hehe I just looked at the stats - that was supposed to be a short sell on my last buy. Oh well - guess I have to wait it out and hope christmas is good for siri...lmao!
Well...it's almost as real as you can get after the market put a moritorium on selling short.
Don't forget Waffle also had about $125,000 in his account when I accidently deleted the first part of the game...so add that on to his total.
It's wierd, Waffle was up almost 1/2 Million bucks but had all his eggs in one basket with Sirius. Stage1 made quite a bit too. Both rode that big pig almost into a 1/2 Million dollar loss.
I'm waiting for the market to bottom out (should be Friday) then I'll go hunting for deals.
If you use marketwatch.com it's easy to put up about 40 different stocks--diversify--put up some financials, some pharmicuticals, some energy, some tech, and some consumer stocks...put up 8 to 10 of each kind and have some high-end and some low end. After you do that, shortly after the markets open every morning (give 'em about an hour or so) and you have a decent barometer of what the market's feel is that day.
Sometimes the Fed will make an announcement that changes the direction that day, or if yet another bank fails...you will see which way it's going.
We have 3 full months to go Mr. Waffle. You just might win yet. I'm not sure if not diversifying might be really hurting you.
I took it in the shorts early in the game with Fannie & Freddie. I also did some Lehman Brothers back then--but cut my losses with a stop-loss of a few grand. Lehmann was $55 a share back then...it's .21 cents a share now and bankrupt.
Pharmicuticals are doing better, and some of the stronger banks are doing better.
It's still a mess in the mortgage market.
This might be a fun "game" right now, but the reality is we're staring into the eyes of a depression--I hope the depression blinks first.
ROX