Investment game 2?

emice · 03-20-2004, 03:48 AM

I just found the now completed gotapex investment competition. Anyone up for another round?

emice · 03-20-2004, 05:02 PM

Ok, I just started a new competition if anyone wants to join. For those new to this, the competition takes place at:

http://www.virtualstockexchange.com/

The competition ID and password are both gotapex2. The rules are as follows - $1 minimum stock price, resetting of your portfolio is NOT allowed, $10.95 per trade. The rest of the settings are the defaults. Competition starts Monday 3/22. Please post your VSE username here if you join.

Sir_Froggy · 03-21-2004, 10:15 PM

emice · 03-22-2004, 08:38 AM

Sweet. Let's try and leave portfolios open so we can study each others investment strategies. I am putting all my money into shorting SCO stock. Today is the day to bet on this one, the negative sentiment is finally starting to seriously outweigh the good. Most of the analysts have caught on and very soon the mainstream media will be all over it. This will bring to an end SCO's strategy of boosting share price with impressive press releases based on false logic. While the press releases used to boost the price, recently they have only slowed the fall, and any day now they will simply stop propping up the stock. The MACD technical indicator also points to a drop.

A few reasons why the sentiment is changing:

1) SCO's contract with Novell has been picked apart - SCO is claiming rights Novell says it didn't even get from AT&T, so it couldn't have given them to SCO. The code SCO has disputed so far is small and was developed by 3rd parties that licensed the core Unix code from AT&T. Then what is SCO suing IBM for?

2) SCO also has to go to court in the coming weeks and show infringing code (what code?!) to a skeptical judge who is tiring of all the games.

3) There is insider selling going on - http://biz.yahoo.com/t/83/956.html

4) SCO made money last quarter on betting that their own stock price would drop.

5) There was a blundering 1st quarter conference call where Darl McBride seemed flustered at times. Amazing how the phone can cut out as if someone is tapping it on and off hook, and just as a difficult question is pressed by an investor. My guess is Darl's lawyer was advising him.

These are all signs that tell all but the most irrational of us where this ship is going.

The only problem may be a short squeeze, but I don't really know how VSE simulates that. I thought that was dependant on the brokerage.

ray · 03-22-2004, 09:19 AM

the website is way too slow for me. i stopped tracking the first game because it would take me 10 minutes just to get to the trading screen.

Nija · 03-22-2004, 11:23 AM

Quote:

Originally posted by ray
the website is way too slow for me. i stopped tracking the first game because it would take me 10 minutes just to get to the trading screen.

it seems to have been running quicker as of late.

and I'm in, under my name.

attgig · 03-22-2004, 11:27 AM

Quote:

Originally posted by ray
the website is way too slow for me. i stopped tracking the first game because it would take me 10 minutes just to get to the trading screen.

emice · 03-24-2004, 12:28 AM

Yeah, the site has been at times pretty slow, even on cable. It is tolerable for me now, but still not great.

Who is this rdavidia user with an amazing 149.19% return? I'm curious what he invested in. Whatever it is, it has been sold or covered already, so we can't see it.

cheapchinese · 03-24-2004, 04:50 AM

crud... i'll join next week....
found out 2 days late....

basically i believe this would be a great experience

ray · 03-24-2004, 08:07 AM

If you DO NOT want to LOSE money, don't use my strategy from the first game! I invested in highly volatile tech and Chinese stocks. And I put nearly 95% of my funds into those firms only to see my portfolio drop 20% in a couple weeks! HAHA! I'm pretty sure of the 20 or so stocks that I held, not a single one of them made money by the end of the game.

cheapchinese · 03-25-2004, 06:06 AM

i remember when i was in high school i did a related project, basically i was playing with the dow jones 30

I bought the stocks in the sectors where i think will rise, and shorted the one i think will drop, i ended doing really well in that stradegy...

usually i sell 5-7% on loss. hope this helps anyone here

mixer107 · 03-25-2004, 06:43 PM

I just signed up with my same username here.

Nija · 04-02-2004, 04:45 PM

I'm profitable thus far. granted i'm not pulling them down like those above me, but I am doing quite nicely

I just wish it was real money

03-20-2004, 03:48 AM	#1
emice Ensign Join Date: Apr 2002 Posts: 9	Investment game 2? I just found the now completed gotapex investment competition. Anyone up for another round?

