Promoted by Brendan (and timestamp changed) -- everyone get in on the fun!
There has been some interest in starting a stock market challenge over at Marketwatch . Of course, everyone who is interested in playing is welcome to join.
We do need to set some rules:
Starting cash amount [$100,000]:
Public portfolios [y]:
Portfolio resets [n]:
and then if we're going to allow any advanced options (margin, shorts, stop loss orders, etc.). I think the defaults are fine and the advanced options are fine as well, but I'm open to suggestions.
Edit:
Game ID: swordscrossed
Game Name: Swords Crossed
Password: bernankerulez
The game starts on the 24th and ends on 3/25/09 -- the day I turn 25. Try to be signed up by the start. Everything was the default options as far as rules are concerned. Best of luck to everyone!
__________________________
I'm listening to...
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén
Always look on the bright side of life!
Doo doo, doo-doo doo-doo doo-doo!
Cheer up guys, the markets bound to come back sooner or later.
grrrrrrrrrrrrrrrrrrr
heheheheh
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
It looks like GoRight
got jobbed by the VSE game -- three of his stocks zeroed out.
In other news, the bloodbath skymutt is taking on GM makes my investment in Jet Blue look positively inspired =P
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
I'm riding that puppy down to zero!
Getting killed on it in real life too. I was "early" on GM, as the traders say :-p
Ouch! That would have hurt!
I assume some kind of reporting glitch, though, as these are all mutual funds which seem to actually still have value on the market if you follow the links to their stats. None of them looks good, though.
That's what I get for picking a mutual fund that tries to follow the S&P500. Those losers at S&P don't know squat. They drove things straight into the ground, I guess.
Still, I think I'll hold pat on those, he he, I've got faith in a come back.
__________________________Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
I don't know GoRight
Looks to me like you're getting your butt kicked by a bunch of socialists.
I thought you Republican types were supposed to be business experts. :)
__________________________qui tacet consentire
Republican-types are business experts?
Dow Jones on 1/20/1993:
3241.96
Dow Jones on 1/20/2001:
10587.59
Dow Jones at the end of yesterday:
11442.59
Translation:
Every $1 you put into the market the day Clinton was inaugarated, turned into $3.27 by the day he left office.
Every $1 you put into the market the day Bush was inaugarated, has turned into just $1.08 today.
That's the Republican "business expertise"?
No thanks.
__________________________“Unthinking respect for authority is the greatest enemy of truth.” --- Albert Einstein
Small matter of an equities bubble.....
....in there somewhere in the nineties. I have a vague recollection of some such. :^)
Also, I'm kicking ass and I'd say I'm most closely analogous to the "Ghengis Khan" wing of the GOP, despite our religious differences.
The game has a long way to go
You can make money shorting the banks, financials and homebuilders for just so long. :)
__________________________qui tacet consentire
Then you....
....go long the banks, financials and homebuilders! :^)
As an aside, I have shorts on the airlines in there, too. Once the industry rationalizes and adjusts to oil in the 80-110 range (which I figure is where we'll end up), I see potential there. I don't know if it's going to happen in the game's time-frame, though. Same for the financials and HBs, though it pains me to say so.
Back in the black on Jet Blue!
Now, how many thousands of dollars profit should I hold out for?
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
LOL! - nt
Whatever =/
It hit $4.00 today, it'll probably hit $4.20 tomorrow =)
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
Forget a new world, you need.....
....a new stock. Put aside the fact that I agree with you that oil is overdone. Most of these guys can't make money at $100/bbl; how is anything other than an utter collapse in oil prices going to help them? And if such a collapse does come about, doesn't it imply a massive slow-down of the sort that would kill their business, anyway?
Well, they have
a better financial outlook than some of the old large airlines because they don't have the same overhead from pensions and union pressures.
But continuing to cling to my "it's all smoke and mirrors" image of the stock market, I will insist that if oil drops significantly Jet Blue stock will go up regardless of whether Jet Blue's long-term outlook improves, because enough people don't trade on value they trade on perception =)
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
/me waits impatiently for oil to plummet
and loses tens of thousands of dollars in value in the meantime...
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
I figured out the hard way
that rather than wait for a trend to develop, it is better to get out and put that money to work in something else than it is to stay and wait on the trend.
I got burned more than once stubbornly refusing to give up on a stock I was sure was fixing to turn the corner.
__________________________qui tacet consentire
Any day now!
You're probably right, but since it's fake money I'm gonna try to hit it mega rich instead of taking a loss and going back to slogging away for small gains.
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
Today was Bargain Day on the market
Nothing better than picking up a stock at clearance-sale prices.
