(sticky???)AnAndtech Stock market competition. HAS BEGUN.

[MikeMike]

bump, and ultimatebob, thank you for giving me that hint. to bad in my school game we cant short sell. or else i would be in the lead big time :-D

MIKE

 

[slydecix]

bump... let the swing trading begin!

 

[XZeroII]

SOY! SOY! SOY!!!

 

[Mr N8]

I'm in.

I know very little about the stock market, but we'll see if beginners luck works.

 

[zillafurby]

Originally posted by: Hector13

Originally posted by: glenn1
I joined, but i have a huge issue with one of the contest rules.

<< 7. This simulation will not handle limit orders or open orders and we don't pay dividends. You may short sell in the game. >>
Are you aware that this puts those who would invest in a dividend-paying stock at an extreme disadvantage, since after a stock goes "ex-dividend," the shares get adjusted down to reflect the value of the dividend payout? For example, if you have a $50 stock that pays a $2 dividend during a contest period, the exchange price of the share will automatically be adjusted down to $48 on the ex-dividend date.

So basically, if you don't invest in non-dividend paying (read: technology) stocks, you're already starting off with a huge disadvantage. Basically, if you choose to invest in a stock which pays a dividend, you have to make up in capital appreciation the dividend yield of your stock just to stay even.

well then you have a simple strategy already... pick the highest yield stocks you can find (are preferreds available in this game??) and short the heck out of them. You should pick up the yeild as well as the interest from shorting.

yeah hecty the pro quant speaking here. the stock market is efficient just like the real economy where no one businessman understands his business beteer than his competitors and cant achieve an above cost return.

or maybe its just that you cant.

 

[MikeMike]

ok, did no one get lucky and invest and buy 10K shares of PLMO today??

kid in the other competition i am in (school) did, and got 40000$ profit from it. DAMN HIM

MIKE

 

[Hector13]

Originally posted by: zillafurby

Originally posted by: Hector13

Originally posted by: glenn1
I joined, but i have a huge issue with one of the contest rules.

<< 7. This simulation will not handle limit orders or open orders and we don't pay dividends. You may short sell in the game. >>
Are you aware that this puts those who would invest in a dividend-paying stock at an extreme disadvantage, since after a stock goes "ex-dividend," the shares get adjusted down to reflect the value of the dividend payout? For example, if you have a $50 stock that pays a $2 dividend during a contest period, the exchange price of the share will automatically be adjusted down to $48 on the ex-dividend date.

So basically, if you don't invest in non-dividend paying (read: technology) stocks, you're already starting off with a huge disadvantage. Basically, if you choose to invest in a stock which pays a dividend, you have to make up in capital appreciation the dividend yield of your stock just to stay even.

well then you have a simple strategy already... pick the highest yield stocks you can find (are preferreds available in this game??) and short the heck out of them. You should pick up the yeild as well as the interest from shorting.

yeah hecty the pro quant speaking here. the stock market is efficient just like the real economy where no one businessman understands his business beteer than his competitors and cant achieve an above cost return.

or maybe its just that you cant.

huh? what exactly are you replying to?

 

[Mill]

Originally posted by: zillafurby

Originally posted by: Hector13

Originally posted by: glenn1
I joined, but i have a huge issue with one of the contest rules.

<< 7. This simulation will not handle limit orders or open orders and we don't pay dividends. You may short sell in the game. >>
Are you aware that this puts those who would invest in a dividend-paying stock at an extreme disadvantage, since after a stock goes "ex-dividend," the shares get adjusted down to reflect the value of the dividend payout? For example, if you have a $50 stock that pays a $2 dividend during a contest period, the exchange price of the share will automatically be adjusted down to $48 on the ex-dividend date.

So basically, if you don't invest in non-dividend paying (read: technology) stocks, you're already starting off with a huge disadvantage. Basically, if you choose to invest in a stock which pays a dividend, you have to make up in capital appreciation the dividend yield of your stock just to stay even.

well then you have a simple strategy already... pick the highest yield stocks you can find (are preferreds available in this game??) and short the heck out of them. You should pick up the yeild as well as the interest from shorting.

yeah hecty the pro quant speaking here. the stock market is efficient just like the real economy where no one businessman understands his business beteer than his competitors and cant achieve an above cost return.

or maybe its just that you cant.

Smoke crack much?

 

[slydecix]

Originally posted by: nourdmrolNMT1
ok, did no one get lucky and invest and buy 10K shares of PLMO today??

kid in the other competition i am in (school) did, and got 40000$ profit from it. DAMN HIM

MIKE

See, that's the thing about these kinds of contests... buying a stock right before an earnings announcement isn't "investing". It's gambling, and there's no real downside, besides losing some fake money and bragging rights. I'd like to see him make the same kind of investment decisions with his own money.



Anyway, guess who's leading right now

EDIT: By the way VSE (A service of CBS Marketwatch) is another investment contest site where you can set up your own competitions. It loads a lot faster too.

 

[slydecix]

nourdmrolNMT1, way to take advantage of fault in the site's trading system, ya CHEATER!

 

[Gibson486]

they had this thing called the mainxchange a few years ago where they gave you money to invest in the market. It was pretty fun....

 

[FrogDog]

Oh wow this thread is older than I thought. Apparently the deadline is already past.

 

[Jeff7181]

I should get my grandpa to play... he made 147% last year

 

[Jeff7181]

Originally posted by: Dissipate
This game is pointless. The stock market is by and large random, more about that here..

Actually it's not, but that's ok if you don't understand it yet =)

 

[bmacd]

i want to join, but i don't know a thing about stocks. Where can i *quickly* read up so i'm up to par with others?

-=bmacd=-

 

[CPA]

damn, how did I miss this. When you gonna start a new contest?

 

[MikeMike]

yeah, whats up now?

whoa, didnt notice elite bull had bumped this, but yea, i dont know if that is this games problem. that stock split, i bought it when it was @ like 30$ it split, and went down, so is that cheating? it wasnt a dividend drop.

ill start a new game the day after this one is over.

it seems a lot of ppl are in LONGS and not day trading it. but yea. shortsellin a stock that split and went down = $$$$

i want IPIX last thursday though. its gone up like 300% since then.

MIKE