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Author Topic: Stock Market Challenge  (Read 8163 times)

Fishymuffin

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Re: Stock Market Challenge
« Reply #45 on: June 22, 2011, 10:37:55 am »

"The Savannah Bancorp, Inc. ("the Company") was incorporated as..."
Calling yourselves simply "the Company" seems a bit sinister.

I don't find myself invested much in this game, so I've gone for a really simple strategy, instead of researching how this all works all over again.

Aluminum Corp. of China

The recent spiking feels like market manipulation, allegedly common with Chinese based stocks, so I'm going to ride on another man's plan to make a quick buck. Bail out at around 21.3, unless of course something crazy happens and skyrockets the value.

Afterwards, I'm not really sure, but I'm more inclined to take risky, no-name, small-time companies if I'm really falling behind.
This probably wasn't informative, but I still have a question!

Let's take a look at
Greenshift Corporation


A company supposedly about ethanol extraction techniques, but might just be a patent troll.

It doesn't look promising either way:
The accompanying consolidated financial statements have been prepared assuming that the Company will continue
as a going concern. As of March 31, 2011, the Company had $87,576 in cash, and current liabilities exceeded
current assets by $12,893,514. Further, the Company’s operating income for the quarter ended March 31, 2011 was
primarily due to completion of the YA Corn Oil Transaction and the subsequent realization by the Company of noncash
bonuses totaling $4,986,568 (see Note 9, Debt Obligations, below).
- GREENSHIFT CORPORATION
QUARTERLY REPORT ON FORM 10Q


Suspiscous. A new company that bounces around 100% stock value growth daily. What the hell is this? And what's stopping people from buying 133390388 shares of it at a limit of 0.0001 and selling it for 0.0002 week-in and week-out.
« Last Edit: June 22, 2011, 11:47:30 am by Fishymuffin »
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Burnt Pies

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Re: Stock Market Challenge
« Reply #46 on: June 22, 2011, 12:09:07 pm »

We can't, as the game prohibits us from buying anything worth less than a dollar. I was quite miffed by this, given that I'm using the same tactics as I do in Fantasy Football, i.e. buying stock with silly names, and a lot of the silly names are very cheap.
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I can read box now
Also, I am a bit drunk
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Frajic

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Re: Stock Market Challenge
« Reply #47 on: June 22, 2011, 12:18:45 pm »

Joining in. Let's make some (virtual) money.
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EoS company name: Vikings Inc.

Deadmeat1471

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Re: Stock Market Challenge
« Reply #48 on: June 22, 2011, 03:04:29 pm »

I'm getting reamed by BA. MAKE MONEY DAMN YOU.
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Bouchart

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Re: Stock Market Challenge
« Reply #49 on: June 22, 2011, 05:06:59 pm »

Also, RIMM looks strong in the short-medium term, BUY IT :D

My crazy scheme paid off great the first day.

Now I'm shorting Sino-Forest to death. 
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Deadmeat1471

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Re: Stock Market Challenge
« Reply #50 on: June 22, 2011, 07:28:09 pm »

We can't, as the game prohibits us from buying anything worth less than a dollar. I was quite miffed by this, given that I'm using the same tactics as I do in Fantasy Football, i.e. buying stock with silly names, and a lot of the silly names are very cheap.

Fixed this. Penny trade your hearts delight!
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Mr.Person

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Re: Stock Market Challenge
« Reply #51 on: June 22, 2011, 07:53:31 pm »

Strategy of the year: buy stocks that are working for everyone else.

Quick tip: Spend all your cash ASAP. Each day the stocks become worth more and your money becomes worth less (although since inflation isn't taken into account, this isn't true). Point is that the sooner you get into a stock, the sooner you can start earning money.
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Youtube video of the year, all years.
Hmm...I've never been a big fan of CCGs - I mean, I did and still do collect Pokemon cards, but I never got heavily into the battling and trading thing.

By definition that makes you a fan since you still buy them.

Deadmeat1471

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Re: Stock Market Challenge
« Reply #52 on: June 22, 2011, 08:11:12 pm »

Strategy of the year: buy stocks that are working for everyone else.

I did, they all took a nose dive.  :P
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Burnt Pies

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Re: Stock Market Challenge
« Reply #53 on: June 22, 2011, 08:18:30 pm »

Should have gone for DAVE, they're probably the best stock I've got right now.
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Fishymuffin

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Re: Stock Market Challenge
« Reply #54 on: June 22, 2011, 10:14:39 pm »

Quote
since inflation isn't taken into account, this isn't true
Inflation works the same way everywhere. Sure, we don't lose four percent or whatever of our money every year, but we know our money is worth less. It's just invisible. That's why banks get away with giving domestic depositors two percent annual interest or something, when projected inflation is like six percent or something.
« Last Edit: June 22, 2011, 10:17:27 pm by Fishymuffin »
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Bouchart

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Re: Stock Market Challenge
« Reply #55 on: June 22, 2011, 10:38:52 pm »

Stocks aren't a great inflation hedge.  The stock market did poorly in the late 70s and early 80s.
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Farmerbob

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Re: Stock Market Challenge
« Reply #56 on: June 22, 2011, 10:43:09 pm »

I'll take 1237 shares of AMSC @8.08 for 9994.96.  Then buy myself two cheeseburgers and a soda at MCD
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How did I miss the existence of this thread?
(Don't attempt to answer that.  Down that path lies ... well I was going to say madness but you all run towards madness as if it was made from chocolate and puppies.  Just forget I said anything.)

inteuniso

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Re: Stock Market Challenge
« Reply #57 on: June 23, 2011, 09:10:50 am »

THE MARKET IS TANKING! GAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

Inteuniso cancels job: gone stark raving mad
Inteuniso slams into an obstacle, blowing apart!
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Lol scratch that I'm building a marijuana factory.

Deadmeat1471

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Re: Stock Market Challenge
« Reply #58 on: June 23, 2011, 11:13:10 am »

Deadmeat cancels job:decorating walls with brain
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breadbocks

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Re: Stock Market Challenge
« Reply #59 on: June 23, 2011, 02:00:57 pm »

What the hell bouchart. What the hell.

MEanwhile, I put some money into a bear, and get the expected result.
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Clearly, cakes are the next form of human evolution.
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