Anybody get any great buys today? I got back into Freeport-McMoran when it reached 117.
__________________________qui tacet consentire
no...
I need to sell all the crap I got so I can go into better sectors and pick up those bargains :) Most of my stuff seems overpriced.
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
Getting HAMMERED on my huge GM play
I've tried to pick a bottom in the hated U.S. auto industry and it's not paying off today. I've bet the farm on GM... I'm either gonna win this contest or finish dead last, and the latter seems more likely at the moment.
I'm still on the wait list for my Chevy Volt though. I'm just hoping that GM gets the technology right this time around, because if they don't, they could be facing bankruptcy. My research leads me to believe that Ford is even further behind in gas-saving technology and could be in even more trouble than GM over the next five years.
I hear ya
I went with a bunch of oil and gas related stocks and it's doing so so. And since that bubble can burst any time, I might be selling it all shortly and moving into a few different industries :)
But yeah, GM and Ford are risky bets. Sorry to see the mini-dive on it. Who knows, it might pickup by the end of the day.
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
More GM pain today
The rating agencies said bad things about the U.S. automaker's debt today, and of course GM shed another buck. Do they not care that I've backed up tje truck and loaded up on GM???
Ah well, I'm committed now, sinking or swimming with it. It's got like 9 months to turn around...
Could be worse
Did you see what happened to Ford today?
__________________________qui tacet consentire
Ford and GM are bouncing back a bit today
I'm still getting crushed on the trade, mind you. In real life, I picked up a thousand shares of GM @13.29... Granted that they don't have a good product mix right now and nobody can afford a new car anyway, but they are making the right investments in R&D right now, so in the next recovery 2 or 3 years down the line, GM's going to have plug-in electric vehicles for sale and they are going to go like hotcakes. They'll be built by workers under the new union contract, which allows GM to be more competitive with the imports on a cost basis. Finally, economic nationalism is going to increase during this rough economic patch we're heading into, especially when unemployment starts spiking, and people are going to buy domestic autos more.
Yikes.
Still hanging on? This looks like overkill on Goldman's part, GM was clearly already in a world of hurt. I'm considering taking it as a contrarian signal to buy.
If GM can get the Volt out soon
It'll sure help with the fall off in the truck & SUV market.
I've been looking at the big Integrated oils...
Exxon, PetroChina, BP, Shell, PetroBras, Chevron, etc... I don't understand why they aren't doing better since it seems like oil approaching $150/barrel would be a dream scenario for them. Exxon is absolutely stuck in the mud at around $88, and I don't see any correlation between it's price and the price of oil recently. Like today: the price of oil is up, Exxon is down. I don't get it.
I think part of it is that....
....the market is discounting the idea that they'll have $150/barrel for very long. It will result in demand destruction or, for the unlucky players with too much exposure to bad places, expropriation or shut-downs. They may also be discounting a good chunk of the recent run-up as speculation, too.
Also, some players are hamstrung by domestic price caps, like PTR.
Yeah that's what Jim Cramer thinks
I happened to catch the beginning of "Mad Money" they day I posted this question, and he addressed this exact issue, and his answer was basically yours. I mean I know that the drillers are having a field day charging thru the roof, but it seems like even at $75 a barrel there's plenty of cash generated to please everyone. They must be worried that oil is going to really tank. Maybe they also think that the Democrats are going to slap a windfall tax on them if they earn more than they do now.
I'm scared to be on the same side as Cramer. :^)
The last time that happened, I got my ass handed to me on a silver platter.
I am not sure
if the price of oil translates into direct profits for them... Does it? I don't know much about it.
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
Oil!
Topping out of a speculative bubble, the start of another leg up, or both? :^)
on the one hand I want to make some money
on my virtual stuff, but on the other I would prefer the oil would go down :) I think it's almost time to get out of it though.
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
unbelievable crap...
I short a stock before 9:30... The stock stays at -$0.05 most of the morning. The trade doesn't go through the whole day and I stop paying attention to it. Then finally I am tired of it and cancel the trade - as soon as I cancel it, my short goes through and I get the stock. Apparently the stock went down a large amount through the day and because the trade is stuck until you cancel it I was robbed!!! :)
Of course I ended up getting it at the lowest point... whooppie!
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
Yeah
The game has about a 50% success rate at actually executing trades in a timely fashion. It's getting pretty ridiculous.
__________________________I'm listening to...
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén
the key to getting a timely trade
might be to try canceling it after a few...
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
Yeah, well...
I tried to cash in on my successful BSC short on Friday, at 10.10. It did trade at 10.10 a few minutes after I placed the trade , but the trade did not go through.
