- #6 of 41
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Re: Is everyone crazy? [auditt311]
by sandcountry360
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Feb 28, 2008 (12:49 pm)
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Replying to: auditt311 (Feb 28, 2008 12:24 pm)
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 (12:54 pm)
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Replying to: sandcountry360 (Feb 28, 2008 12:49 pm)
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 (1:11 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 (1:24 pm)
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Replying to: auditt311 (Feb 28, 2008 12:24 pm)
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 (1:29 pm)
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Replying to: xed (Feb 28, 2008 1:24 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 (1:32 pm)
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Replying to: b_obama (Feb 28, 2008 1:29 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 (2:30 pm)
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Replying to: auditt311 (Feb 28, 2008 12:24 pm)
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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- #13 of 41
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Re: Is everyone crazy? [gear7]
by xed
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Feb 28, 2008 (2:37 pm)
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Replying to: gear7 (Feb 28, 2008 2:30 pm)
Oh, I'd say there's a real connection between actual business profits and stock performance in the real stock market. Now that connection varies and is sometimes discarded for "building castles in the air", as in the late 90's/early 00's bubble. But investors still study the crap out of earnings reports, business decisions, etc., because these things affect the prices and performance of stocks.
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- #14 of 41
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Re: Is everyone crazy? [xed]
by gear7
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Feb 28, 2008 (2:43 pm)
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Replying to: xed (Feb 28, 2008 2:37 pm)
Yes profits can and often does effect stock prices due to speculation based on the earnings information... but that's not what I meant by "direct connection". My point was that money isn't somehow dumped into the stock price directly by the company... and sometimes companies report great earnings and the stock takes a dump... it's all based on speculation of that stocks future and supply and demand.
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- #15 of 41
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Re: Is everyone crazy? [gear7]
by xed
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Feb 28, 2008 (2:43 pm)
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Replying to: gear7 (Feb 28, 2008 2:43 pm)
Ah, I gotcha. Yeah, agreed.
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