3rd Annual Aces High Stock Market Game!

[crockett]

I didn't actually buy double.  I put in an order for 300,000 at a seemingly high limit.  I cancelled the order and put in one for 100,000 at a touch lower limit.

The first order apparently wasn't canceled quickly enough.

Yea that's what I'm talking about.. I did the same on the buying I put a order in and then decided to change it right away. So I cancelled out the first and it still bought it plus the new order. Just seems like they should have some sort of warning letting you know the cancelled order actually went through. With the 20 min delay it's hard know what it's going to do.

[Donzo]

I think the cancel orders go through the same 20 min wait period.  In other words the cancellation is not immediate, rather, it will be executed 20 mins after you place it.

[rpm]

I think the cancel orders go through the same 20 min wait period.  In other words the cancellation is not immediate, rather, it will be executed 20 mins after you place it.

You are right. I have learned to wait 20 min after a cancell to make sure it did indeed cancel.

BTW, call me the Comeback Kid!

[xNOVAx]

BTW, call me the Comeback Kid!

I think that name belongs to me.. Thank you come again.. 

[rpm]

I dunno, I think Senor Comeback is more fitting for you.

[xNOVAx]

What are you saying I'm old?   

[rpm]

Not Senior, Seņor.

[lasersailor184]

I see that Waffle's in.  Can he measure up to the pure business genius that is the AH BBS?

[Waffle]

little late, but i'm in....lol

[lasersailor184]

little late, but i'm in....lol

Waffle bought 6.5 million shares of a 1 cent stock.



And everyone else seems to be tanking today.  Yesterday half of the members were above the starting point.  Now 3 of us are.

[Donzo]

Those penny stocks are a PITA!!!!

The game website rounds everything to 2 decimal places so you have to calculate what price you actually purchased the stock at. 

[crockett]

Jeebus I can't have any luck the last two days.. I actually made some good buy and sells both yesterday and today but freaking Yahoo is killing me. It was on a steady rise yesterday so I bought in, then like 30 mins after I buy a news article of nothing more than "rumors" tanks it by like 40 cents.

So I watch it today and it seems to stabilize and has a up trend again. So I buy on a low dip to average out my price so I can get out with a profit at a lower price.. So what happens? Another "Rumor" article that has no real substance makes the stock tank another 20 cents. Despite Yahoo releasing press releases on two very good advertising deals today. Does the market react to the "real" deals that will actually make them money? Hell no it's reacts on rumor articles about CEO's in a bar.. I'm mean WTF no wonder oil prices are sky high these wall st tards are worse than house wives.

[crockett]

Those penny stocks are a PITA!!!!

The game website rounds everything to 2 decimal places so you have to calculate what price you actually purchased the stock at. 

Well the problem with those penny stocks is with the amount of money we are dealing with I don't think you would ever get out of one spending 100k on them. It would take you a day or two to buy 100k of sub .0XX stock much less trying to get out of it. I didn't realise how this game worked when I suggested to add the ability to buy them, but IRL you guys wouldn't have been able to make those deals.

[lasersailor184]

Well, we believe it works this way.


You can buy them whenever, for how ever many you want.  However, when you put in the sell order, it waits for that volume of sales to clear.  So Waffle's a little bit screwed here (I think).

When he turns to sell, he's gotta wait 3-4 days (on my estimation) for 6.5 million shares to sell in the real world.  He could be selling on an Upswing.  But by the time it goes through, it might have dropped.

[crockett]

Well, we believe it works this way.


You can buy them whenever, for how ever many you want.  However, when you put in the sell order, it waits for that volume of sales to clear.  So Waffle's a little bit screwed here (I think).

When he turns to sell, he's gotta wait 3-4 days (on my estimation) for 6.5 million shares to sell in the real world.  He could be selling on an Upswing.  But by the time it goes through, it might have dropped.

Well the problem is even when buying with penny stocks, buying that kind of volume would be enough to drive the price up on it's own. You wouldn't get a 100k worth of some .009 stock wih out driving the price up. Same with selling it, you would never sell that much with out driving the price down unless it was on some major up move.