in the largest car market in the world. GM IPO in 2011 IIRC right?

[lutach]

Originally Posted by Finnster

Ironic thing to say about someone who is $10T+ in debt, then again, when push comes to shove, I'm very sure in their ability to make things come out as a winner when they need it to. If anything, prolly gives them more incentive for things to come out a plus.

I do share your thoughts on the "when" aspect of it. I know a guy at work who bought C @ $1 a year ago. Had I some more spare cash to gamble with, I would have done the same. However, once it was up to $4 in april and Geithner was releasing the "stress test" results, I would have taken my money and ran (I even half jokingly said this to him when we were talking then.) A yr later and the F'ing stock is still @ $4, while the rest of the market is up 60-70%. He still has that stock and is still waiting for it to do something. Supposedly the gov't is going to try and cash out this yr, and Citi has been selling things off to pay debts, I just couldn't guess what the stock will be like as that happens, and what will remain of the company as it sells off the parts of it anybody else actually wants.


Makes me wonder about the whole Toyota thing as well. Obviously Toyota has made some mistakes, but its not hard to imagine the whole recall and safety controversy isn't being played up to beat down foriegn car makers when the domestics are the weakest they have ever been (excl F,) and the govt overseeing the car safety regs also owns the top competitor, all in the largest car market in the world. GM IPO in 2011 IIRC right?

The $10T+ should be close to $15T+ . I agree with the rest .

I don't think they'll sell C just yet. Something might push the stock higher as others got pushed on what might be media hype and other things depending on the industry.

The Toyota thing to me is just a big set up by who knows who . I heard the 911 call from that 90MPH+ Prius and it was just plain simple BS. The 911 dispatcher said 2 times if the dumb ass had put the car on neutral, but the dumb ass didn't and probably acted like he didn't know what to do. A lot of people lack the simple thing called common sense and I know people in other places are about that joker. I would definitely not let him drive again. Toyota should get smart and find the source of the problem, isn't most parts for their vehicles sourced out? Everything just sounds strange, specially when other auto makers take advantage of the problems.

[Finnster]

Originally Posted by lutach

The $10T+ should be close to $15T+ . I agree with the rest .

I don't think they'll sell C just yet. Something might push the stock higher as others got pushed on what might be media hype and other things depending on the industry.

The Toyota thing to me is just a big set up by who knows who . I heard the 911 call from that 90MPH+ Prius and it was just plain simple BS. The 911 dispatcher said 2 times if the dumb ass had put the car on neutral, but the dumb ass didn't and probably acted like he didn't know what to do. A lot of people lack the simple thing called common sense and I know people in other places are about that joker. I would definitely not let him drive again. Toyota should get smart and find the source of the problem, isn't most parts for their vehicles sourced out? Everything just sounds strange, specially when other auto makers take advantage of the problems.

I saw some of that call during lunch today. I liked the part where the guy called in saying his car wouldn't stop, and the dispatcher responded by asking what Toyota he drove. HA!!!!1

IDK about the rest. Could be the guy was freaking out and not thinking, or he may be the next balloon boy. Time will tell. What I don't like about all the drive by wire stuff is that you are not in control of the car anymore. You push the brake and hope that the computer decides to listen to you.
I also heard some advice from Toyota that to turn off the car (if its speeding out of control) is to hold down the "start button" for 3s, then the car will stop. Sounded like they are changing some of the programming, such as a brake signal will override a accel signal (brilliant!). What BS.
Thought I also heard that the car will lock out shifting to Neutral if you are driving, as Toyota assumes to are too fraking stupid to know how to drive, and you didn't really mean to do what you said and should be ignored. I thought this was the case in that runaway Lexus case. The driver (a cop even) had a rental Lexus, it took off on him, he calls 911 as he's going 100mph and already burned out his brakes from standing on them. If it won't shift to N, brakes don't work, and there is no key to turn off, WTF do you do? You are strapped to a 350hp 4000lb rocket and are just hoping for the best.


Personally, I like my manual and having control over my car. If I want to take it out of gear, I press in the clutch.


I did read also that alot of these car companies don't design their own parts anymore, and more function as integrators of 3rd party sourced parts. These parts may also be shared across many car co's if they use the same source company. GM may be using some of these pedals.

Edit: thought I did hear Mark Zandi quote $14T as the debt the other day. Ah, whats a few trillion between friends?