Then it closed at 10.20 and today it's worth 10.30 or something. I can still make money (I shorted at 10.60), but I'm kind of annoyed considering that the game also screwed up the ORCL purchase of BEAS.
By the way, as I've had no response, my plan is to whittle down the difference by selling the same quantity of shares low and buying high over a few days. I think losing money should be easier than making it, but I've never tried to do it on purpose before. We'll see what happens.
Good money after bad
There's this strategy for casino games of doubling
your bet every time you lose, so that in theory eventually you recoup your losses plus a small gain. As the link explains, it's not nearly as clever as it seems at first glance, and one would think that such an approach would be even less attractive when it comes to stocks, since presumably past performance really is correlated with future trends rather than being random (in the short term, anyway).
Nevertheless, that's my preferred "strategy," and I find it to be reasonably effective given the large bankroll we have to play with. When a stock I hold drops in value I am more likely to buy double what I hold than to sell it, and wait for the rebound. Now I only need it to go up half as much to break even =)
I wouldn't do this with real money but like I said it seems to work ok if one has minimal interest in conducting deep research into specific companies. The little numbers go up and down and if they go up you sell and if they go down you buy more (assuming long positions) -- what's not to like?!
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
Martingales are not a plan. :^)
http://en.wikipedia.org/wiki/Martingale_%28betting_system%29
They only work under two circumstances, one very theoretical and the other very real but requiring some of what you seek to avoid:
A) You have effectively infinitely large pockets. I don't think 100K over 1 year counts.
B) There are underlying trends or cycles in the market or bet you're playing. In that case, either a martingale or anti-martingale might work, depending on whether the effect is a regression-to-the-mean or some kind of trend (higher highs or lower lows). But trends and/or regression-to-the-mean mean that you have to have some idea of the driving force, whether it be fundamentals or as simple as trend-following/momentum.
But regression to the mean seems highly likely
for most of these cases, where the drop in value is connected to some outside force that is expected to stabilize. For example, Yahoo tanked because Microsoft withdrew the purchase offer, but Yahoo's stock before that wasn't inflated due to the pending offer by nearly the amount that it fell. So it should rebound once everyone calms down.
Ok, so that's cheating because I'm trying to use knowledge of the companies involved, but my impression is that if I dug under the surface for most of these sharp swings I'd uncover fundamental factors that favor a rebound.
Like I said, I wouldn't do it with real money =)
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
More errors? Help!
Hey everyone.
In all honesty, I have such limited understanding of the stock market that I am surprised I am still in the green. I have a few Q's for anyone who wishes to give a short tutorial:
I own 59 shares of RDS.B (Royal Dutch Shell). Every time I attempt to sell it, I get this message:
This message comes up even if I attempt to sell one share. It's been stuck like that for three days now. WTF?
Next question: what is 'Sell Short' (I saw 'stopping short on Seinfeld once) and 'Buy to Cover'? These are options beyond the basic 'buy' and 'sell' transactions.
Update: I went into 'Orders' and I noticed my sale of RDS.B was still pending (after three days). I cancelled the order. We will see if that fixes the stalled transaction.
Pending orders
Sometimes the game just seems to choke and not execute an order for whatever reason. If you cancel it, that usually makes it go through, at least it works for me.
__________________________I'm listening to...
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén
Sell short
means you think the stock is going to decrease in value, so you "sell short" it to someone else (the computer in our game) at the current price and then later when it falls you "buy to cover" to complete the transaction. Basically it's the opposite of buying low and then selling when the stock value gets high.
I think, anyway =) There are additional more complicated options not available in the game... lots of ways to lose money in real life.
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
Pretty much
Technically, I believe when you sell short, you borrow shares from someone to sell to someone else. Then you have to cover your position (buy to cover) by paying the guy you borrowed from whenever you're ready to do so.
__________________________I'm listening to...
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén
The technical term....
...is hypothecation.
I'm still confused
When would you need to do that and what is the benefit?
you benefit
I think Walmart is about to go down because they suck.
selling short
I borrow 100 shares of Walmart that are currently selling at 1$ per share.
I sell 100 shares for $100 total
Walmart shares subsequently drop to 50cents per share
buying to cover
Now I want to make my profit and return the shares that I borrowed.
I buy back the 100 shares which now only cost me $50 total.
I return the shares and keep the $50 I made.
I benefit :)
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
That was a much better explanation
I'm listening to...
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén
thanks
I tried to make it simple :)
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
Example
Basically you short when you think a stock will go down and buy to cover when you think it has hit about the lowest it will hit in a given time (a local minimum for us math geeks).
