The FoH Stock Market Game - Page 6

Hatorade · 12-06-2007, 09:14 AM

Quote:

Originally Posted by tjac

RCH has gone from 9.6 to 13.87 because of this news. I put in an order to sell 1350 of 3800 shares at 13.50. I'm not really in it for day trading, but it would be nice to be able to execute trades when sharp spikes are going on

You are still killing us with RCH....nice work.

Millie · 12-06-2007, 09:15 AM

Listen, I don't have anything against trading if that's what you want to do. All I'm saying is, proceed with caution; the delays in the game seem purposely designed to discourage day trading.

Zippygoose · 12-06-2007, 09:43 AM

Quote:

Originally Posted by Millie

Yeah, there's a crazy fucking delay on transactions. It's supposed to take 20 minutes in realtime, but mine usually take 3 or 4 hours.

All the more reason why I would make long investments on this thing and try to avoid day trading. I think the delays are purposely drawn out to deter trading.

I think it actually mimics the market as others have said. This way, people selling short for example will still have to worry about the "short squeeze" which makes things a little more realistic.

I.E. Everybody knows that company X is way overvalued and will report a shitty quarter tomorrow. Therefore the vast majority of people in the security are shorting it. The stock the drops like a rock after the bad report and short s are suddenly flooding the market to cover at this low rate. The problem, of course, is that nobody is buying those shorts because EVERYBODY is shorting. Therefore, no trades are being made.

Gahid · 12-06-2007, 10:41 AM

Whomever invested very heavily in Google may win this, if the market slumps.

Gahid · 12-06-2007, 10:45 AM

Also I put in a day order on a stock yesterday which has not gone through.

Millie · 12-06-2007, 12:57 PM

Quote:

Originally Posted by Gahid

Whomever invested very heavily in Google may win this, if the market slumps.

That's actually the main reason why I sunk 70% of my initial money into Google. If the market tanks, and Google starts to slump with it, I think it'll only be temporary. Google's strategic/financial prospects have nowhere to go but up (unless Uncle Sam pwns them, but that's 6 months away at the earliest) -- so if the stock takes a hit during this market downturn, it'll be an unfair and swiftly corrected one.

Blazemore · 12-06-2007, 01:28 PM

This is a fun little side distraction to the monotany of my work day. It seems the 2% a day growth is certainly not going to cut it though! Balls to the Wall seems to be paying off for a few of you up top, I have half of my money in one of the top foreign Mutual Funds and the other half dumped into a stock that is expected to rebound. Since I do not know shit about the market Domestic or Foreign I figured I would just go for steady growth for the first week while I read up some. 23rd so far with the safe but sorry in this game 2% a day growth.

prescient63 · 12-06-2007, 02:27 PM

Quote:

Originally Posted by Blazemore

This is a fun little side distraction to the monotany of my work day. It seems the 2% a day growth is certainly not going to cut it though! Balls to the Wall seems to be paying off for a few of you up top, I have half of my money in one of the top foreign Mutual Funds and the other half dumped into a stock that is expected to rebound. Since I do not know shit about the market Domestic or Foreign I figured I would just go for steady growth for the first week while I read up some. 23rd so far with the safe but sorry in this game 2% a day growth.

If you could keep up 2% a day growth you would have a huge chance at winning this. The name of the game is volatility and huge risk. I hate to say it and I'm not taking anything away from whomever ends up winning, but these types of contests are 90% luck. A real test would be to run a tax efficient mutual fund over a year w/ low turnover, low expenses, and a good sharpe ratio. Then again that isn't half as fun.

Millie · 12-06-2007, 02:30 PM

Quote:

Originally Posted by prescient63

If you could keep up 2% a day growth you would have a huge chance at winning this. The name of the game is volatility and huge risk. I hate to say it and I'm not taking anything away from whomever ends up winning, but these types of contests are 90% luck. A real test would be to run a tax efficient mutual fund over a year w/ low turnover, low expenses, and a good sharpe ratio. Then again that isn't half as fun.

QFT.

Anyone on this board who can earn 2% growth per day over the course of a year should be giving lectures at Wharton. Stop wasting your time here.

prescient63 · 12-06-2007, 02:37 PM

I'm still up for an FoH club at marketocracy. Every one of my funds has been crushing the S&P (My number one fund is up 45% over the S&P over the last two years). Same type thing, but probably much harder because of the rules. The stats you can get on your funds are money though.

