GTPlanet.net Virtual Stock Exchange Competition!

im talking 7 thousand in equity (or value) btw.

i would'nt be suprised either, because i spent all my cash and all my margin on big money stocks.

take f5 networks for instance.....they were down in the gutters, but now they're high and flying. with a 2.5 dollar increase per share.

i would've made about 131 bucks if i was talking cold hard cash.
 
who can we say actually won the first competition?

me? lol. we should add all the earnings and post the results on the front page. and i'm gonna kick myself if it's there already, *goes to check*
 
Omnis
who can we say actually won the first competition?

me? lol. we should add all the earnings and post the results on the front page. and i'm gonna kick myself if it's there already, *goes to check*
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It's difficult to say because the numbers are wrong. If you held onto the stocks you've had from the beginning then it'll be easier to tell.

Don't worry though -- you'll have the entire week to prove yourself again. :sly:
 
MrktMkr1986
There shouldn't be any problems... I've done this before without margin and it always shows the correct equity values.
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Always good news :D.
 
if everyone cashes out on the first competition, won't our cash values determine the winner?
 
Omnis
if everyone cashes out on the first competition, won't our cash values determine the winner?
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No because the bug gave almost everyone more money than they really had. :)
So if you sold all of your stocks, you'd still end up with an inaccurate figure. In other cases, it exaggerated losses, like TsLeng for example.
 
MrktMkr1986
Yes -- or if your strategy wasn't working you can buy new stocks... :)
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good, bought 1 too many stocks in nissan and it put me in the red, apparently the "If i don't have enough money buy as many shares as I can" button doesnt work so well.
 
skylineGTR_guy
good, bought 1 too many stocks in nissan and it put me in the red, apparently the "If i don't have enough money buy as many shares as I can" button doesnt work so well.
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It works just fine (because I've used it plenty of times)-- the margin bug is what caused the problem -- which is why I created a new competition. :)
 
Good luck PattyG - may you have better luck than I had in the previous version of the competition.
 
MrktMkr's Random Trading Tip:

Reuters is an excellent source of information for stock research. One important figure that is important is the number of shares shorted. When a person sells short, they are selling borrowed shares in the hope that they can buy back the stock at a lower price making a profit on the difference. If more shares are being shorted over time, that means investors believe the price of the stock will fall.

For example, since October 2004, an increasing number of shares have been shorted for Sysco Corp.

Try to find stocks that have numbers that are flat or decreasing.

EDIT: Pay more attention to the "% Float" figure as some stocks have more shares available than others.
 
i have a question...if our stocks crash so drastically that we actually lose all our money....will there be debts to be paid in the form of margin? or do we always just wind up with zero even if we actually have thousands in debts?
 
Omnis
i have a question...if our stocks crash so drastically that we actually lose all our money....will there be debts to be paid in the form of margin? or do we always just wind up with zero even if we actually have thousands in debts?
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You can't end up in debt with stcoks, unless you buy with borrowed money in the first place. You can lose it all, though.
 
Omnis
i have a question...if our stocks crash so drastically that we actually lose all our money....will there be debts to be paid in the form of margin? or do we always just wind up with zero even if we actually have thousands in debts?
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You cannot buy stocks on margin in this edition of the competition. Therefore, even if your stocks were entirely cancelled (meaning $0 value), you would be left only with the cash that you had left in the account after the purchase.

Example:

* We start with $3,000
* You buy 200 shares of XYZ at $13.87
* XYZ crashes the next day because of it filed fore Chapter 11, but the stock is not cancelled -- closing prices today = $0.42
* You would have $84 worth of stock as opposed to $2,774 worth of stock plus the $226 left over (less commissions).

WORST CASE SCENARIO:

* We start with $3,000
* You buy 200 shares of XYZ at $13.87
* XYZ crashes and the stock is cancelled.
* You would have $0 worth of stock and the $226 left over (less commissions).
 
VTGT07
Verizon is buying MCI.
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Yes -- for $6.8 billion USD. I'm not sure if they're going to liquidate MCI and announce a tender offer to the MCI shareholders. Qwest valued the shares at $23 USD/share.
This should be interesting. :)
 
Yep, I bought some Verizon shares at opening, and I was disappointed that they did not go up too much. I should be happy with any gain though.
 
Ev0
Yep, I bought some Verizon shares at opening, and I was disappointed that they did not go up too much. I should be happy with any gain though.
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True. :)

As of this writing, I've lost $16.20 (including commissions). I'll bounce back, though. :sly:
 

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