TG Fantasy Stock Market League - Page 12

xTYBALTx · 05-09-2008, 06:21 PM

Pretty impressive that GS is still doing so well.

**leejo** · 05-09-2008, 06:24 PM

They practically invented the CDO, which may explain why they got out of the pool in time not to get hurt by them.

Terrific company.

xTYBALTx · 05-09-2008, 06:28 PM

I have a lot of respect for them. It just seems like they've been making all the right moves at the right time for so long that they should be "due" for a slip up somewhere.

It's not a gambler's fallacy if it ain't gamblin!

xTYBALTx · 05-10-2008, 05:43 PM

SmokingTarpan · 05-12-2008, 01:36 PM

Bought to Cover 100 CENX @ $74.29.

Boy did I make a boo-boo here. I had figure CENX was going to continue it's downward trend, and did a short sell @ $66. Apparently it decided to rally, and cost me $1k instead of making me $1k. Lesson learned? Maybe.

Hambergler · 05-12-2008, 01:38 PM

Quote:

Originally Posted by SmokingTarpan

Bought to Cover 100 CENX @ $74.29.

Boy did I make a boo-boo here. I had figure CENX was going to continue it's downward trend, and did a short sell @ $66. Apparently it decided to rally, and cost me $1k instead of making me $1k. Lesson learned? Maybe.

What is the lesson?

SmokingTarpan · 05-12-2008, 02:57 PM

Quote:

Originally Posted by Hambergler

What is the lesson?

Don't do this with real money?

**leejo** · 05-12-2008, 03:20 PM

Shorting is inherently more risky because in order to short a stock, you have to do it on margin. When you short a stock, your broker "borrows" those shares from another client who owns that stock, and debits your margin account by the sell price. So the entire time you're camping out on your short position, they're charging you interest. So your position's profit margin is constantly eroding.

SmokingTarpan · 05-12-2008, 03:30 PM

Sold 100 WSM @ 25.54

War.mongeR1 · 05-12-2008, 06:14 PM

All I gotta say is that Apple has been seriously rocking since we started this thing. I've seen an overall gain of 26.81% with them. Everything else has been iffy. Wish I had bought more of their stocks in the beginning. Oh well. Glad this isn't real money.

Drizzid · 05-12-2008, 07:28 PM

Sold all OFC for a total loss of $62.00 no big deal this stock just didn't pan out so I dropped it at the smallest deficit I could.

xTYBALTx · 05-13-2008, 04:33 AM

It's almost mid-May, which means that I am entering the time in which I must decide whether to pull the plug on my $100k short or not. My short is worth about $83k at the moment.

Just an update.

Drizzid · 05-13-2008, 12:15 PM

Bought 500 shares of colfax corporation @ $21.85. This is a lubrication supply company. If you look at all these types of companies you will see they have had a solid upswing and I think this will be a trend that continues.

**leejo** · 05-13-2008, 03:54 PM

I love lube!

Drizzid · 05-13-2008, 04:15 PM

Quote:

Originally Posted by leejo

I love lube!

T.M.I Leejo T.M.I!!!!! LOL!!

05-09-2008, 06:21 PM	#166 (permalink)
xTYBALTx Join Date: Aug 2005 Posts: 3,919	Re: TG Fantasy Stock Market League Pretty impressive that GS is still doing so well. __________________ A policy of freedom for the individual is the only truly progressive policy. -F.A. Hayek "$250,000 a year won't get me to Central Park West."

05-09-2008, 06:24 PM	#167 (permalink)
leejo Join Date: Sep 2003 Age: 39 Posts: 7,839	Re: TG Fantasy Stock Market League They practically invented the CDO, which may explain why they got out of the pool in time not to get hurt by them. Terrific company.

05-09-2008, 06:28 PM	#168 (permalink)
xTYBALTx Join Date: Aug 2005 Posts: 3,919	Re: TG Fantasy Stock Market League I have a lot of respect for them. It just seems like they've been making all the right moves at the right time for so long that they should be "due" for a slip up somewhere. It's not a gambler's fallacy if it ain't gamblin! __________________ A policy of freedom for the individual is the only truly progressive policy. -F.A. Hayek "$250,000 a year won't get me to Central Park West."

05-10-2008, 05:43 PM	#169 (permalink)
xTYBALTx Join Date: Aug 2005 Posts: 3,919	Re: TG Fantasy Stock Market League __________________ A policy of freedom for the individual is the only truly progressive policy. -F.A. Hayek "$250,000 a year won't get me to Central Park West."

05-12-2008, 01:36 PM	#170 (permalink)
SmokingTarpan Join Date: Jun 2005 Posts: 2,471	Re: TG Fantasy Stock Market League Bought to Cover 100 CENX @ $74.29. Boy did I make a boo-boo here. I had figure CENX was going to continue it's downward trend, and did a short sell @ $66. Apparently it decided to rally, and cost me $1k instead of making me $1k. Lesson learned? Maybe. __________________ [squadl] "I am the prettiest african-american, vietnamese..cong..person." -SugarNCamo

05-12-2008, 03:20 PM	#173 (permalink)
leejo Join Date: Sep 2003 Age: 39 Posts: 7,839	Re: TG Fantasy Stock Market League Shorting is inherently more risky because in order to short a stock, you have to do it on margin. When you short a stock, your broker "borrows" those shares from another client who owns that stock, and debits your margin account by the sell price. So the entire time you're camping out on your short position, they're charging you interest. So your position's profit margin is constantly eroding.

05-12-2008, 03:30 PM	#174 (permalink)
SmokingTarpan Join Date: Jun 2005 Posts: 2,471	Re: TG Fantasy Stock Market League Sold 100 WSM @ 25.54 __________________ [squadl] "I am the prettiest african-american, vietnamese..cong..person." -SugarNCamo

05-12-2008, 06:14 PM	#175 (permalink)
War.mongeR1 Join Date: Nov 2006 Location: San Antonio, TX Posts: 1,401	Re: TG Fantasy Stock Market League All I gotta say is that Apple has been seriously rocking since we started this thing. I've seen an overall gain of 26.81% with them. Everything else has been iffy. Wish I had bought more of their stocks in the beginning. Oh well. Glad this isn't real money. __________________ "Common sense is not so common." -Voltaire

05-12-2008, 07:28 PM	#176 (permalink)
Drizzid Join Date: Oct 2005 Location: Glendale, AZ Age: 37 Posts: 2,984	Re: TG Fantasy Stock Market League Sold all OFC for a total loss of $62.00 no big deal this stock just didn't pan out so I dropped it at the smallest deficit I could. __________________

05-13-2008, 04:33 AM	#177 (permalink)
xTYBALTx Join Date: Aug 2005 Posts: 3,919	Re: TG Fantasy Stock Market League It's almost mid-May, which means that I am entering the time in which I must decide whether to pull the plug on my $100k short or not. My short is worth about $83k at the moment. Just an update. __________________ A policy of freedom for the individual is the only truly progressive policy. -F.A. Hayek "$250,000 a year won't get me to Central Park West."

05-13-2008, 12:15 PM	#178 (permalink)
Drizzid Join Date: Oct 2005 Location: Glendale, AZ Age: 37 Posts: 2,984	Re: TG Fantasy Stock Market League Bought 500 shares of colfax corporation @ $21.85. This is a lubrication supply company. If you look at all these types of companies you will see they have had a solid upswing and I think this will be a trend that continues. __________________

05-13-2008, 03:54 PM	#179 (permalink)
leejo Join Date: Sep 2003 Age: 39 Posts: 7,839	Re: TG Fantasy Stock Market League I love lube!

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