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Posted: 7/22/2002 10:07:50 PM EDT
Link Posted: 7/22/2002 10:21:54 PM EDT
I'm in, but only if we can short. I am for short-sellers to be included.
Link Posted: 7/22/2002 10:45:18 PM EDT
Any stocks? Dow, Nasdaq, OTC? I know nothing about shorting, but this sounds like fun. And a box of 3131A is a small ante. Why the 29th? Any significance to that? How about post the picks on friday 26th and see how eveyone does by close of monday the 29th? Just asking. It's your game, but I'm in. (amateur rank)
Link Posted: 7/22/2002 11:35:38 PM EDT
Are options allowed?
Link Posted: 7/22/2002 11:39:30 PM EDT
Depending upon the final rules, I'd like to get in on this. I'll try to remember to check back. Good idea. I love competitions.
Link Posted: 7/22/2002 11:52:53 PM EDT
Now we're talking percentage here, right. Count me in.
Link Posted: 7/23/2002 6:32:33 AM EDT
Originally Posted By Pthfndr: Any stocks? Dow, Nasdaq, OTC? I know nothing about shorting, but this sounds like fun. And a box of 3131A is a small ante. Why the 29th? Any significance to that? How about post the picks on friday 26th and see how eveyone does by close of monday the 29th? Just asking. It's your game, but I'm in. (amateur rank)
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No significant, other than it the begining of the week. 31st is the last day. Stocks on any exchange. We will use Yahoo finance to track pricing. That way it is the same for everyone.
Originally Posted By 71-Hour_Achmed: Are options allowed?
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No stocks only to make it simple. BTW, I have decided that I will house an excel sheet on my webpage to track it all.
Link Posted: 7/23/2002 6:33:12 AM EDT
BTW I will get the official rules posted tonite. And the sample of the excel sheet.
Link Posted: 7/23/2002 6:40:06 AM EDT
No options? You have left 50% of us out in the cold. Bad LT...Bad.
Link Posted: 7/23/2002 6:42:23 AM EDT
Least amount of loss could also win, correct? I am in
Link Posted: 7/23/2002 6:52:40 AM EDT
Originally Posted By harv: Least amount of loss could also win, correct? I am in
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If everyone is at a negative gain then least negative gain wins.
Link Posted: 7/23/2002 7:01:26 AM EDT
Originally Posted By hielo: No options? You have left 50% of us out in the cold. Bad LT...Bad.
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I am just considering simplicity of tracking. Options and constant selling and buying as well as shorting would require a daily tracking of trades.
Link Posted: 7/23/2002 7:18:50 AM EDT
For the benefit of us investing dummies, define: 1. shorting 2. options
Link Posted: 7/23/2002 8:16:41 AM EDT
Originally Posted By LARRYG: For the benefit of us investing dummies, define: 1. shorting- selling the stock or security 2. options- a security that buys you the option to buy or sell a security at a specified price. A security whose value is based on the value of another security.
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Link Posted: 7/23/2002 9:33:11 AM EDT
I think we should exclude options too. The expiration happens before the month's over. You could use September expiration, but I think we should stick to stocks. August is the slowest month in the market though, isn't it?
