GTPlanet.net Virtual Stock Exchange Competition!

cardude2004
Now I am at 2,993.77 as a result. I lost about $8.
Click to expand...

That doesn't sound right... you started with $3k, made $1.25/shr, and lost $8... and ended up with 2993.77. Where did you get that figure from, rankings?
 
cardude2004
http://game.marketwatch.com/Competitions/CompetitionMembers.asp?LoginName=cardude2004&Source=%2FRankings%2FTotalValue%2Easp&ShortName=GTPlanet&mode=2&IDPortfolioHeader=904160


I realize this is kind of stupid question, but why does it say I lost 6.8%, when the stock went up.
Click to expand...

It says you lost $6.80 USD, not 6.8%. Even though on paper you made $0.20 since you purchased the stock (5 shares * $0.04 USD increase = 20 cents), there was $7.00 taken out for commission. So it's -7 + .20. 👍

EDIT: There is no such thing as a stupid question. :)

The stupidest question is the question not asked. :dunce: j/k
 
MrktMkr1986
:scared:

Whoa... did you create a sell limit order? If not, you should... :)
Click to expand...
Yeah I just did about an hour ago. If it drops another 20c its getting sold. I bought it this morning before I left for class and a little after 2 hours later it was down 25%. I didn't expect it to run off a cliff like it did.
 
VTGT07
Yeah I just did about an hour ago. If it drops another 20c its getting sold. I bought it this morning before I left for class and a little after 2 hours later it was down 25%. I didn't expect it to run off a cliff like it did.
Click to expand...

Yeah... ALTI looks pretty unpredicable.

Volume = 101,665,107 :scared: That's considerably higher than normal because the average is less than 900k. It appears people were actually selling on good news! That's very rare.
 
Yeah if it drops below $4 a share its getting sold. I can't belive I got shot in the foot like that.
 
VTGT07
Yeah if it drops below $4 a share its getting sold. I can't belive I got shot in the foot like that.
Click to expand...

:ill: When you bought in, what did it cost [per share]? :ill:

Don't feel bad though, I took real-life losses on these stocks -- that never recovered:

MFCO
FMTI
 
MrktMkr1986
:ill: When you bought in, what did it cost [per share]? :ill:
Click to expand...
It was at $5.25 when I bought it at market price but when the trade actually went through it was bought at $5.67. I guess it was stupid of me to go nuts and buy 200 shares, :lol:.

Apple will help balance that out when they split. 15 free shares in a week :) and assuming it stays roughly at $80/share that'll be about $1200 profit.

Losses are definately better with fake money than with the real bills.
 
VTGT07
It was at $5.25 when I bought it at market price but when the trade actually went through it was bought at $5.67.
Click to expand...

Everybody was buying that day -- that's why the market price executed so high. I've never seen a "spread" like that before though. Usually its a few cents, but nearly 50 cents! :scared:

I guess it was stupid of me to go nuts and buy 200 shares, :lol:.
Click to expand...

Only if you didn't do any research on the stock... :sly:
 
I was watching CNBC and they were talking good about it for a little bit before I bought it. I didn't know about the battery thing though.
 
VTGT07
I was watching CNBC and they were talking good about it for a little bit before I bought it. I didn't know about the battery thing though.
Click to expand...

Yeah. The battery thing did seem to have an effect on the price of the stock. I'm not sure what's going to happen on Monday -- the price was still falling in after hours trading. :scared:
 
MrktMkr1986
That happens all of the time. The trick is to look at it from a different perspective -- instead of saying "damn I could have made more money", say "at least I didn't lose anymore money." Setting strict sell rules (i.e. if the price drops below x% sell it) is the key to minimizing risk -- which is a very important. Risk management is key to making money on the market. By selling (even though you sold at loss, or sold too early) you've elminated your exposure to even more potential losses. 👍
Click to expand...
Good tips, I'll certainly keep those in mind for later.

But what really annoyed me about my NVidia stocks is that I sold them literally five minutes before the surge in tech stocks. If I had waited that little bit longer, I wouldn't have sold at a loss (or at as big a loss), and would have been able to make up ground, or maybe even make a profit.
 
