GTPlanet.net Virtual Stock Exchange Competition!

Lamp
joined under eT.LostSoul name ;).
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May I be the first to welcome you to the wonderful competition as I'm surprised Brian (MrktMkr1986) hasn't done so yet, :lol:. Good luck and most of all have fun!
 
VTGT07
May I be the first to welcome you to the wonderful competition as I'm surprised Brian (MrktMkr1986) hasn't done so yet, :lol:. Good luck and most of all have fun!
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I was going to welcome him, but after I added his name to the list, I got distracted and didn't get around to it. :sly:

To Lamp: Good luck! Thanks for joining! :)
 
1st place...

cashed out at a peak high. is it just me, or did all tech stocks just skyrocket over the past few days?

anyways....i've now made $229.53 :D
 
Omnis
1st place...

cashed out at a peak high. is it just me, or did all tech stocks just skyrocket over the past few days?

anyways....i've now made $229.53 :D
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Excellent! :)

The Dow hit a record high (3 1/2 year high, not all time high) a few days ago. That's what caused the surge in stocks. 👍
 
Gas hit a record high in our state yesterday, $2.299 a gallon. They are going to remove the law in our state that says the gas station owner has to mark-up the price of a gallon of gasoline at least 6% from the price he purchased it at. It doesn't make it any better that we have the highest gas tax in the country. We pay like 89 cents a gallon for tax.
 
cardude2004
Gas hit a record high in our state yesterday, $2.299 a gallon.
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That's very high.

They are going to remove the law in our state that says the gas station owner has to mark-up the price of a gallon of gasoline at least 6% from the price he purchased it at.
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They should do that. It's not fair to the consumer.

It doesn't make it any better that we have the highest gas tax in the country. We pay like 89 cents a gallon for tax.
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:scared:
 
MrktMkr Prediction:

Things that could affect stock prices on Monday:

If the PPI (producer price index) increases higher than expected, it could have a negative impact on the market.

dictionary
ppi - An index that measures inflation in wholesale goods. The producer price index, or PPI, tracks the prices of food, metals, lumber oil and gas, as well as many other commodities, but does not measure the price of services.
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An increase in the PPI tends to lead to inflation. If that happens, the Fed will definitely increase interest rates 1/4% point to 2.75 on Tueday. If that happens, the stock market will be negatively impacted. :ill:

Things that could affect stock prices this week:

All of the above plus...

  1. The consumer price index
  2. Whether or not the Fed maintains, or increases interest rates
  3. Oracle's latest earnings report
  4. General Mills' and ConAgra's earnings report
  5. FOMC's (Federal Open Market Committee) policy
 
Is the market cooling off? Or are investors nervous about tomorrow's Fed policy changes, possible interest rate increases and inflation?

w
 
PS
the stockmarket sucks now. Sony has practically crashed.
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The stock market sucks because people are scared. If people are afraid, they tend to sell. Some stocks are still outperforming the market so the idea is to know where to look.
 
The Fed raised interest rates 0.25% to 2.75%. What will end up happening is banks will raise their interest rates accordingly.

The good news:

  • Greater interest rates in savings accounts/CDs/money market etc.
  • Inflation should slow down

The bad:

  • Interest rates for car loans/mortgages etc. will rise making it harder to take out loans
  • The stock market will not grow as fast as it did before because people will be more inclined to save than invest
  • Consumer spending will slow down, and will result in lower revenues for corporations -- that will in turn hurt stock values

So is raising the prime interest rate a good thing or bad thing?
 
I find it hilarious that even thought I barely pay attention to this, my limited amount of Sony stock is still keeping me afloat, even doing good.
 
(G)
I find it hilarious that even thought I barely pay attention to this, my limited amount of Sony stock is still keeping me afloat, even doing good.
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That's good to hear. Just be aware, though, that with the increase in interest rates and fears of inflation, stock prices may be adversely affected -- but there are no guarantees.
 
i'm so large. 10.31% total return.

good ole' F5. i should send them a thank you card. it's just too bad the money isn't real.....well, for what i made with it anyway. i'd hate to be in debt, as anyone would. anyway, what happened to all the hussle-bussle that this topic once was?
 
oooh, looks like i made a wise choice in deciding not to buy anything since i sold. i guess you're right mrktmkr....check this out:

 
Haha, I did a Virtual Stock Exchange way back in 6th grade. Funnily enough, I didn't see this before now, so I thought I'd join up. Better late than never. :)
 
The Kmart - Sears Merger was Okayed yesterday. The stores will now become Sears Essentials. The transaction was a 12.3 billion dollar transaction. The company will now become Sears Holding Company. 69% of KMarts shares voted for the merge. Sears shares fell $6.06, or nearly 11 pecent, to $50.74 on the New York Stock Exchange, while Kmart shares rose $1.19 to $126.02 on the Nasdaq Stock Market. The company is expected to make $55 billion.


http://www.foxnews.com/story/0,2933,151375,00.html
http://biz.thestar.com.my/news/story.asp?file=/2005/3/26/business/10520475&sec=business
http://news.google.com/nwshp?hl=en&gl=us&ncl=http://biz.thestar.com.my/news/story.asp%3Ffile%3D/2005/3/26/business/10520475%26sec%3Dbusiness


