Stock Market Game

[Finnster]

OMG..still dropping. Really wish I would have sold more off. My PNX is down to $3.0x from ~$4.5.

Bunch of things got nailed. Hopefully market reaches a bottom soon as things get way oversold. Damn, if I only went to more cash sooner.... buying power dies bc of the margins. Ack...

[lutach]

Originally Posted by Finnster

OMG..still dropping. Really wish I would have sold more off. My PNX is down to $3.0x from ~$4.5.

Bunch of things got nailed. Hopefully market reaches a bottom soon as things get way oversold. Damn, if I only went to more cash sooner.... buying power dies bc of the margins. Ack...

I'm going to keep all my positions and see where the bottom comes and see how far up my positions will go. Maybe 5-10yrs from now when another bubble burts, I'll probably play the market for real.

[Finnster]

Originally Posted by lutach

I'm going to keep all my positions and see where the bottom comes and see how far up my positions will go. Maybe 5-10yrs from now when another bubble burts, I'll probably play the market for real.

lol.. If you review some of the 10yr avg returns on a number of things (stocks, mut funds, etc.) this might not be a bad idea.
Its bad when many of the major 401k funds we're offered at work have a YTD return of 40%, but the 10yr is 3%.

For F's sake, might as well buy something safe, wait for a bubble to burst, put it in during the recovery, then get the F out again.

In the meantime, you're way way ahead, so I got to work a bit harder :)

I knew it was time to sell when you starting seeing a lot of blogs and message boards lighting up lately talking about how "we are taking this b!tch to $X.X." Doing the opposite of the herd turns out right more often than not it seems.

[lutach]

Originally Posted by Finnster

lol.. If you review some of the 10yr avg returns on a number of things (stocks, mut funds, etc.) this might not be a bad idea.
Its bad when many of the major 401k funds we're offered at work have a YTD return of 40%, but the 10yr is 3%.

For F's sake, might as well buy something safe, wait for a bubble to burst, put it in during the recovery, then get the F out again.

In the meantime, you're way way ahead, so I got to work a bit harder :)

I knew it was time to sell when you starting seeing a lot of blogs and message boards lighting up lately talking about how "we are taking this b!tch to $X.X." Doing the opposite of the herd turns out right more often than not it seems.

Good thing this is only a game lol. Just watch how low I'll be in the next couple or maybe few months. I hope investors have a new game plan for the new year.

[ClodMaxx]

i may be in 18th place soon..... (sigh)

[lutach]

Originally Posted by ClodMaxx

i may be in 18th place soon..... (sigh)

I could say the same thing about myself. Nobody really knows what the market will do at the moment. Anything will drive it up or down. I have a higher risk of loosing everything then anybody in the game . Remember, I was in last place and I'm not making it up. I held my positions and when the market turned around I went to first place in a hurry.

[lutach]

Finnster,

Do you have any Pharmaceuticals in your portfolio (Not in the game)? If so, do they make the H1N1 vaccine?

OT: This will play a big part when I get the information from my uncles and a few other people.