Link Posted: 7/23/2002 6:09:02 PM EDT
Alright LT, Post the rules and lets get it on. And I'm no GURU
Link Posted: 7/23/2002 6:14:48 PM EDT
I'm in... it'll make my poor ass feel wealthy
Link Posted: 7/23/2002 6:27:01 PM EDT
-------------------------------------------------------------------------------- Originally Posted By LARRYG: For the benefit of us investing dummies, define: 1. shorting- selling the stock or security 2. options- a security that buys you the option to buy or sell a security at a specified price. A security whose value is based on the value of another security. -------------------------------------------------------------------------------- LarryG Since they are not doing Options, I will only describe Shorting. This is when you SELL a stock that you don't own. In other words today I sell you 1000 shares of IBM at $50/share ($50,000). I am betting (literally) that before I have to deliver the shares to you I will be able to pick them up for less, say $49.50/share ($49,500). I make $500 selling you something that I didn't own at the time. Of course if IBM goes UP in the mean time, and I have to pay more than $50/share, I'm screwed. ________________________________________ If you can keep your head, while all around you are losing theirs, you obviously don’t know what’s going on. (Or you have an AR-15)
Link Posted: 7/23/2002 6:36:37 PM EDT
Originally Posted By Deliverator: Since they are not doing Options, I will only describe Shorting. This is when you SELL a stock that you don't own. In other words today I sell you 1000 shares of IBM at $50/share ($50,000). I am betting (literally) that before I have to deliver the shares to you I will be able to pick them up for less, say $49.50/share ($49,500). I make $500 selling you something that I didn't own at the time. Of course if IBM goes UP in the mean time, and I have to pay more than $50/share, I'm screwed.
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Is it just me or does selling something you don't yet own or possess sound like something that should be illegal?
Link Posted: 7/23/2002 6:38:16 PM EDT
sounds like fun...we are doing that at work and so far I am winning...(at least last time I looked at the values)...oh well...
Link Posted: 7/23/2002 6:38:43 PM EDT
Originally Posted By Boomer:
Originally Posted By Deliverator: Since they are not doing Options, I will only describe Shorting. This is when you SELL a stock that you don't own. In other words today I sell you 1000 shares of IBM at $50/share ($50,000). I am betting (literally) that before I have to deliver the shares to you I will be able to pick them up for less, say $49.50/share ($49,500). I make $500 selling you something that I didn't own at the time. Of course if IBM goes UP in the mean time, and I have to pay more than $50/share, I'm screwed.
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Is it just me or does selling something you don't yet own or possess sound like something that should be illegal?
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Maybe to a union thug. [:D]
Link Posted: 7/23/2002 6:40:12 PM EDT
sounds like fun...we are doing that at work and so far I am winning...(at least last time I looked at the values)...oh well...[:x]
Link Posted: 7/23/2002 6:44:01 PM EDT
Originally Posted By CAPITALIST: Maybe to a union thug.
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What does union affiliation have to do with the subject at hand?
Link Posted: 7/23/2002 6:46:05 PM EDT
Originally Posted By Boomer:
Originally Posted By CAPITALIST: Maybe to a union thug.
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What does union affiliation have to do with the subject at hand?
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HAHAHA. Just fuckin with ya [:D]
Link Posted: 7/23/2002 7:14:23 PM EDT
Sounds fun.
Link Posted: 7/25/2002 9:22:31 AM EDT
MSFT TYC LUV COST LMT Just as well about the options. Really gotta keep after 'em on a minute-by-minute basis.
Link Posted: 7/25/2002 1:52:01 PM EDT
Originally Posted By Boomer: Is it just me or does selling something you don't yet own or possess sound like something that should be illegal?
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He who sells which isn't his'en, must buy it back or go to prison.
Link Posted: 7/25/2002 9:26:05 PM EDT
[Last Edit: 7/25/2002 9:28:08 PM EDT by lordtrader]
OK Here's how it goes. Remember I deviced this for the sake of keeping track of things easily. 1) Pick a maximum of five stocks and it will be valued as of close of business Mon the 29th of Aug. Game starts. Any stock trading on any US exchange. However you do not have to have 5 stocks. 1-2-3-4 up to 5. If you think you can win with 1 stock, feel free. You can add to it, up to five throughout the game. 2) No options or shorting or day trading. (ease of keeping track, I don't have a software to do this with) 3) We will play this like poker. You can get rid of your picks once a week on Fridays. Either to keep gains or just get rid of dead weight. But you have to keep at least 1 position. The sell would be based on that weeks Fridays closing value. The buy will be based on the following Mondays closing value. All sells should be e-mailed or IM's to me before close of market Fri. and buys before close of market Mon. 4) I will host an Excel spread sheet on my website to show all values and percentage returns on a weekly basis. I will post a link once its up loaded. 5) All position will be considered sold on the closing price of 30th of Aug. Person with the most percentage gain(or lesser percentage loss) averaged for the entire portfolio of up to 5 stocks wins. The pot is 20rd box of Winchester Q3131A from each of the participants. You will be responsible on an honor system to contact and send your 20rds to the winner. Post your picks on this post, and good luck.