Rythonn · 12-07-2007, 07:21 AM

Hey Tjac are you still doing a sell order if RCH hits 13.50? I am thinking about putting one in if it climbs back up to 13. It has positive income and growth though so it might keep going after 13. Such a gamble though. If I do sell at 13 I will be dumping my cash into Apple, read this morning they have 15 billion in cash and pressure is on them to do something with it, and their stock is pretty solid. I like Google but Apple's stock doubled this year.

Still praying SOLF bounces back up =)

tjac · 12-07-2007, 12:25 PM

Quote:

Originally Posted by Rythonn

Hey Tjac are you still doing a sell order if RCH hits 13.50? I am thinking about putting one in if it climbs back up to 13. It has positive income and growth though so it might keep going after 13. Such a gamble though. If I do sell at 13 I will be dumping my cash into Apple, read this morning they have 15 billion in cash and pressure is on them to do something with it, and their stock is pretty solid. I like Google but Apple's stock doubled this year.

Still praying SOLF bounces back up =)

Yeah. I think it will still climb. So I still plan on selling 1350/3850 shares at 13.50, and the balance at 22. This might change depending on what happens to RCH on Monday, when it rings the bell at the Amex.

I also have limit orders in to sell all of the mutual funds once they reach their previous highs (low 80s).

Then I'll see what to buy into next.

About Apple and Google -- I guess I'm not so quick to consider them because of their price, and I like buying more shares. I'm sure there are wiser opinions than mine, though.

Gahid · 12-07-2007, 12:47 PM

Quote:

Originally Posted by Rythonn

Still praying SOLF bounces back up =)

This.

You sonofabitch

Gahid · 12-07-2007, 12:56 PM

Well I take back everything I said about you, it bounced back at the last minute which promises good things for tomorrow.

Also, I sold out of Google.

Millie · 12-07-2007, 01:00 PM

I'm selling out of Google if it dips back to 700. I think that's about what it's actually worth.

12-06-2007, 02:37 PM	#85 (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: Sep 2002 Posts: 1,401 -6 Internets	I'm still up for an FoH club at marketocracy. Every one of my funds has been crushing the S&P (My number one fund is up 45% over the S&P over the last two years). Same type thing, but probably much harder because of the rules. The stats you can get on your funds are money though. Last edited by prescient63 : 12-11-2007 at 09:23 AM.

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12-06-2007, 09:15 AM	#77 (permalink)
Millie Loves the Powerglove. It's so bad! Join Date: Jan 2002 Posts: 5,783	Listen, I don't have anything against trading if that's what you want to do. All I'm saying is, proceed with caution; the delays in the game seem purposely designed to discourage day trading.

12-06-2007, 10:41 AM	#79 (permalink)
Gahid Registared User Join Date: Mar 2003 Posts: 1,006 +0 Internets	Whomever invested very heavily in Google may win this, if the market slumps.

12-06-2007, 10:45 AM	#80 (permalink)
Gahid Registared User Join Date: Mar 2003 Posts: 1,006 +0 Internets	Also I put in a day order on a stock yesterday which has not gone through.

12-06-2007, 01:28 PM	#82 (permalink)
Blazemore Registered User Join Date: Nov 2003 Posts: 227 +1 Internets	This is a fun little side distraction to the monotany of my work day. It seems the 2% a day growth is certainly not going to cut it though! Balls to the Wall seems to be paying off for a few of you up top, I have half of my money in one of the top foreign Mutual Funds and the other half dumped into a stock that is expected to rebound. Since I do not know shit about the market Domestic or Foreign I figured I would just go for steady growth for the first week while I read up some. 23rd so far with the safe but sorry in this game 2% a day growth.

12-07-2007, 07:21 AM	#86 (permalink)
Rythonn Registered User Join Date: Sep 2003 Posts: 1,654	Hey Tjac are you still doing a sell order if RCH hits 13.50? I am thinking about putting one in if it climbs back up to 13. It has positive income and growth though so it might keep going after 13. Such a gamble though. If I do sell at 13 I will be dumping my cash into Apple, read this morning they have 15 billion in cash and pressure is on them to do something with it, and their stock is pretty solid. I like Google but Apple's stock doubled this year. Still praying SOLF bounces back up =)

12-07-2007, 12:56 PM	#89 (permalink)
Gahid Registared User Join Date: Mar 2003 Posts: 1,006 +0 Internets	Well I take back everything I said about you, it bounced back at the last minute which promises good things for tomorrow. Also, I sold out of Google.

12-07-2007, 01:00 PM	#90 (permalink)
Millie Loves the Powerglove. It's so bad! Join Date: Jan 2002 Posts: 5,783	I'm selling out of Google if it dips back to 700. I think that's about what it's actually worth.