Stock Market Game

[Finnster]

$11B.. lol Makes you wonder what RCM is worth.
Facebook and twitter? IDK, I don't get it. Maybe I'm just getting old, but I have desire to twat to strangers on the internet what I'm having for lunch, and I can't understand why anyone would care. Seems very narcissistic to me.

Then again, I do have a smartphone I love (RCM now lives in my pocket lol), but I haven't had cable or sat TV in my house since 2003. The $8500 it would have cost me since then would have truly bought me nothing.

[lutach]

Originally Posted by Finnster

$11B.. lol Makes you wonder what RCM is worth.
Facebook and twitter? IDK, I don't get it. Maybe I'm just getting old, but I have desire to twat to strangers on the internet what I'm having for lunch, and I can't understand why anyone would care. Seems very narcissistic to me.

Then again, I do have a smartphone I love (RCM now lives in my pocket lol), but I haven't had cable or sat TV in my house since 2003. The $8500 it would have cost me since then would have truly bought me nothing.

RCM is priceless. I should make Carabook or Rostobook (cara and rosto means face in Portuguese) and Pipiutter (pipiu is the noise a bird makes in Portuguese). Holy crap, I'll take $1B for each . Just wait until shit happens to the internet. I guess the ones doing all the wrong hate when the real info can be found over the net. Good thing you're saving all that money, there's hardly anything good on TV nowadays. I do enjoy auto racing and Futebol. I have a blast with the other stuff. You should see how the truth can be found in cartoons, but people don't think nothing of it .

[lutach]

The smell of money:

http://finance.yahoo.com/career-work...lionaires-2010

Edit: Someone familiar is in 8th place .

[lutach]

Finnster,

Here are a few numbers for the Debt:

US National Debt: $12,516,4XX,XXX,XXX.XX
US Federal Spending: $3,538,8XX,XXX,XXX.XX

So far the Debt per Citizen is just over $40K and the Debt per Taxpayer is just over $114K.

Here's the shocker.

US Total Debt: $54,754,4XX,XXX,XXX.XX

(The X donates to the amount that might change daily).

Remember when I said watch the billionaires. Amazing how that Brasilian guy made over $19B. A few made over $10B which is amazing.

[Finnster]

Originally Posted by lutach

Finnster,

Here are a few numbers for the Debt:

US National Debt: $12,516,4XX,XXX,XXX.XX
US Federal Spending: $3,538,8XX,XXX,XXX.XX

So far the Debt per Citizen is just over $40K and the Debt per Taxpayer is just over $114K.

Here's the shocker.

US Total Debt: $54,754,4XX,XXX,XXX.XX

(The X donates to the amount that might change daily).

Remember when I said watch the billionaires. Amazing how that Brasilian guy made over $19B. A few made over $10B which is amazing.

Its astounding, the mess we've worked ourselves into for the last 30 yrs. I bet 2009 will go down as one of the biggest wealth transfers in history.


I'm cautiously optimistic for 2010. What I am hoping to see is moderate eco and job growth starting in the next few months. Sounds like businesses have quite a bit of cash (the ones doing well at least) so there should be some interesting activity. I think the US eco will be fairly resiliant.

However, a few things to really watch for, or at least my predictions/guesses for 2010.

A.) Its an election year. Never underestimate the stupidity of politicians to screw things up (goes for any party) and sabotage a recovery for personal gain.

B.) Smaller world economies destabilizing. Greece, Spain, Iceland, etc. Greece had Goldman Sachs papering over their debt. Makes you wonder where else this will be discovered. Latvia sounds in a bad way too. Could be tip of an iceberg.

C.) The debt. I thought last yr Obama basically had two years to run the high deficits to try and get the eco going. We'll see how it works. No doubt tax increases, spending cuts and entitlement reform are coming next year. It will be as well recieved as the austerity cuts in Greece are being recieved now. It will also be up to Congress to make the cuts into law. It will be highly unpopular, and Congress is pretty disfunctional as it is just doing popular things.

D.) People and business are going to be pissed come 2011. Job growth is prolly going to be slow even best case scenario. Raising taxes and pension ages will not go down well. Not doing it will be even worse.

Overall, I am hopeful for 2010 as far as stocks go (dep on jobs/gdp growth.) As Nov comes around, I think things will get very dicey, and 2011 could be a very ugly year. IDK if I want to be in the market then (leaning towards no until the dust settles.) Lots of variables and unknowns can occur. I bet a lot a lot of other people will keep one hand on the exit door.

[Finnster]

Originally Posted by lutach

The smell of money:

http://finance.yahoo.com/career-work...lionaires-2010

Edit: Someone familiar is in 8th place .

No wonder you are doing so well in the game, Bastitas have the touch :) Few more mos and you'll be up there w/ him. I'd like to see that family reunion.

No doubt last year was going to be a banner year for those poised to take advantage of it. I tried to get in there and do the best as I could, but I have nowhere near the resources and understanding of the world and business those guys do. The latter is what I really envy. I wouldn't want the burden and responsibility of so much wealth, but I wish I understood the world so much better than I do.
So much goes on at their level. I feel like I could be good enough at the game, if I only knew what game was being played and what the rules are. lol
Unfortunately, so much of the day is spent between work and family responsibilities, there is little time left to really spend trying to learn this stuff.

[lutach]

Originally Posted by Finnster

No wonder you are doing so well in the game, Bastitas have the touch :) Few more mos and you'll be up there w/ him. I'd like to see that family reunion.

