Stock Market Game

[lutach]

Originally Posted by Finnster

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.

[lutach]

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.

[lutach]

Lehman is showing some good resistance at around $0.18-0.19, but it did dip to the low $0.15 (Might have hit less) today. It might still have good potential to go to above $0.50, but it's a very risky move.

Note: I got in MTLQQ when the ticker was still GM and later changed to GMGMQ. I was going to sell it when it went above $1, but I kept it just for the hell of it.

[Finnster]

Originally Posted by lutach

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.

I don't mind. End of the year makes sense to me. Lot of us got in late anyway. Should be interesting during that time anyway.


IOW.. market is taking a beating now. I bought more PNX just before it dropped 20% >_<

Buying up more and hoping gor the best. the only one I got in the green in teh DXD I got a few days ago to hedge against a drop. Knew it was coming, but hopefully this is just a small correction. Hell of a run we've had and some financials got a bit silly imo.

[lutach]

Originally Posted by Finnster

I don't mind. End of the year makes sense to me. Lot of us got in late anyway. Should be interesting during that time anyway.


IOW.. market is taking a beating now. I bought more PNX just before it dropped 20% >_<

Buying up more and hoping gor the best. the only one I got in the green in teh DXD I got a few days ago to hedge against a drop. Knew it was coming, but hopefully this is just a small correction. Hell of a run we've had and some financials got a bit silly imo.

Ok, I'll keep the game going.

Taking a beating with good news, it's kind of strange. Maybe everyone is just to worried and got some profits. I hope tomorrow will be better. I thought PNX was going to the moon today. It did go over $3.

Yeah man, it was a great run there. I think Lehman will still show it's pink sheet strength soon. Hopefully it'll come out of bankruptcy and it'll show everyone what a monster the company really is. Too bad LEHMQ will most likely go away . I got some screen shots though to keep as a nice memory and if it goes up more I'll just keep taking screen shots lol.

[Finnster]

Haha re PNX. I bought a bunch back and sold off some stuff w/ less potential. I was actually doing this today w/ my real $, and if I was 20min slower I would have caught it after the drop. Sucks to go away, come back to you desk and seeing the thing you just bought down nearly 20%. Fook.
Got a major position now in it in the game again, so I hope it pulls back soon. If it gets to $5-6 like I'm hoping it will be awesome. No Lehman, but not too bad either.


I am bullish on it tho. I had a good feeling the market was due for a drop. Hopefully its just a minor correction. I was hoping it would not get dragged w/ the market, but I guess I was being optimistic. You never know tho. Least the DXD is green today. W00t 3%!

[lutach]

Originally Posted by Finnster

Haha re PNX. I bought a bunch back and sold off some stuff w/ less potential. I was actually doing this today w/ my real $, and if I was 20min slower I would have caught it after the drop. Sucks to go away, come back to you desk and seeing the thing you just bought down nearly 20%. Fook.
Got a major position now in it in the game again, so I hope it pulls back soon. If it gets to $5-6 like I'm hoping it will be awesome. No Lehman, but not too bad either.


I am bullish on it tho. I had a good feeling the market was due for a drop. Hopefully its just a minor correction. I was hoping it would not get dragged w/ the market, but I guess I was being optimistic. You never know tho. Least the DXD is green today. W00t 3%!

I can't wait for a time machine . I'll just keep my 25K shares of PNX and see where it takes me. I wasn't expecting it to drop like that, but it looks like a steady hold now so maybe tomorrow things will get better. Lehman is also holding a steady pace here.

[Finnster]

Well that was a crap day. Lost 200K. PNX got killed as said, but I had aquired some Rambus, but their anti-trust trial got delayed today and that took a tumble too. Week hasn't been going so well so far. I'm hoping this won't be another ugly Sept/Oct.

Oh well, least I'm not back to 15th place again. I doubled (maybe tripled lol) down on PNX, so lets see where that goes.

[lutach]

Originally Posted by Finnster

Well that was a crap day. Lost 200K. PNX got killed as said, but I had aquired some Rambus, but their anti-trust trial got delayed today and that took a tumble too. Week hasn't been going so well so far. I'm hoping this won't be another ugly Sept/Oct.

Oh well, least I'm not back to 15th place again. I doubled (maybe tripled lol) down on PNX, so lets see where that goes.

I can't complain, but yes it was an awful day. Maybe tomorrow it'll gain what it lost today. That sucks about Rambus, they're a good company. I'm really hoping to see everyone on the positive side. Right now I'll just sit back and wait until I get more buying power.

[lutach]

Nice job Finnster, 3% on a crazy day like today is not bad at all. I hope tomorrow will turn out better then today. I hope traders will make it a good Friday for everyone to enjoy the weekend .

[lutach]

I hope I get lucky with THMRQ. I see that THMRO is up 512% and THMRN will be up 3158% real soon.

[Finnster]

Originally Posted by lutach

I hope I get lucky with THMRQ. I see that THMRO is up 512% and THMRN will be up 3158% real soon.

lol.. that's some low volume tho. 800 shares. Did you aquire any meaningful amt of shares?

I was wondering if the game limits you to avg volume on selling like it does on buying. Couple of stocks I wanted to buy were so low avg volume that I could only get like $5K of stock at a shot which ended up being a big waste of time.

[Finnster]

Holy crap man. $40K into $12M..? yeah that's like the lotto. :)
And I was happy w/ my 5%'s I've been pulling all week. Finally closed above $1.5M. 50% total return over two/three hard fought months.
But you pulled a 66% return on an already $17M portfolio in a day. Damn. Whenever I'm just starting to feel rich something else happens to make me feel really really poor. ;)
You're playing this game on a whole 'nother level. :)

[lutach]

Originally Posted by Finnster

Holy crap man. $40K into $12M..? yeah that's like the lotto. :)
And I was happy w/ my 5%'s I've been pulling all week. Finally closed above $1.5M. 50% total return over two/three hard fought months.
But you pulled a 66% return on an already $17M portfolio in a day. Damn. Whenever I'm just starting to feel rich something else happens to make me feel really really poor. ;)
You're playing this game on a whole 'nother level. :)

It's a wild card though. It went straight up to $0.10 and now it's at $0.06. I tried to capitalize on the buying power I had when it was at $0.10, but put in a bet to late on 45 shares of BRK.A and the game canceled my order. I might be looking at just over $2 million in buying power for Monday. You are doing better then me when the game started. I got lucky a few times with some wild bets. I hardly know what I'm doing. I really have high hopes for XDSL though, mPhase Technologies, Inc. (http://www.mphasetech.com/) has an amazing product and it needs more attention. I hope they get it as A123 IOP's will be upon us soon and that can drive all the listed battery manufactures up some. I'm also waiting to see when Lehman will bounce back up.

[lutach]

Go Lehman go...If you guys want to take some profit on LEHMQ, go ahead. I'm going to hold this stock until the game ends. It might go back to $0.03-0.05 again. I'm going to just use the buying power and invest it in other stocks. If you guys want to wait until tomorrow or the day after, this will be at your own risk.