Stock Market Game

[pecan]

whaaayz.  ... ah  miss de start ah de big tycoon game by a couple days

ah wonder if ricky and jumbie buy up more Bre-X stock   

Bakes said that he will close entry at de end of de week ... so it not too late to ante up $100,000

[DeSoWa]

weys, is all this ah miss, steups...oh well ah will just watch and learn 

Big Up!

[Bakes]

weys, is all this ah miss, steups...oh well ah will just watch and learn 

Big Up!

Nah man, you, Dutty and Ricky should fall een man allyuh ent miss out on nutten yet.  Game just start yesterday so allyuh miss two days ah trading, but it still have man who ent spend ah dollar yet who still sitting on dey $100G normal.  De game running fuh ah whole month so still plenty trading ahead in the game.  Entry will remain open until market close on Friday, so allyuh should give it a try...no better way to learn but hands on.

[TriniCana]

....lawd ah lose 3 box ah KFC, ah case ah carib, 4 bottle ah maudy and ah downpayment on ah potiental honda oui...

Sharks what dey neck ya put meh ein man .....ah suppose to be winning

[Bakes]

....lawd ah lose 3 box ah KFC, ah case ah carib, 4 bottle ah maudy and ah downpayment on ah potiental honda oui...

Sharks what dey neck ya put meh ein man .....ah suppose to be winning

Allyuh playing conservative conservative...ah keep telling allyuh is house money allyuh playing wid 



dcs...ah know yuh might be tempted tuh cash in Apple, but I'd hold onto it for a while if I were you...that stock has been trending steadily upwards the past 18 months, in a couple days you should recoup your money.

[dcs]

dcs...ah know yuh might be tempted tuh cash in Apple, but I'd hold onto it for a while if I were you...that stock has been trending steadily upwards the past 18 months, in a couple days you should recoup your money.

Yea unless the stock move for some genuine reason I won't pay too much attention to daily fluctuations.  I know that is your thing....buy and sell 100 times in a day   

I wasn't so sure buying energy related stocks was a good idea but I like PetroBras and I heard about Fluor before I see them on Kramer list.  I buy apple cuz is apple and they looking strong sales and product release wise.
I put in my order to BuytoCover 16mins before the market close so it didn't go through.  I not sure if the order I put in will be executed when the market re-opens since I use "Until Cancelled" (ok just checked and I see the order there now).  Day trade have any advantage over the Until Cancelled (daytrade only good for that day?)

Anyhow....it have this annual tech show going on where manufacturers show off new products...maybe Apple cud throw out something nice to get things moving.

[Bakes]

dcs...ah know yuh might be tempted tuh cash in Apple, but I'd hold onto it for a while if I were you...that stock has been trending steadily upwards the past 18 months, in a couple days you should recoup your money.

Yea unless the stock move for some genuine reason I won't pay too much attention to daily fluctuations.  I know that is your thing....buy and sell 100 times in a day   

I wasn't so sure buying energy related stocks was a good idea but I like PetroBras and I heard about Fluor before I see them on Kramer list.  I buy apple cuz is apple and they looking strong sales and product release wise.
I put in my order to BuytoCover 16mins before the market close so it didn't go through.  I not sure if the order I put in will be executed when the market re-opens since I use "Until Cancelled" (ok just checked and I see the order there now).  Day trade have any advantage over the Until Cancelled (daytrade only good for that day?)

Anyhow....it have this annual tech show going on where manufacturers show off new products...maybe Apple cud throw out something nice to get things moving.

Yeah man the CES...haven't heard of anything in the pipeline from Apple...no buzz nothing, so I doubt there'll be any product releases.  Last year Apple started the year slow and finished with a bang...on the strength of the June Iphone release of course. 

Lol@ "buy and sell 100 times"....well since is only 31 days we have yuh have to make hay while de sun shining.  I do have time to plant seed water it and siddung and watch it grow, lol

Day orders...not sure if there are any advantages, which is why I never use it.  The main difference is that Day orders don't cancel until the market closes...so if you put a Buy to Cover order, when the market closes at 4:00 pm, that order will cancel.