Link Posted: 7/26/2002 10:04:08 AM EDT
[^]
Link Posted: 7/26/2002 10:28:12 AM EDT
1) What if you want to weight one stock more (or less) heavily than another? 2) If (ahem) someone has no frogging clue about where to buy Q3131A, what's the going rate for a box so that that someone can just send cash?
Link Posted: 7/26/2002 10:38:13 AM EDT
Originally Posted By 71-Hour_Achmed: 1) What if you want to weight one stock more (or less) heavily than another? 2) If (ahem) someone has no frogging clue about where to buy Q3131A, what's the going rate for a box so that that someone can just send cash?
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1) Hmm hadn't thought of that......Guess you could buy it 2X. But I would not know how that would work mathematical if we are avg the returns. 2) Any gun shop should have em.
Link Posted: 7/26/2002 10:41:29 AM EDT
BTW.. My picks are Abbott Labs = ABT Starbucks = SBUX KLA Tencor = KLAC Goldman Sachs = GS Exxon Mobile = XOM
Link Posted: 7/26/2002 10:52:56 AM EDT
Mine will be ANR XEL NRZ PCS VAST
Link Posted: 7/26/2002 11:24:09 AM EDT
[Last Edit: 7/26/2002 11:24:45 AM EDT by lordtrader]
Originally Posted By 71-Hour_Achmed: MSFT TYC LUV COST LMT Just as well about the options. Really gotta keep after 'em on a minute-by-minute basis.
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Originally Posted By lordtrader: BTW.. My picks are Abbott Labs = ABT Starbucks = SBUX KLA Tencor = KLAC Goldman Sachs = GS Exxon Mobile = XOM
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Originally Posted By harv: Mine will be ANR XEL NRZ PCS VAST
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I have 3 participants so far. That's 60rds of ammo
Link Posted: 7/26/2002 1:31:53 PM EDT
I am officially NOT entering this contest, but -- if I were -- I'd pick SPY, five times. ^_^ The indexes, over time, outperform the vast majority of managed funds.
Link Posted: 7/26/2002 2:46:49 PM EDT
what the hell, Im in. FUTR MHLX NRZ CZN CZB i realize these picks are risky, but remember NO GUTS, NO GLORY!!
Link Posted: 7/26/2002 4:12:49 PM EDT
Originally Posted By lordtrader:
Originally Posted By 71-Hour_Achmed: 1) What if you want to weight one stock more (or less) heavily than another?
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1) Hmm hadn't thought of that......Guess you could buy it 2X. But I would not know how that would work mathematical if we are avg the returns.
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What we could do is give everyone $100,000 dollars (or whatever) and then allocate it anyway you want and according to the rules LT mandated. The winner will be whoever has the most money at the end of the month.
Link Posted: 7/27/2002 1:36:21 PM EDT
So Sunday nite is the last day we can enter the contest???
Link Posted: 7/27/2002 6:59:37 PM EDT
OK, here we go: ICGE MCWEQ LU JDSU DIS
Link Posted: 7/27/2002 7:10:23 PM EDT
Originally Posted By Dukota: OK, here we go: ICGE MCWEQ LU JDSU DIS
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I put up a post yesterday asking what everybody thought about MCWEQ. I didn't get to many replys. I bought 9000 shares of WCOEQ the other day and think it'll go up to $2.50 a share within 6-9 months. What do you think MCWEQ will do?
Link Posted: 7/27/2002 7:23:09 PM EDT
[Last Edit: 7/29/2002 3:21:10 PM EDT by Dukota]
Oops, stuck my foot in my mouth that time. Time to hide the evidence.
