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Stock Market Game

Georgio9

Posted: October 1, 2009 01:11 am

IRC Nickname: Matt|Georgio9
Group: Emeritus
Posts: 706
Member No.: 94
Joined: January 3, 2008
Total Events Attended: 0

So I'm hoping there's some people taking business in here because I'm kinda useless at this sort of stuff.

Basically, as part of my mark, I have to make a Portfolio.

I have $10 000 to spend.
I have about 2 months before the game ends. Very short term.

Any suggestions as to what I should buy before I sink all of my money into Tech?

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Chimpy

Posted: October 1, 2009 01:30 am

IRC Nickname: Chimpy
Group: Banned
Posts: 2521
Member No.: 1474
Joined: November 16, 2008
Total Events Attended: 133

I did this before.

ALWAYS BUY GOOGLE.

Also if you just feel like bs'ing it jsut buy a bunch of small random companies lol that what me and my partner did in 6th grade

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Georgio9

Posted: October 1, 2009 01:45 am

IRC Nickname: Matt|Georgio9
Group: Emeritus
Posts: 706
Member No.: 94
Joined: January 3, 2008
Total Events Attended: 0

Google is $500 a share... 20 Shares?

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WG_Keanu

Posted: October 1, 2009 01:59 am

IRC Nickname: DG_Keanu
Group: Council
Posts: 4782
Member No.: 2033
Joined: August 25, 2009
Total Events Attended: 173

What, you have to spend $10k in 2 months?

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[05:42] <+WG_Keanu> I think I got a semi just looking at the pic
[05:42] <%kat> same

Georgio9

Posted: October 1, 2009 02:03 am

IRC Nickname: Matt|Georgio9
Group: Emeritus
Posts: 706
Member No.: 94
Joined: January 3, 2008
Total Events Attended: 0

10K is my starting value.

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30 Str 0wnz

Posted: October 1, 2009 03:00 am

IRC Nickname: Brian|30
Group: Ex-Member
Posts: 565
Member No.: 1547
Joined: December 13, 2008
Total Events Attended: 75

You start with 10k? Hmm I start with 100k (doin the same type of thing in my Econ class). Anyway if you want to like win or get some crazy amount of money you have to buy small companies and hope they get big really fast. Otherwise any big business is gonna be relatively stable in two months so you won't win big or lose big.

Anyways other than that I can't really help ya o.O

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WG_Keanu

Posted: October 1, 2009 03:55 am

IRC Nickname: DG_Keanu
Group: Council
Posts: 4782
Member No.: 2033
Joined: August 25, 2009
Total Events Attended: 173

QUOTE	30 Str 0wnz @ October 01, 2009 04:00 am)

Oh right.

Yeah Google shares.

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[05:42] <+WG_Keanu> I think I got a semi just looking at the pic
[05:42] <%kat> same

Kiwi011

Posted: October 1, 2009 04:30 am

IRC Nickname: Kiwi011
Group: Emeritus
Posts: 3052
Member No.: 40
Joined: December 30, 2007
Total Events Attended: 21

4 months ago i would have told you to invest in Citi Bank(97cents a share back then), now the stock is way higher......but atm, no idea, gold/silver maybe?

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Georgio9

Posted: October 1, 2009 06:59 pm

IRC Nickname: Matt|Georgio9
Group: Emeritus
Posts: 706
Member No.: 94
Joined: January 3, 2008
Total Events Attended: 0

Can't invest in a commodity....do you know any good energy or good resource based companies?

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David

Posted: October 1, 2009 08:30 pm

IRC Nickname: Dnovelta
Group: Emeritus
Posts: 2750
Member No.: 130
Joined: January 20, 2008
Total Events Attended: 137

Are you allowed to play the system?

Like can you buy X shares then after they go up, sell then buy something else, then sell again?

Or do you have to make a choice and stick with it?

Is the goal to just have the most money at the end of the two months?

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Samurai-JM

Posted: October 1, 2009 10:44 pm

IRC Nickname: Samurai-JM
Group: Emeritus
Posts: 3204
Member No.: 117
Joined: January 11, 2008
Total Events Attended: 8

I'm developing a revolutionary atomic weapon that will be going live in 3 days... invest in me by sending me $10,000 via paypal and you'll make MILLIONS. srysly, i promise

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Georgio9

Posted: October 2, 2009 12:27 am

IRC Nickname: Matt|Georgio9
Group: Emeritus
Posts: 706
Member No.: 94
Joined: January 3, 2008
Total Events Attended: 0

QUOTE	Samurai-JM @ October 01, 2009 10:44 pm)

I'm developing a revolutionary atomic weapon that will be going live in 3 days... invest in me by sending me $10,000 via paypal and you'll make MILLIONS. srysly, i promise

kk. Do you happen to be an African prince trying to escape?

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Chimpy

Posted: October 4, 2009 11:22 am

IRC Nickname: Chimpy
Group: Banned
Posts: 2521
Member No.: 1474
Joined: November 16, 2008
Total Events Attended: 133

Also short selling is where it's at

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RobbieThe1st

Posted: October 6, 2009 05:05 am

IRC Nickname: RobbieThe1st
Group: Founder
Posts: 770
Member No.: 2
Joined: December 26, 2007
Total Events Attended: 49

Well, you could look at NYSE:GLD - an ETF of gold, not a commodity. also, look at the gold mining company NYSE:CDE - It looks like it is going to come down soon; then it would be a good buy.

If you can short-term trade, do so. If not... Google is your best bet.

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Big Al 002

Posted: October 8, 2009 02:38 am

IRC Nickname: Big_Al_002
Group: Guardian
Posts: 1102
Member No.: 1777
Joined: March 21, 2009
Total Events Attended: 25

ok so ive done this before. bookmark a lot of news feeds (usatoday, google stocks, yahoo finance, nytimes, etc) a lot of whats going on the front page will affect your stocks.

im a regular news reader so i like to keep up on current events and be informed. recently, for example Toyota just recalled a bunch of floor mats (and lots of recalls before that, so stay away from maybe the auto industry or just the japanese brands related). try "recession-proof" stocks? ex. DOG, would be if the stock market is going down that stock goes up (read up on that if you want).

spread your baskets. buy stocks in different fields. you have a fair-low kind of budget so stay away from big stocks like Google. try stocks that are less than 100~50.

remember. anything can happen. keep up on your stocks and any news that may be related. once people read up on stories like (recent) MGM they might say naw, dump this stock. thats when the price goes down [concept of supply and demand]

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Back, Trial Guardian 6/12/11.

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Maxrobinsun

Posted: October 19, 2009 01:37 pm

IRC Nickname: Maxrobinsun
Group: Emeritus
Posts: 152
Member No.: 2095
Joined: October 16, 2009
Total Events Attended: 0

I did this a couple of years ago.

I just invested my theoretical $1 million in Oil companies and won with like a 1,000% profit or something. (H) But that was just before oil market crashed so I wouldn't recommend it

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Joined September '04