03-20-2004, 05:02 PM	#2
emice Ensign Join Date: Apr 2002 Posts: 9	Ok, I just started a new competition if anyone wants to join. For those new to this, the competition takes place at: http://www.virtualstockexchange.com/ The competition ID and password are both gotapex2. The rules are as follows - $1 minimum stock price, resetting of your portfolio is NOT allowed, $10.95 per trade. The rest of the settings are the defaults. Competition starts Monday 3/22. Please post your VSE username here if you join. Last edited by emice : 03-20-2004 at 05:06 PM.

03-21-2004, 10:15 PM	#3
Sir_Froggy Rear Admiral Upper Half Join Date: Sep 2000 Location: Del Mar Posts: 3,477	kd4 __________________ goose goose goose goose goose goose goose goose goose goose goose goose goose goose goose goose

03-22-2004, 09:19 AM	#5
ray lilbigblue Join Date: Jan 2003 Posts: 6,613	the website is way too slow for me. i stopped tracking the first game because it would take me 10 minutes just to get to the trading screen. __________________ new uploader My World

03-24-2004, 04:50 AM	#9
cheapchinese I love free! Join Date: Apr 2003 Location: LA, California Posts: 2,976	crud... i'll join next week.... found out 2 days late.... basically i believe this would be a great experience Last edited by cheapchinese : 03-24-2004 at 04:54 AM.

03-22-2004, 08:38 AM	#4
emice Ensign Join Date: Apr 2002 Posts: 9	Sweet. Let's try and leave portfolios open so we can study each others investment strategies. I am putting all my money into shorting SCO stock. Today is the day to bet on this one, the negative sentiment is finally starting to seriously outweigh the good. Most of the analysts have caught on and very soon the mainstream media will be all over it. This will bring to an end SCO's strategy of boosting share price with impressive press releases based on false logic. While the press releases used to boost the price, recently they have only slowed the fall, and any day now they will simply stop propping up the stock. The MACD technical indicator also points to a drop. A few reasons why the sentiment is changing: 1) SCO's contract with Novell has been picked apart - SCO is claiming rights Novell says it didn't even get from AT&T, so it couldn't have given them to SCO. The code SCO has disputed so far is small and was developed by 3rd parties that licensed the core Unix code from AT&T. Then what is SCO suing IBM for? 2) SCO also has to go to court in the coming weeks and show infringing code (what code?!) to a skeptical judge who is tiring of all the games. 3) There is insider selling going on - http://biz.yahoo.com/t/83/956.html 4) SCO made money last quarter on betting that their own stock price would drop. 5) There was a blundering 1st quarter conference call where Darl McBride seemed flustered at times. Amazing how the phone can cut out as if someone is tapping it on and off hook, and just as a difficult question is pressed by an investor. My guess is Darl's lawyer was advising him. These are all signs that tell all but the most irrational of us where this ship is going. The only problem may be a short squeeze, but I don't really know how VSE simulates that. I thought that was dependant on the brokerage.

03-24-2004, 12:28 AM	#8
emice Ensign Join Date: Apr 2002 Posts: 9	Yeah, the site has been at times pretty slow, even on cable. It is tolerable for me now, but still not great. Who is this rdavidia user with an amazing 149.19% return? I'm curious what he invested in. Whatever it is, it has been sold or covered already, so we can't see it.

03-24-2004, 08:07 AM	#10
ray lilbigblue Join Date: Jan 2003 Posts: 6,613	If you DO NOT want to LOSE money, don't use my strategy from the first game! I invested in highly volatile tech and Chinese stocks. And I put nearly 95% of my funds into those firms only to see my portfolio drop 20% in a couple weeks! HAHA! I'm pretty sure of the 20 or so stocks that I held, not a single one of them made money by the end of the game.

03-25-2004, 06:06 AM	#11
cheapchinese I love free! Join Date: Apr 2003 Location: LA, California Posts: 2,976	i remember when i was in high school i did a related project, basically i was playing with the dow jones 30 I bought the stocks in the sectors where i think will rise, and shorted the one i think will drop, i ended doing really well in that stradegy... usually i sell 5-7% on loss. hope this helps anyone here

03-25-2004, 06:43 PM	#12
mixer107 Lieutenant Join Date: May 2003 Location: Bay Area, CA Posts: 223	I just signed up with my same username here.

04-02-2004, 04:45 PM	#13
Nija Chief of Naval Operations Join Date: May 2001 Location: City of The Dead Posts: 13,045	I'm profitable thus far. granted i'm not pulling them down like those above me, but I am doing quite nicely I just wish it was real money

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