Stock Market Game

[Finnster]

Holy hell, what an ugly last few days. I don't even want to open my portfolio.
I pretty much quit playing when you quit, and some of the things I had in there were stocks not to be left unchecked and prolly have come off heavily.

[lutach]

Originally Posted by Finnster

Holy hell, what an ugly last few days. I don't even want to open my portfolio.
I pretty much quit playing when you quit, and some of the things I had in there were stocks not to be left unchecked and prolly have come off heavily.

Crazy days indeed. I think the stock market is pretty much worthless nowadays. Everything being run by super intelligent computers, financial gods and prices of stocks with no real value. They're saying this was an error, my a@#, it was clearly the financial giants telling us they can do this anytime they feel like it. Don't blame another country's f&^% up for the market to be down, I don't buy that at all. I still look at a stock like it should be looked at, does the company sell a product and if it's profiting on its product? Plain and simple. I don't fall for the, "we are waiting for FDA approval" or "we are not profiting, but our batteries are really revolutionary and we stole the technology from this other company. We are in the Green Technology though, so buy our stock." I hope there's an end to this nonsense soon or we'll all be .

Let me know what you think is going on.

Did you see what gold did?

[What's_nitro?]

Lutach I still cant open your portfolio. The server times out when I try to acces it.

[lutach]

Originally Posted by What's_nitro?

Lutach I still cant open your portfolio. The server times out when I try to acces it.

I'm having the same problem. Mine started when I bought over 800 stocks and I guess their side can't hold all the streaming data.

[lutach]

AONE....My goodness.

[Finnster]

Originally Posted by Finnster

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.

Bad bad bad. I don't like things one bit. I waited for a bit of a rally in June from the bloodbath in May and sold out a good bit of my RL holdings to cash, such as in my 401k and stuff last week. I'm wishing now I sold more.
May be reactionary, but I don't like things at all. The things I was hoping to see above are not happening, (ie job/gdp growth.) The roots of the "green shoots" seem shallow and weak. I don't like the way the political winds are blowing either.

Maybe its dumb fleeing to cash, but it all seems too risky to me. I had hoped we might be able to escape history, with the bear market rallies and double dips such as in the 30's, but I'm worried its just not going to go. Better to have some cash for when we bottom out again and hopefully relive to bulls of 2009.

[Finnster]

OK, hit my high of around $12M back in Apr. Haven't touched a thing since.

Currently its @ $7.8M. I'm not going to touch it and just compare doing nothing to the RL actions above of selling to cash. Will it burn? Or will it bounce off of a bottom from panic selling and perform ok? Not a perfect test of much, just my own curiosity.

[lutach]

Cash, Gold, Silver and others will rule if things continue to be like this. Gold, Silver, Copper and more commodities might be the best bet. Will the market bounce back? Maybe, but it might go lower first.

Did you see TSLA? I'll be watching it .

[Finnster]

Originally Posted by lutach

Cash, Gold, Silver and others will rule if things continue to be like this. Gold, Silver, Copper and more commodities might be the best bet. Will the market bounce back? Maybe, but it might go lower first.

Did you see TSLA? I'll be watching it .

I figured it would do the same thing as AONE. I was pondering buying some close to the open price and sell it off quickly as the mania took off and before everyone realized it was overrated.

17->30->~22 in about a day lol

I didn't tho, but it would have worked well enough. How long until it craps out like Aone? lol
I highly doubt they can go from a R&D level production to mass production and compete w/ the majors w/o a lot of hiccups, esp w/ thier awesome panasonic laptop batteries. I'm leaning BS on this one,

[lutach]

Originally Posted by Finnster

I figured it would do the same thing as AONE. I was pondering buying some close to the open price and sell it off quickly as the mania took off and before everyone realized it was overrated.

17->30->~22 in about a day lol

I didn't tho, but it would have worked well enough. How long until it craps out like Aone? lol
I highly doubt they can go from a R&D level production to mass production and compete w/ the majors w/o a lot of hiccups, esp w/ thier awesome panasonic laptop batteries. I'm leaning BS on this one,

Tesla was probably forced into the IPO so the original investors would make a ton of money. It's usually the case and also change of management (We saw that one already lol). I hope they get things going and can be profitable without cutting corners which is hard to do .