The FoH Stock Market Game - Page 11

Millie · 12-13-2007, 04:27 PM

Quote:

Originally Posted by Chips

I started yesterday and my goal in this game is to beat Millie's ass

Probably not that hard to do. Last I checked, roughly half the people in the game were doing so.

rinthea · 12-13-2007, 10:45 PM

you need volality to daytrade... without you get churned... watch all the prop shops numbers rise and fall with volatility... vxo (cboe options volitily) at 24 hasnt even started to hit its straps yet... wait until it gets going

In the long run, stops cost more money then they make... assuming you have a postive expectancy, in the case you dont, you wouldnt want to be trading. So 'money saving' stops should be as loose as possible until the trade idea is over.
stops are targets... where the market will aim to make people hurt...

while im on the soap box...

for the person who didnt know the difference between market and limit orders... theres a bid and an ask... a market order buys at the market, i.e. the ask, where a limit order specifies what price you are prepared to buy at. The bit in between the bid and the ask, you must pay and is called the spread... this is a cost that is often ignored.

Gahid · 12-13-2007, 11:44 PM

So I invested in a gun company which fell over 60% over a poor forecast, and now some assholes are suing the company for misrepresenting their position in the market in the months leading up to the forecast.

=stock drops another 8%

TKarrde · 12-14-2007, 08:40 AM

My picks of RIO and FXI are really hurting me

Dropped from 8th to 59th

Eomer · 12-14-2007, 09:39 AM

soooo, let's say I have $19,000 of real cash to invest right now. I'm not really interested in buying individual stocks, to be honest. I don't have the time, interest or expertise. Most of my RRSP money (similar to 401k I guess) has been in mutual funds. Most in index funds of the CDN and US markets, and then some other stuff in resources, latin america, pacific rim, and European funds. I've done very well the past five years, probably on average 10-12% a year at the absolute least, if not more. I even sold all my holdings just before the bottom fell out in August this year, and bought everything back for 15% cheaper, but that was quite honestly sheer luck.

What segment or area should I be targetting right now?

Indiana · 12-14-2007, 11:39 AM

Put your money in renewable energy, food and lesbian porn. All of those are booming markets.

Gwen Rockpounder · 12-14-2007, 01:30 PM

I signed up a few days ago but kept forgetting to check when the US market was open. Today I finally said WTH and bought some stuff anyway. I'm 3.25% down, sitting on my arse was a better position, doh!

I made the mistake of reading the bbc business headlines this morning where things sounded slightly optimistic, I know, I'm a moron!

64/68 /facepalm

Gahid · 12-14-2007, 01:50 PM

The thing about, especially print, news sources is that by the time they've covered the topic the market is already adjusted.

Setting limits to dump a falling stock seems like a bad thing to me. Unless the company has made some very poor decisions (such as, being tied to the mortgage industry) the stock will likely rebound over a four month period. Of course, I have little formal business training and this is just amateur speculation.

rinthea · 12-14-2007, 10:08 PM

Quote:

Originally Posted by Eomer

What segment or area should I be targetting right now?

defensive stocks, consumer non durables -big food, big drug companies... companies selling disposable stuff people need to buy

Eomer · 12-15-2007, 09:25 AM

Any suggestion of a specific fund or funds? Like I said, not interested in individual equities.

prescient63 · 12-15-2007, 11:13 AM

CGMFX (CGM Focus) has a ridiculous track record. Those proshares leveraged ETFs look pretty interesting as well.

For anyone who ever reads the annual report or president's letter I thought this was pretty funny from one of my CFA books. All of these are by Raymond DeVoe.

Annual Report: "Your company is now poised for significant earnings growth."
(Translation: "We lost so much last year and wrote off everything possible, so earnings couldn't get much worse.")

Annual Report: "These results were somewhat below the projections that management had announced publicly during the quarter."
(Translation: "We lied."

Annual Report: "the quarter's earnings contained a substantial contribution from a settlement arising from the involuntary termination of operating equipment.
(Translation: "If the plane hadn't crashed, we would have been in the red. Fortunately, only one was killed, and the insurance company paid off a helluva lot."

Kindnugs · 12-15-2007, 12:50 PM

I've been picking some stocks that the big boys are picking, like buffet and gates for my real life picks..

Mad Money Recap | Home

Gahid · 12-16-2007, 10:33 PM

Yeah. That'll work.

Usha Starchild · 12-17-2007, 09:01 AM

This game is screwed.

I tried selling some stocks 3 times and they still have not sold. I also tried to purchase some with all my leftover funds 80K and it hasnt went through yet.... 3 days.

Blide · 12-17-2007, 11:50 AM

It will only go through when the US stock market is open I believe, then there's often a couple hour delay once it opens.

One thing for sure, I definitely got burned on this game. Started the day before the market went down last week. Down 4.2% overall and 61 / 68.

12-14-2007, 11:39 AM	#156 (permalink)
Indiana This is not 'Nam. This is bowling. There are rules Join Date: Aug 2002 Location: Denmark Posts: 544 +4 Internets	Put your money in renewable energy, food and lesbian porn. All of those are booming markets. __________________ Indiana the Silent Club Fu Bristlebane We want to be the Blizzard of massively multiplayer gaming - John Smedley

12-14-2007, 01:50 PM	#158 (permalink)
Gahid Registared User Join Date: Mar 2003 Posts: 1,006 +0 Internets	The thing about, especially print, news sources is that by the time they've covered the topic the market is already adjusted. Setting limits to dump a falling stock seems like a bad thing to me. Unless the company has made some very poor decisions (such as, being tied to the mortgage industry) the stock will likely rebound over a four month period. Of course, I have little formal business training and this is just amateur speculation. Last edited by Gahid : 12-14-2007 at 01:53 PM.