Ev0
Good tips, I'll certainly keep those in mind for later.
Click to expand...

👍

But what really annoyed me about my NVidia stocks is that I sold them literally five minutes before the surge in tech stocks. If I had waited that little bit longer, I wouldn't have sold at a loss (or at as big a loss), and would have been able to make up ground, or maybe even make a profit.
Click to expand...

Timing is important, but who's to say NVDA won't drop again. It seems to have lost a few cents in after hours trading.
 
symantec, intel, cisco, and apple are all up in afterhours trading as well :D very good very good.
 
211056rs.jpg


2110512oa.jpg
 
VTGT07
symantec, intel, cisco, and apple are all up in afterhours trading as well :D very good very good.
Click to expand...

Symantec looks like a good buy, but its recent price performance after the last stock split is worrying me.

Intel seems to be doing very well. Earnings estimates are increasing which is a plus. Recent price performance looks choppy, though. It has been climbing steadily for the past 5 days.

When I started trading in March '04, Cisco was trading at around $24/share. Now its under $18. The price has been on a downward trend for a while now...

Apple skyrocketed today and it was downgraded by a brokerage company! Earnings per share estimates have nearly doubled and its earnings are growing significantly faster than other companies in the industry. Of all of the stocks mentioned in this post, AAPL has the best price performance -- it looks like the best buy out of all of the other stocks you mentioned.

EDIT: The above it not a buy recommendation! Please do your own research!
 
Well .. they were saying on CNBC this morning that stocks will generally rise and then drop sharply after companies split for the simple reason that there are more shares in the market. So I'm gonna be expecting that with Apple in a few months or so.
 
Brian: What do you think is the best site for research and quotes?
 
VTGT07
Well .. they were saying on CNBC this morning that stocks will generally rise and then drop sharply after companies split for the simple reason that there are more shares in the market. So I'm gonna be expecting that with Apple in a few months or so.
Click to expand...

True -- but generally, when a company does a stock split 2 things happen:

*More investors buy because the stock becomes more affordable
*A stock-split implies that the company is expecting further growth in the stock price -- which attracts more buyers -- sending the price up.

The drop occurs because the market price has to "equalize" so to speak.
 
MrktMkr1986
True -- but generally, when a company does a stock split 2 things happen:

*More investors buy because the stock becomes more affordable
*A stock-split implies that the company is expecting further growth in the stock price -- which attracts more buyers -- sending the price up.

The drop occurs because the market price has to "equalize" so to speak.
Click to expand...
CNBC released a story saying that splits of Apple generally bring about stock Market crashes.
http://moneycentral.msn.com/content/CNBCTV/Articles/Dispatches/P109451.asp
 
I have a question, if insiders are selling a lot of shares, like, let's say.... $100 Million worth, will that drive prices up by putting more shares on then market, if there are people willing to buy it? The P/E is a little high, at 25 (is that average? :dunce: ), but I guess that wont stop TOO many people from buying it.
 
Event Horizon
I have a question, if insiders are selling a lot of shares, like, let's say.... $100 Million worth, will that drive prices up by putting more shares on then market, if there are people willing to buy it? The P/E is a little high, at 25 (is that average? :dunce: ), but I guess that wont stop TOO many people from buying it.
Click to expand...

By putting a significant amount of shares on to the market, the prices will drop. If a lot of people are willing to buy them -- the prices will either be unaffected, or go up a little.

The P/E ratio can only be compared between competing companies because some industries/sectors have historically higher average P/E ratios than others. So you wouldn't necessarily compare a Tyco with a General Motors. You would compare Toyota with General Motors for example. I think the average P/E ratio is actually closer to 19.

What company has the insiders selling so much?
 
American Eagle.
msn.com
Ten insiders sold 2,042,298 shares in the company for $48.06 to $49.80 each, LoPresti said. The sales generated about $100 million.
Click to expand...
 

Latest Posts

Back