I won't say much about this because I am sure those of you in America have heard about it, but part of BP's largest refinery blew up earlier this week. I believe it was Wednesday. It refined 3% of the fuel in NA. The premium fuel line blew up. BP says that it will be easy to replace. They just need to order another one from its suppliers.


the_cobbinator
Haha, I did a Virtual Stock Exchange way back in 6th grade. Funnily enough, I didn't see this before now, so I thought I'd join up. Better late than never. :)
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So did I. It must be a Wisconsin thing, because I think my cousin did a virtual stock exchange then as well. I did mine for Gifted and Talented, it wasn't part of the everyday classroom.
 
The Kmart - Sears Merger was Okayed yesterday. The stores will now become Sears Essentials. The transaction was a 12.3 billion dollar transaction. The company will now become Sears Holding Company. 69% of KMarts shares voted for the merge. Sears shares fell $6.06, or nearly 11 pecent, to $50.74 on the New York Stock Exchange, while Kmart shares rose $1.19 to $126.02 on the Nasdaq Stock Market. The company is expected to make $55 billion.
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Thank you for the info. :)

Haha, I did a Virtual Stock Exchange way back in 6th grade. Funnily enough, I didn't see this before now, so I thought I'd join up. Better late than never.
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Exactly! Thanks for joining, and good luck! :)

Looks like Hershey's finally reached its peak...
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As long as you have your stop loss in place, it shouldn't be too bad. If you didn't buy it yet, I'd monitor it for a little bit, paying SPECIFIC attention to the amount of shares being shorted and the number of put options that are being traded. These factors as well as EPS Trends should give you an idea as to whether the price drop is short-term, or long-term.

oooh, looks like i made a wise choice in deciding not to buy anything since i sold. i guess you're right mrktmkr....check this out:
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As if there was any doubt. :sly: j/k
What made you come to the conclusion that you should not buy anything?

anyway, what happened to all the hussle-bussle that this topic once was?
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It's natural for people to lose interest in the stock market after a while. Especially after GT4 coming out, the thread has had a significant "cooling off". I'm sure by the time the summer roles around and people have a bit more time (NO SCHOOL!) the thread will pick up a bit. I predict the most traffic though, will take place when the competition draws to a close. Almost everyone will be scrambling to get the highest score -- especially if there's a prize involved. :sly:

In other news, I haven't been able to update the thread in a while because I've been concentrating on my real stocks. Also, I'll be monitoring a 401k as well... so I may not have as much time to do MrktMkr tips and MrktMkr predictions like I used to. :indiff: I'll do things like that when I have the time.

I do, however, strongly suggest that you follow the tips when you look for stocks to buy in both real life and the simulation.
 
The BP Texas City, Texas oil refinery wasn't insured. They have to find a billion dollars to pay for the damages themselves. http://www.bloomberg.com/apps/news?pid=10000102&sid=ayhzmt6xytiM&refer=uk
http://news.google.com/nwshp?hl=en&...s/news?pid=10000102&sid=ayhzmt6xytiM&refer=uk

Blockbuster, the largest movie giant in the US, dropped its bid today to purchase Hollywood, the second largest movie business in the US. Now Hollywood and Movie Gallery, the third largest movie chain, are going to merge.
http://biz.thestar.com.my/news/story.asp?file=/2005/3/27/business/10526453&sec=business
http://news.google.com/nwshp?hl=en&...ile=/2005/3/27/business/10526453&sec=business
 
Sony (NYSE:SNE) was ordered to pay $90.7 million USD in for a possible patent infringement with Immersion Corp. (NasdaqNM:IMMR). Sony's stock price hasn't really taken a hit, but IMMR was last up about 12% as of this writing because they won the case. No, this is not a buy recommendation. The price has been dropping since opening bell because people are trying to take advantage of the sudden price increase.

b



Sony's stock price seems to be unaffected.

b
 
US Software Company SunGard Data was bought by investment funds today for $11 billion. It is the second-largest buy-out of any type since Kohlberg Kravis Roberts’s acquisition of Nabisco for $31bn in 1989. SunGards Board approved the buyout today. The deal is also the largest buyout of a technology company.

http://business.scotsman.com/technology.cfm?id=330832005
http://news.google.com/nwshp?hl=en&gl=us&ncl=http://business.scotsman.com/technology.cfm%3Fid%3D330832005

Qwest Communications gave MCI, formerly WorldCom, a deadline of a week to figure out if they are going to merge with Qwest or Verizon.
http://www.linuxinsider.com/story/news/41832.html
http://news.google.com/nwshp?gl=us&ned=us&ncl=http://www.linuxinsider.com/story/news/41832.html&hl=en

Oracle bought Oblix
http://www.betanews.com/article/Oracle_Buys_Identity_Management_Firm/1112057846
http://news.google.com/nwshp?gl=us&ned=us&ncl=http://www.betanews.com/article/Oracle_Buys_Identity_Management_Firm/1112057846&hl=en
 

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