Your order placed 16 mins before the market close will still execute after the market closes because there's still after-hours trading taking place.  If you still see your order there my guess is that the activation price had not been reached by the time you checked.

[truetrini]

man ah ake ah mitake..ah wanted to short sell mbia stock and and instead ah buy de damn ting long term and loss money steups.....pay attention to yuh orders....ah lost 5% GAIN cuz ah dat   

[WestCoast]

man ah ake ah mitake..ah wanted to short sell mbia stock and and instead ah buy de damn ting long term and loss money steups.....pay attention to yuh orders....ah lost 5% GAIN cuz ah dat   

eh
please explain
tanks

[Bakes]

man ah ake ah mitake..ah wanted to short sell mbia stock and and instead ah buy de damn ting long term and loss money steups.....pay attention to yuh orders....ah lost 5% GAIN cuz ah dat   

Lol...I watching dat whole morning and saying.."this man would be cleaning up if he wasn't betting against heself" lol.  I spot it as ah mistake too...remember one ah de first things ah say is review yuh orders carefully, lol.

Been there.

[Bakes]

man ah ake ah mitake..ah wanted to short sell mbia stock and and instead ah buy de damn ting long term and loss money steups.....pay attention to yuh orders....ah lost 5% GAIN cuz ah dat   

eh
please explain
tanks

Go back to de whole discussion yesterday about short selling.  Jack shorted 1,500 shares of MBI and as the price continued to drop we has making money.  Flushed with cash he decide to double his investment by shorting another 1,5000 shares...tuh double the amount of money he would make from the falling stock...except instead of choosing 'Short', he fuhget that it defaults to 'Buy'...so he end up buying 1,500 shares instead.  Therefore fuh every dollar he made on that one stock thereafter, he lost ah dollar.  Cost him over $2,000 thus far.

[ricky]

Oneshot too bad you ent short that stock you riding
you would have win easy easy 

[Bakes]

Oneshot too bad you ent short that stock you riding
you would have win easy easy 

Yuh see it! lol

I think Oneshot give up oui 

ah juss send him ah PM earlier offering tuh reset he portfolio...poor fella, but he made mih ah rich man yesterday.

Somebody need tuh wake up Feliziano too man...he getting rape by AKNS, lol

[WestCoast]

so all dem stock dat I just sold
can I go back and short sell dem now that I know there going down in value?

[E-man]

dcs...ah know yuh might be tempted tuh cash in Apple, but I'd hold onto it for a while if I were you...that stock has been trending steadily upwards the past 18 months, in a couple days you should recoup your money.

Yea unless the stock move for some genuine reason I won't pay too much attention to daily fluctuations.  I know that is your thing....buy and sell 100 times in a day   

I wasn't so sure buying energy related stocks was a good idea but I like PetroBras and I heard about Fluor before I see them on Kramer list.  I buy apple cuz is apple and they looking strong sales and product release wise.
I put in my order to BuytoCover 16mins before the market close so it didn't go through.  I not sure if the order I put in will be executed when the market re-opens since I use "Until Cancelled" (ok just checked and I see the order there now).  Day trade have any advantage over the Until Cancelled (daytrade only good for that day?)

Anyhow....it have this annual tech show going on where manufacturers show off new products...maybe Apple cud throw out something nice to get things moving.

Yeah man the CES...haven't heard of anything in the pipeline from Apple...no buzz nothing, so I doubt there'll be any product releases.  Last year Apple started the year slow and finished with a bang...on the strength of the June Iphone release of course. 

Apple usually does not announce too much at CES. They have MacWorld coming up on Jan 14-18 when they should have any new products. If they announce something good the stock will usually jump.
They have announced in the past couple days a few upgrades like a better Xserve (2 times faster) and an 8 core Mac pro.

[truetrini]

it does take long to execute dem sales boy...is over 30 minutes i trying to sell stock...in de mean time i losing money   steups

[truetrini]

shit Lorse about 10,000 because ah errors and moving too slow, day trading does take up plenty time oui.