No doubt last year was going to be a banner year for those poised to take advantage of it. I tried to get in there and do the best as I could, but I have nowhere near the resources and understanding of the world and business those guys do. The latter is what I really envy. I wouldn't want the burden and responsibility of so much wealth, but I wish I understood the world so much better than I do.
So much goes on at their level. I feel like I could be good enough at the game, if I only knew what game was being played and what the rules are. lol
Unfortunately, so much of the day is spent between work and family responsibilities, there is little time left to really spend trying to learn this stuff.

I don't know what you're talking about . I just got lucky in the game and I don't mess with stocks in RL anymore

My little one keeps me busy before school and after school. In between I try to relax and not let my clients bug me.

[Finnster]

On my other stocks, I had picked up FHCO in Jan for ~$4.60 and was excited for that. Unfortunately I sold it off (trying to buy more in Feb.) I had put in a limit order at the same price to buy it back, but missed it as it was not GTC. Dammit. Let it slip my mind and didn't go back to it.

Looked at it today as its had moved nicely upto $7, went to go look at the earnings and remembered I didn't go back and put in another order. Ack..... should have just done a market order.

[lutach]

Originally Posted by Finnster

On my other stocks, I had picked up FHCO in Jan for ~$4.60 and was excited for that. Unfortunately I sold it off (trying to buy more in Feb.) I had put in a limit order at the same price to buy it back, but missed it as it was not GTC. Dammit. Let it slip my mind and didn't go back to it.

Looked at it today as its had moved nicely upto $7, went to go look at the earnings and remembered I didn't go back and put in another order. Ack..... should have just done a market order.

Most of the time I let my gut feeling do the trading and those are in the super green and the ones in super red are the ones I used my brain to pick . In the game I only do market orders.

[Finnster]

Man, I starting looking into the financial sector, and it really has been on fire. I said earlier I've pretty much ignored it since Oct, but its really been moving here the last 2 wks.

I'll have to start paying more attn. Personally, I would feel nervous about moving into something that has had so much movement up lately, then again you never know.

I've got $2M to play w/. I'll have to watch the banking sector more closely and rethink my bias. Had a good run w/ DPTR, but I'm out for now. It may pop, but may slide down to ~$1.

Looking at some of C's competitors, they've all had good runs, but look a bit toppy. C looks like it has some room to run, but IDK short term. Its a wild stock. Maybe wait for a bit, watch for a pullback and buy some FAZ.

[lutach]

Originally Posted by Finnster

Man, I starting looking into the financial sector, and it really has been on fire. I said earlier I've pretty much ignored it since Oct, but its really been moving here the last 2 wks.

I'll have to start paying more attn. Personally, I would feel nervous about moving into something that has had so much movement up lately, then again you never know.

I've got $2M to play w/. I'll have to watch the banking sector more closely and rethink my bias. Had a good run w/ DPTR, but I'm out for now. It may pop, but may slide down to ~$1.

Looking at some of C's competitors, they've all had good runs, but look a bit toppy. C looks like it has some room to run, but IDK short term. Its a wild stock. Maybe wait for a bit, watch for a pullback and buy some FAZ.

You will soon be right there with me. Last time I checked I had -$3M to play with . I should have some buying power soon .

[lutach]

Poor WAMUQ . I should went with my gut feeling . Lets see how far C will go before it goes up again.

I was watching CNBC to see what they would say on C, but heard nothing special. Now I heard some very interesting things though. One doctor went there to talk about the salt banning in NYC and boy he let some stuff slip that got the attention of someone real fast. One of the hosts was asking about what he said, someone caught it quick and once again they had to go . He said something in regards to the US Government paying for some medications that one of the hosts mentioned and the US was allowed to do what ever it wanted. He also said salt causes obesity. If that fool wants to do something, why not ban all the corp. fast food places then.

Also, it's funny how they (CNBC) claims the economy is getting better. They should not mix up the Stock Market with the real economy. Someone with some balls should buy all the media and let tell all the sponsors to go F themselves and talk about real stuff that goes on.

I'm going to post something in my other thread and I hope people won't get shocked.

[Finnster]

I'm going to be a bit silly and short FAS. Buying FAZ kinda sucks for returns. Said I wouldn't do anymore shorts, but hey, its Friday and I'm feeling dangerous.
Might be a bit too early before the Q1 is over, but we'll see. Holding onto some cash otherwise.

Edit: Meant to post this this morning. I'll post it now and see how dumb this was....

[Finnster]

Originally Posted by Finnster

I'm going to be a bit silly and short FAS. Buying FAZ kinda sucks for returns. Said I wouldn't do anymore shorts, but hey, its Friday and I'm feeling dangerous.
Might be a bit too early before the Q1 is over, but we'll see. Holding onto some cash otherwise.

Edit: Meant to post this this morning. I'll post it now and see how dumb this was....

W00t.. I did this on the open and am up a whole .6%!!!! I'm rich!!!!1 yeah!1111one


anyways... feeling very silly today. I'll have to read what you posted in the other thread luciano.

[lutach]

Originally Posted by Finnster

I'm going to be a bit silly and short FAS. Buying FAZ kinda sucks for returns. Said I wouldn't do anymore shorts, but hey, its Friday and I'm feeling dangerous.
Might be a bit too early before the Q1 is over, but we'll see. Holding onto some cash otherwise.

Edit: Meant to post this this morning. I'll post it now and see how dumb this was....

Originally Posted by Finnster

W00t.. I did this on the open and am up a whole .6%!!!! I'm rich!!!!1 yeah!1111one


anyways... feeling very silly today. I'll have to read what you posted in the other thread luciano.

I should look into some ETF. I used to love the QQQ.

You'll be surprised about the think I posted in my other thread. I was.