- #3 of 6
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Re: External factors need to move the market [pipedaddytx]
by networkguy
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Sep 08, 2008 (12:43 pm)
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Replying to: pipedaddytx (Sep 06, 2008 7:19 am)
Shorting stocks when way too overpriced is a good idea. When the prices start to drop, you see your wealth increase. You could sit tight and pocket the money when the stock retires. You just don't make as much money as somebody doing 30 intelligent transactions a day. The way this game works, you can only make real money when stocks are changing hands. It then becomes a matter of cycling the shorted stock through multiple cover/short swings to increase your worth. I discovered in Aug. just how hard it is to make additional profit with little to no liquidity. It takes freed up cash to make more cash. In essence, you still have to 'day trade' to some degree to relatively advance.
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- #4 of 6
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Re: External factors need to move the market [networkguy]
by pipedaddytx
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Sep 09, 2008 (7:18 am)
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Replying to: networkguy (Sep 08, 2008 12:43 pm)
Thanks for the feedback. I guess my primary point is that our market alone has come nowhere close to "correcting" for the actual sales figures. Nowhere close!
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- #5 of 6
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Re: External factors need to move the market [pipedaddytx]
by networkguy
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Sep 09, 2008 (10:36 pm)
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Replying to: pipedaddytx (Sep 09, 2008 7:18 am)
The just retired stocks have been around since close to the start of the game. Many were insanely overvalued. I bet there are/were a reasonably high number of dormant players with shares of these stocks.
Also, once shares start dropping into the 20's, it takes quite a bit of cash to short significant numbers. I believe the recent IPO's haven't climbed nearly as high as earlier cars with similar sales projections.
I'm not saying the game can't use some work. Pricing being derived strictly from player actions does have it's limitations. As Mike would say, it's still in beta.
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- #6 of 6
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Re: External factors need to move the market [networkguy]
by pipedaddytx
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Sep 10, 2008 (1:59 pm)
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Replying to: networkguy (Sep 09, 2008 10:36 pm)
Once again good feedback. Seems like the Mike and co. are playing a wait and see strategy so we'll see how the next few months shape up. Seems like the measure of "success" in this game is how close the retire price of a stock comes to the actual price. Would anyone agree with that statement?
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