Link Posted: 7/27/2002 7:28:01 PM EDT
Originally Posted By lordtrader:
Originally Posted By 71-Hour_Achmed: 1) What if you want to weight one stock more (or less) heavily than another? 2) If (ahem) someone has no frogging clue about where to buy Q3131A, what's the going rate for a box so that that someone can just send cash?
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1) Hmm hadn't thought of that......Guess you could buy it 2X. But I would not know how that would work mathematical if we are avg the returns. 2) Any gun shop should have em.
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What's so special about Q3131 a?
Link Posted: 7/28/2002 5:07:58 AM EDT
Alright LT, Here are my picks GE WB BA DUK SUN Good luck to all
Link Posted: 7/28/2002 9:49:58 AM EDT
[Last Edit: 7/28/2002 9:56:16 AM EDT by lordtrader]
Originally Posted By Dukota: What's so special about Q3131 a?
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Basically standardizes the pot. Not too expensive, not too cheap.
Originally Posted By raven: What we could do is give everyone $100,000 dollars (or whatever) and then allocate it anyway you want and according to the rules LT mandated. The winner will be whoever has the most money at the end of the month.
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That's what I had in mind originally, however having to track this manually could be a pain. I will work on a way to have Excel do some calculation on it. But since I am not an Excel guru, I will have to postpone this for the next one. If this gets to be more fun than I had expected, I will host another one for Sept. We'll see if we can put this into play. Let's keep it basic for now. OK here's the link to the spreadsheet. [url]www.awesome-als.net/netvids/Game.PDF[/url] It is in a form of Adobe Acrobat. If you need a free reader, download one here... [url]www.adobe.com[/url]
Link Posted: 7/30/2002 12:23:33 PM EDT
The game is afoot!!! Please check the spreadsheet in the link provided above. There is a mistake in the reporting of WCOEQ, it should be .245 not .45, I will correct that when I get home.
Link Posted: 7/30/2002 3:02:51 PM EDT
Oh crap, I forgot about the game. My picks, today's opening prices: NEM 24.50 AU 22.34 HGMCY 12 DROOY 2.81 GG 8.20
Link Posted: 8/1/2002 4:58:42 PM EDT
[Last Edit: 8/2/2002 4:31:30 PM EDT by EX11B]
damn...market has been nutty. so fucken glad i dont trade for a living. so far here is my approximate tally for my fantasy venture since Monday. FUTR 0% CHANGE MHLX -17.6%CHANGE NRZ 32.8% CHANGE CZN 21.5% CHANGE CZB 9.7% CHANGE not bad so far one 17.6% loser, one neutral, and three winners. very very lucky so far (and beleive me its mostly luck)
Link Posted: 8/1/2002 8:21:44 PM EDT
I will update the sheet on Saturday and get it posted. If you guys need to switch out, let me know by then. To be honest I have not looked at who's winning. Too afraid.
Link Posted: 8/2/2002 12:14:03 PM EDT
[Last Edit: 8/2/2002 12:14:48 PM EDT by raven]
Originally Posted By raven: Oh crap, I forgot about the game. My picks, today's opening prices: NEM 24.50 AU 22.50 HGMCY 12 DROOY 2.81 GG 8.20
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closing price 8/2: NEM 25.49 AU 22.25 HGMCY 12 DROOY 3.24 GG 9.10 portfolio up 5.8%
Link Posted: 8/2/2002 3:32:11 PM EDT
[Last Edit: 8/2/2002 4:33:18 PM EDT by EX11B]
portfolio up 13.75% LT id like to sell my FUTR and id like to purchase AVIIW
Link Posted: 8/2/2002 3:40:48 PM EDT
[Last Edit: 8/2/2002 3:46:12 PM EDT by raven]
Originally Posted By EX11B: portfolio up 8.79% LT id like to sell my FUTR and id like to purchase AVIIW
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Aren't you up a lot more than that? The way I figured, you are up 14%. But I used closing price, which is the ask. Oh yeah, I want to sell AU, buy PAAS.
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