[E-man]

shit Lorse about 10,000 because ah errors and moving too slow, day trading does take up plenty time oui.

They delay it because otherwise people with access to a live ticker would have an unfair advantage. I think the ticker in the game is delayed 20 minutes.

[truetrini]

more like 35 so far

[truetrini]

can someone please explain the sell short routine better.

i mean how do you sell/cash in your sell short stock.?

[E-man]

can someone please explain the sell short routine better.

i mean how do you sell/cash in your sell short stock.?

Use the "Buy to Cover" order and buy the number of shares you sold short if you want to cash out all of it.

[ricky]

hey bakes
does the game take into consideration real market depth or can you just dump your shares at the currant bid and get it all at that price?
also i wish i found a real brokerage that charged commissions like that 

[dcs]

can someone please explain the sell short routine better.

i mean how do you sell/cash in your sell short stock.?

Use the "Buy to Cover" order and buy the number of shares you sold short if you want to cash out all of it.

I Sold Short on Garmin at $84....after that transaction went through I put in a Buy to Cover with a Limit of $70.  Garmin did continue going down and the transaction ended up executing at $69 after it dipped below the $70 limit.
It was only an experiment so I made about $130 after the fees on the $840 I had put out initially (10 shares).

Which stock allyuh think going and keep falling   

[E-man]

Which stock allyuh think going and keep falling   

I tried shorting TASR earlier, but it is getting a bounce this afternoon - Don't tase me bro!

[Bakes]

Apple usually does not announce too much at CES. They have MacWorld coming up on Jan 14-18 when they should have any new products. If they announce something good the stock will usually jump.
They have announced in the past couple days a few upgrades like a better Xserve (2 times faster) and an 8 core Mac pro.

Oh okay...I never really followed their releases too much in the past, but I'm sure you're right because all of their recent big releases have come at MacWorld...didn't realize that MacWorld was annual, so saving releases until then makes sense.

[Bakes]

more like 35 so far

There was a glitch in the matrix today...my one and only issue with the VSE trader, every now and then you need to come ready to trade with yuh jar ah Vaseline, lol.

[Bakes]

can someone please explain the sell short routine better.

i mean how do you sell/cash in your sell short stock.?

...or better yet, how do you cash out 

Well like Kicker say, you borrow (Sell Short) 10 shares from the broker/brokerage...and later you return those same 10 shares (by Buying to Cover the same amount) to the broker.  That's basically it in a nutshell.

However when you Short, you do so with the expectation that the price per share will fall, so you borrow the shares and sell them on the open market.  Once the price falls you buy the shares back and return them to the broker.  You sold the borrowed shares at one price and bought them back at a lower price to return.  You pocket the difference.

[Bakes]

hey bakes
does the game take into consideration real market depth or can you just dump your shares at the currant bid and get it all at that price?
also i wish i found a real brokerage that charged commissions like that 

You know what, I'm not sure...but my guess is yes.  I know it factors in market volume as a limitor on the number of shares you may purchase, but I've never encountered any issues or limitations selling my shares.

[Bakes]

I Sold Short on Garmin at $84....after that transaction went through I put in a Buy to Cover with a Limit of $70.  Garmin did continue going down and the transaction ended up executing at $69 after it dipped below the $70 limit.
It was only an experiment so I made about $130 after the fees on the $840 I had put out initially (10 shares).

Which stock allyuh think going and keep falling   

Wheyyyy listen to allyuh men, lol

Man talking all kinda technical lingo and thing yuh'd swear he name was Michael Miliken or Gordon Gekko or sumting 




lol...allyuh men finally seeing whey de money is.  Far easier for me to predict a falling stock than a rising one.  Here's a clue..."PUMP AND DUMP"

Won't tell allyuh what it mean (those of you who don't already know) but try and understand that concept and it will go a long way to helping you predict which stocks may be primed for a fall.

[WestCoast]

so all dem stock dat I just sold
can I go back and short sell dem now that I know there going down in value?

anyone have an answer for me yet?