For instance, right now I'm shorting Wachovia Bank and Freddie Mac. I essentially borrowed shares from someone and already sold them at $29.41 and $26.19, respectively (all numbers will be quoted respectively from here on out). Right now those same shares are trading $29.89 and $26.75. So if I paid off the guy I borrowed the shares from, I'd lose $.48 and $.56 per share because I have to pay the current market prices. Paying the borrowee (that isn't a word, is it) is called "buying to cover" or "covering one's position". If those shared had gone down I'd realize a profit because the shares were worth more when I sold them than when I covered my position.
This is in contrast to a long position (the default) where you buy a stock at a relatively low price and hope it rises in value so that you can sell it then.
It was confusing for me at first, but Wikipedia and various finance websites helped. Hopefully, my example wasn't too confusing. :-)
__________________________It's a complicated topic, for sure.
I'm listening to...
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén
Wacky Wachovia and FRE?
I'm shocked. While all the financials are probably overvalued to some extent at the moment, I can think of much crappier stuff off the top of my head that is still trading at much more inflated values. I think the big names are closer to fair value by mere virtue of being closely watched by a lot of people.
The regional banks, OTOH....
Funny you say that
since today FRE is down over 5% and WB down about 1%
__________________________I'm listening to...
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén
Yeah, but then FNM announces...
....things are worse than expected and FRE, miracle of miracles, is up 7+%! Like I said, I might not disagree with the case that they're overvalued, but it seems like there's easier money out there, particularly given that VSE let's you short stuff that is otherwise nearly impossible to borrow IRL.
OTOH, I just saw this: http://acrossthecurve.com/
If agency spreads are widening significantly, I suspect todays melt-up in the GSE's and friends is not long for this world.
It's volatile
I'm hurting pretty bad lately. I went from top 3 to very close to bottom.
At least my small investment in TAP is doing well. I figured bad economy = more people on the sauce. Up 7%!
__________________________I'm listening to...
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén
You convinced me.
Or maybe it was the agency spreads. Or maybe all this bottom calling on CNBC. Anyway, I put in a small short on FRE. I'd still rather play the crappier banks for most of it, but it can't hurt me too much even if Mudd is being overly pessimistic about the GSEs and housing.
How ironic
I'm about ready to cover. :-)
__________________________I'm listening to...
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén
Yeah, turned out to be a day-trade......
.....for me, too. I wouldn't mind re-entering the short if it pops a little, though. The key's the wave of alt-A trouble still coming. It doesn't impact the GSE's directly, but it should keep up pressure on housing (and therefore mortagegs) in general.
P.S.
Only two more weeksleft in the semester, then I can hopefully find time to jibber-jabber with you all. :-)
Whiskey Tango Foxtrot?
I see Marcus A. put in a stellar performance today, with a 16%+ one-day gain. Alas, I can't make heads or tails of it. It looked like his last purchase of BEAS was a few days ago. Did I miss something?
Sorry guys...
I had a bearish position, unlike most of you, so I did a couple of trades to obtain essentially an interest rate, as if I were buying bonds.
One of these was BEAS, which Oracle bought a couple of days ago for 19.375 per share. I'd picked it up at around 19.14 and then some more around 19. It dropped the last week as BEA executives bought their options and then sold.
Had VSF worked correctly, I should have seen $19.375 per share replaced for my BEAS stock. Instead it was stuck at 19.01 the first day, and then replaced with ORCL. This is odd because it was an all-cash deal.
I sent some feedback to get them to fix this, but so far nothing, or their "fix" was to give me the ORCL stock.
Overall my account should be at around 105K right now, as planned, and not 119. If this persists one more day I'll send feedback again till they fix it. I cannot sell ORCL at 19.375, which is what I would like to do, because it's trading well above that.
I'll keep you posted.
I thought you were....
...basically looking for risk-free arbitrages (or as close as you can get to risk free in equities), which is why I was so shocked to see the 16%+ in one day. You don't strike me as the "bet it all on the red 7" type.
My immediate thought was to e-mail David Faber and DealBook and berate them for letting that particular little gem get by their radar screens. :^)
Yeah, well...
I was. I figured a 3 to 5% monthly yield ain't exactly peanuts and capital preservation was a good strategy. The game lasts a year and some of the hotshots would likely go down in flames.
I missed the changing mood. Still, I do expect some short-term profit taking with the next options expiration week at the latest. But I've got to say I'm feeling a bit less bearish. My next round might be a bit more aggressive.
Broadly, I'm impressed. Not one person out of 20 is losing a dime right now. The market has been kind, but still it's a good performance. Consider that some people have dropped thousands in trade fees as well.
