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Is everyone crazy?

41 messages,  Last post on Mar 03, 2008 at 5:06 PM

You are in the Car Stock Exchange Forum.

What is this discussion about? Chevrolet Tahoe Hybrid


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#25 of 41
Re: come on [qbrozen] by british_rover
Feb 29, 2008 (12:21 pm)
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Replying to: qbrozen (Feb 29, 2008 12:16 pm)

Oh yeah I shorted that stock at 92 dollars or so.
#26 of 41
Re: come on [qbrozen] by gear7
Feb 29, 2008 (12:24 pm)
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Replying to: qbrozen (Feb 29, 2008 12:16 pm)

6 months seems like an aweful long time to tie up your money.
#27 of 41
Re: come on [gear7] by louiswei
Feb 29, 2008 (12:27 pm)
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Replying to: gear7 (Feb 29, 2008 12:24 pm)

6 months seems like an aweful long time to tie up your money.
 
If your objective is to maximize your portfolio right now I'd agree with that, however I don't think that's the objective for playing this game. I don't know about you but I am here to predict how well will these cars sell in the first 6-month period.
#28 of 41
Re: come on [gear7] by qbrozen
Feb 29, 2008 (12:29 pm)
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Replying to: gear7 (Feb 29, 2008 12:24 pm)

well, herein is the "problem" with the game. For the first 6 months, we aren't gambling on the sales of the vehicle, we are gambling on what other folks will do with the stock.
 
So, yeah, the A5 ain't selling anywhere near those numbers, but as long as folks buy the stock because they don't understand what the numbers mean, it doesn't matter.
 
So, you are correct. I very well may have to wait 6 months to see reality kick in. I'm hoping, however, once true sales numbers are posted on a regular basis, folks will quickly realize how the game works.
#29 of 41
Re: come on [gear7] by supra4
Feb 29, 2008 (12:31 pm)
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Replying to: gear7 (Feb 29, 2008 12:24 pm)

Do you think you are going to make 2500% by buying stock? Its capped at 100. He will make 82 dollars per share. If he has 10000 shares then he just made 820,000 on one stock.
#30 of 41
Volatility by adamb1
Feb 29, 2008 (12:38 pm)
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Wow. There's some serious volatility in this market place. I agree that long term, a short and hold is probably a good strategy as most all of the stocks are vastly overpriced compared to the rules of the game. In the interim though, the activity looks pretty random.
#31 of 41
Re: Volatility [adamb1] by supra4
Feb 29, 2008 (12:45 pm)
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Replying to: adamb1 (Feb 29, 2008 12:38 pm)

Originally it was the cool cars with inflated prices now its crappers like the Nissan Murano and Hyundai Genesis. Come on who really gets excited about the Subaru Forester.
#32 of 41
Re: come on [qbrozen] by gear7
Feb 29, 2008 (12:47 pm)
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Replying to: qbrozen (Feb 29, 2008 12:29 pm)

Right, if you don't mind just sitting on a short for a good while and don't have much time to put into the game, then that'll work great and has virtually zero risk, but the max someone can gain shorting a stock is +100% and that's if the company goes belly up which wont be the case here. So somewhere in the 90% range is the realistic max. Meanwhile playing the market yesterday and a little today I've managed to add 170% to my net worth (even though most of the stocks are down from when I started) and had a lot of fun doing it.
#33 of 41
Crazy by supra4
Mar 02, 2008 (9:40 pm)
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How can the prices be going back up? Alot of people must be going negative.
#34 of 41
Re: Crazy [supra4] by mikedrud
Mar 02, 2008 (11:17 pm)
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Replying to: supra4 (Mar 02, 2008 9:40 pm)

New players are coming on board every day, so speculation and added transactions are keeping prices up there.
 
It's only been about five days total now, so we'll see where the market goes from here. Very interesting activity so far.
 
Best,
 
Mike
CSX Game Supervisor

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