12-15-2007, 12:50 PM	#162 (permalink)
Kindnugs Registered User Join Date: Jul 2007 Location: Thousand Oaks Posts: 471 -11 Internets	I've been picking some stocks that the big boys are picking, like buffet and gates for my real life picks.. Mad Money Recap \| Home __________________

12-17-2007, 11:50 AM	#165 (permalink)
Blide Registered User Join Date: Oct 2005 Posts: 637 +3 Internets	It will only go through when the US stock market is open I believe, then there's often a couple hour delay once it opens. One thing for sure, I definitely got burned on this game. Started the day before the market went down last week. Down 4.2% overall and 61 / 68. Last edited by Blide : 12-17-2007 at 11:55 AM.

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12-13-2007, 10:45 PM	#152 (permalink)
rinthea omghax Join Date: Sep 2006 Posts: 1,020 -43 Internets	you need volality to daytrade... without you get churned... watch all the prop shops numbers rise and fall with volatility... vxo (cboe options volitily) at 24 hasnt even started to hit its straps yet... wait until it gets going In the long run, stops cost more money then they make... assuming you have a postive expectancy, in the case you dont, you wouldnt want to be trading. So 'money saving' stops should be as loose as possible until the trade idea is over. stops are targets... where the market will aim to make people hurt... while im on the soap box... for the person who didnt know the difference between market and limit orders... theres a bid and an ask... a market order buys at the market, i.e. the ask, where a limit order specifies what price you are prepared to buy at. The bit in between the bid and the ask, you must pay and is called the spread... this is a cost that is often ignored.

12-13-2007, 11:44 PM	#153 (permalink)
Gahid Registared User Join Date: Mar 2003 Posts: 1,006 +0 Internets	So I invested in a gun company which fell over 60% over a poor forecast, and now some assholes are suing the company for misrepresenting their position in the market in the months leading up to the forecast. =stock drops another 8%

12-14-2007, 08:40 AM	#154 (permalink)
TKarrde Beebop a loubop awhapshamboo and domo arigatou if I got to Join Date: May 2006 Posts: 665	My picks of RIO and FXI are really hurting me Dropped from 8th to 59th

12-14-2007, 09:39 AM	#155 (permalink)
Eomer You mean I can change this? Neat! Join Date: Feb 2002 Posts: 10,202 +39 Internets	soooo, let's say I have $19,000 of real cash to invest right now. I'm not really interested in buying individual stocks, to be honest. I don't have the time, interest or expertise. Most of my RRSP money (similar to 401k I guess) has been in mutual funds. Most in index funds of the CDN and US markets, and then some other stuff in resources, latin america, pacific rim, and European funds. I've done very well the past five years, probably on average 10-12% a year at the absolute least, if not more. I even sold all my holdings just before the bottom fell out in August this year, and bought everything back for 15% cheaper, but that was quite honestly sheer luck. What segment or area should I be targetting right now?

12-14-2007, 01:30 PM	#157 (permalink)
Gwen Rockpounder Registered User Join Date: Apr 2006 Location: Ing-Ger-Land! Posts: 434 +1 Internets	I signed up a few days ago but kept forgetting to check when the US market was open. Today I finally said WTH and bought some stuff anyway. I'm 3.25% down, sitting on my arse was a better position, doh! I made the mistake of reading the bbc business headlines this morning where things sounded slightly optimistic, I know, I'm a moron! 64/68 /facepalm

12-15-2007, 09:25 AM	#160 (permalink)
Eomer You mean I can change this? Neat! Join Date: Feb 2002 Posts: 10,202 +39 Internets	Any suggestion of a specific fund or funds? Like I said, not interested in individual equities.

12-15-2007, 11:13 AM	#161 (permalink)
prescient63 You can't blame women for what they do wrong in the same way that you can't blame a dog for what it does wrong. Join Date: Jan 2002 Posts: 1,490 -5 Internets	CGMFX (CGM Focus) has a ridiculous track record. Those proshares leveraged ETFs look pretty interesting as well. For anyone who ever reads the annual report or president's letter I thought this was pretty funny from one of my CFA books. All of these are by Raymond DeVoe. Annual Report: "Your company is now poised for significant earnings growth." (Translation: "We lost so much last year and wrote off everything possible, so earnings couldn't get much worse.") Annual Report: "These results were somewhat below the projections that management had announced publicly during the quarter." (Translation: "We lied." Annual Report: "the quarter's earnings contained a substantial contribution from a settlement arising from the involuntary termination of operating equipment. (Translation: "If the plane hadn't crashed, we would have been in the red. Fortunately, only one was killed, and the insurance company paid off a helluva lot."

12-16-2007, 10:33 PM	#163 (permalink)
Gahid Registared User Join Date: Mar 2003 Posts: 1,006 +0 Internets	Yeah. That'll work.

12-17-2007, 09:01 AM	#164 (permalink)
Usha Starchild Whatever I touch turns to Rickshaw. Join Date: Mar 2003 Posts: 971 -15 Internets	This game is screwed. I tried selling some stocks 3 times and they still have not sold. I also tried to purchase some with all my leftover funds 80K and it hasnt went through yet.... 3 days.