Sent another feedback message, but nothing. I'll fix it somehow.
Say, are you the guy....
....posting under the "Marcus Aurelius" handle over at Calculated Risk? He sounds somewhat more fanatically bearish than I'm sensing from your trades and risk management, but I could be wrong.
"Broadly, I'm impressed. Not one person out of 20 is losing a dime right now."
Ha! We should start up a hedge fund. Pretty decent coverage of the techs and financials. Now we just need somebody to watch manufacturing, commodities and biotech/pharma.
No, I'm not.
Marcus Aurelius was a Roman emperor.
I'm just M.
No idea who that guy is. I don't frequent the site.
I'd hold on the hedge fund for a bit. Still early.
I see my BSC short has worked yet again. I have no idea why they've been pricing it above the agreed purchase value (do the math with JPM). What do they expect?
Anyway, it will free up some buying power while I've got most of it stuck with Oracle. Still no response. Any luck and it will drop to the 19.40 range and I can get rid of it so we are all square. I can't promise I'll sell at exactly 19.38, but I'll try.
I don't mind the specialization we see here. You should trade in what you understand, at least roughly. Otherwise you are only gambling. Nothing wrong with that, if you like that, but I've never seen it work over time.
re: BSC
Yeah, at $2 I was betting Lewis and the other shareholders were going to balk, particularly given the shoddy overnight way the original deal was put together. At $10, and after the a bunch of the big guys have caved, I find it highly unlikely.
I was bearish as well
Actually, I was pretty bearish myself, but I got caught in the recent uptick. I've done quite poorly in the last few weeks.
You win some; you lose some.
__________________________I'm listening to...
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén
No worries
Thanks for explaining.
In real life you should take the money and run =)
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
not only that
but it looks like BEAS final for the day is 19.01 and not 20.85 as it shows in his portfolio... Weird. Might be a screw up in the system.
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
If you click on the BEAS link
it goes to Oracle, which did finish at 20.85.
I call shenanigans!
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
Ok, I'm slow...
Oracle acquired BEA Systems
and completed the takeover yesterday.
Can you people who actually trade explain what happens to the stock when a company ceases to exist?
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
I believe it depends upon the details of the takeover
but I might be wrong.
__________________________I came. I saw. I posted.
Veni, Vidi, Bitchy.
Ender
Nicely done on the Ford call, sir.
thank you
I did not expect these news myself...
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
Bah
I picked a bad time to short them.
Who would have figured you'd lose money betting against US auto companies? I still don't like their long-term outlook...
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
I've shorted them before...
But this time I saw that their earnings were coming up and thought... what if it's better than expected. Lucked out :)
__________________________"To discuss evil in a manner implying neutrality, is to sanction it." AR
Average net worth for today is $108,528.29.
Not bad for less than a month. Are you hot dogs wishing this was real money yet?
__________________________Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
The Skymutt Model Portfolio real money account...
...closely tracks the skymutt play money account, because I'm making similar trades in both accounts. So while I'm not beating a few of the hotshot daytraders on SwordsCrossed, I'm beating the market :-)
Heh
If it were real money, I probably would have cashed out on day one and stuck it in a high-yield CD or something. Wouldn't have anywhere near this outrageous return rate that I am currently enjoying, but I'd be saving a ton of money on the medical bills that would inevitably result from the constant stress of worrying what the market is going to do next!
__________________________We are the environment. There is no distinction. What we do to the earth we do to ourselves. —David Suzuki
Exactly
Right, if this was real money, I'd have paid off all my debts and put the rest into government bonds or something.
__________________________I'm listening to...
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén
Today's return: +11.16%
Hooray for Google!
In somewhat related news, *everyone* is positive overall at the moment. Half the players are over 8% up.
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
nice
wish i hadn't sold my google shares 2 days ago
Good day for the stock market
Not sure why, last I heard oil was going through the roof. Anyone paying attention know what's going on? What does "upbeat earnings news" really mean, and why would it drive the whole market up if a few companies outperformed expectations?
We have 6 people more than 10% up, led by tophat who has moved from last to first, and only a few in the red (where I maintain my hold on last place... but look out, AMN jumped like $8/share today!).
__________________________Come, my friends. 'Tis not too late to seek a newer world -- Tennyson
Current average net worth = $107,447.01
A question for all you zero sum gamers out there, whose little children are we raping here? I'm just curious.
__________________________Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
Tell us what you really think...
Raping? Take it easy...
Economics/stocks/etc. isn't zero-sum, but it's not infinite sum either.
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