- #3 of 41
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Re: Is everyone crazy? [auditt311]
by british_rover
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Feb 28, 2008 (11:32 am)
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Replying to: auditt311 (Feb 28, 2008 11:24 am)
I agree I don't think there are enough people in the came now to create realistic prices. I tried shorting the corolla but there is so much volatility you can't possibly get a price that makes sense. I hit the buy short button at 650 dollars but actually bought corolla shares at 350 dollars. 
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- #4 of 41
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Re: Is everyone crazy? [british_rover]
by supra4
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Feb 28, 2008 (11:42 am)
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Replying to: british_rover (Feb 28, 2008 11:32 am)
Can you say .com crash
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- #5 of 41
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Re: Is everyone crazy? [supra4]
by british_rover
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Feb 28, 2008 (11:47 am)
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Replying to: supra4 (Feb 28, 2008 11:42 am)
Yeah seriously.
Now I am trying to short XF and Four_Two shares but keep getting screwy prices. If I try to short either one of those shares I get prices in the low teens or single digit range. So I cancel and try to buy long then I get prices in the 90 something dollar range.
I can't figure if that is an error or just how the market software works.
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- #6 of 41
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Re: Is everyone crazy? [auditt311]
by sandcountry360
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Feb 28, 2008 (11:49 am)
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Replying to: auditt311 (Feb 28, 2008 11:24 am)
Another small factor we seem to have forgotten about:
Everyone has $1,000,000 in imaginary money burning a whole in their pockets, and the only thing they can spend it on is waaaaaay over-inflated stocks. But, said stocks are better than nothing I guess. I think a lot of people are just having fun and enjoying it, probably realizing that they aren't going to get the prize anyway, might as well enjoy the ride. 
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- #7 of 41
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Re: Is everyone crazy? [sandcountry360]
by supra4
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Feb 28, 2008 (11:54 am)
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Replying to: sandcountry360 (Feb 28, 2008 11:49 am)
This is more like a popularity contest for the car industry. The corolla is just the nerd who rigged the contest or got all his D&D friends to vote for him. 
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- #8 of 41
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It's a GAME, folks
by grizguy
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Feb 28, 2008 (12:11 pm)
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It's a GAME, folks.
Try not to take so seriously that people are "crazy" for paying so much for fake stocks.
I mean, we're car guys. Therefore, YES, we are crazy.
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- #9 of 41
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Re: Is everyone crazy? [auditt311]
by xed
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Feb 28, 2008 (12:24 pm)
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Replying to: auditt311 (Feb 28, 2008 11:24 am)
You're right. Now that shorting and selling seem to be working I am trying to do my part in bringing these prices back down to reasonable levels.
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- #10 of 41
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Re: Is everyone crazy? [xed]
by b_obama
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Feb 28, 2008 (12:29 pm)
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Replying to: xed (Feb 28, 2008 12:24 pm)
Totally agreed - I'm shorting everything like crazy. Pretty soon, everyone will realize that the prices are over inflated and will begin selling/shorting. The prices are going to fall like rocks (like the Carola has).
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- #11 of 41
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Re: Is everyone crazy? [b_obama]
by rapidcarscom
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Feb 28, 2008 (12:32 pm)
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Replying to: b_obama (Feb 28, 2008 12:29 pm)
Depends how you look at it. Since this game is still in its infancy there's going to be a whole of people signing up over the next few days and a lot of them will just buy stock in whatever car they like so there's a good chance a lot of cars will keep going up even though they are overvalued. I'm currently making money on all my buys and losing like crazy on my short sells. I'm thinking of holding on to my overpriced stocks for a few days before the market starts to stabilize and people actually understand the rules
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- #12 of 41
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Re: Is everyone crazy? [auditt311]
by gear7
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Feb 28, 2008 (1:30 pm)
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Replying to: auditt311 (Feb 28, 2008 11:24 am)
Like the real stock market there isn't any real connection to the actual business profits. It is all speculation... and like the late 90's where a mass of new people came online and were interested in the new easy way of investing in the stock market... CSX stocks will experience the same supply and demand rise.
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