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Car Stock Exchange Extremely Confused
30 messages, Last post on Apr 04, 2008 at 12:13 PM
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I just sold all my stocks. It just didn't work out for me which sucked because I really wanted that wii for the new smash bros Brawl game.  Anywho, I sold my stocks. I started off buying 5-20 stocks in 10different cars. My %change was grew to a max of 7%. I made about $100. So i figured to get more money, I bought more stocks. I bought an even 1k stocks in every car I held a stock with except the overly overpriced corolla. At first all was good because by noon, Each car made about $8k but at 1pm, It dropped faster than a person who found a $100 bill on the ground! All had a net gain of about -$8K. My %change dropped from 7% to .67% to now -.78%. My overall rank started at 430, dropped to 320 with the 5-20stocks, rose to really high like past 1500 with the 1000. After selling everything, it dropped to 1388. The main reason I quit was after seeing the leaders 1810.53%change, and a profit of 19,***,*** compared to my dismal high of 7% and max money being 1,036,514.00, I just lost hope. My current overall rank, 738. I just have a short on the corolla now and its currently negative. I'll start buying again either when prices fall or when more vehicles are available and i read all the directions/ instructions/ rules and regs/ etc 1st. -Cj 
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Replying to: autoboy16 (Mar 16, 2008 6:29 am) 
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Replying to: supra4 (Mar 16, 2008 8:18 am)  Quick question after reading; Better to buy cheap and keep or buy cheap and sell high? Easy way to explain shorting? -Cj
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Replying to: autoboy16 (Mar 16, 2008 8:44 am) good luck! |
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 How am I gaining money if the price of a particular stock goes down? That's Bass Ackwards!!! This is s'posed to work just like the real stock exchange right??? For instance, if I buy 10 shares of stock XYZ at $10.00/share, that's $100.00 total. If the stock price goes up to $12.00/share, I make a gain of $20.00, right? ($12.00 - $10.00) x (10 shares) = $20.00. Instead what I've been seeing are when the price of a share goes down I make a gain of the respective difference times the number of shares I have. This seem like we're playing in bizarro world, where up is down and left is right!!! Also when I want to buy share XYZ at the listed price per share, and type in the amount of shares I wanna buy, on the next screen it changes the original list price to the estimated price per share. That becomes the price I actually per share. WTF!!! This price, I'm assuming could either be higher or lower then the list price (so far it's been higher for me), but it seems unfair. Why am I paying a different amount per share than what is listed???
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Replying to: dhena (Apr 04, 2008 7:17 am) Thanks, Mike CSX Game Supervisor
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Replying to: mikedrud (Apr 04, 2008 8:00 am) Although this might be hard to achieve, we do need a market limit buy/sell option.
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Replying to: chung (Apr 04, 2008 8:03 am) |
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Mike, would it be possible to tell us briefly how the stock price are calculated (high level I guess)? In other word, what influence the stock price? Number of players? Number of stock/short position players have? volume traded? It seems like the stock price has more volatility after many high wealth player can't no longer trade. This seems weird because I previously thought it was high wealth traders who were moving the stock price with high volatility. Thanks,
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