And now it is time for the ElJoe0 Report, where we look at the stock market in "awesome" terms Over today we saw Tenhauser keep his leader by a large margin over the rest of the pack with his large investment in Google (GOOG), but buying into other industry's to give him a 0.7%-0.8% lead over Schezar, Lackofcheese and Eljoe0, who spent all of the later part of the market session vying for for 2nd pace. Schezar keept a slim tech profile of Sony (SNE) Microsoft (MSFT) and the money maker Google (GOOG). Lackofcheese heavily investing in Intel (INTC) and nothing else earning him $687. Eljoe0 kept a wide profile, with a large jumps in Real Networks (RNWK), Intel (INTC). Jason lost on 012 Smile Communications Ltd (SMLC) and Apreche losing on Netflix (NFLX). The rest of the crew hung around breaking even. At this stage everything is to play for and the wise investor should focus on long term profit and disregard the silly rambling of unqualified 16 year olds who learned all they know about the market from the single Economics lesson they took.
Stocks to watch Intel (INTC) Google (GOOG) Realnetworks (RNWK)
This was intentional. Netflix was in the shitter today, so I bought low. In two weeks they have they will report 4Q earnings. I bet they made huge bank because of so many netflix enabled devices sold over the holidays.
Also, if you're thinking long-term, 3D movies in the home were all the rage at CES. Someone's going to rent out those movies, and I don't think Blockbuster will be around. Also, because they're doing such a good job of getting streaming netflix on every box, the competition like Amazon and iTunes are going to be shut out as people realize they can watch on TVs instead of their monitors.
Blockbuster has been going downhill for a while now; I think they may end up bankrupt inside of the next decade unless they do something drastic, and even then it might be too little too late.
So when my Intel order goes through, will that be at today's closing price, or whatever price it is tomorrow?
I need to do a show explaining how stocks work... ^_~
Hey, for the record, I used to have a very good grasp of how all this worked. But as I have not been playing the stock market and haven't been interested (read: had a project about it) in years, I have forgotten pretty much all the mechanics of trading.
I'll have to get reading, I suppose. It'd be cool to start a portfolio.
I'll propably never get used to the whole "Middle click a bunch of stuff, realise I have 5 tabs that say Javascript-somethingorother, grunt in annoyance" but it's just getting less annoying than "Urgh, stupid site. Keep going."
One problem is that you can just quit and start again if you end up with less than you started with.
Is there a way to kick people out of the game? If people can join at any time, what prevents me from having multiple accounts? If I can have multiple accounts, the game is pointless.
I'll just start a new account every day, and make ludicrously high risk bets. For example, I could spend all the money on some ludicrously cheap stock. If it goes up even a little bit, the money will multiply tremendously. If it goes down, I'll just tray again with another cheap stock tomorrow, or do the same one again. Repeat until I get a huge payday.
Once I have that huge payday, and am in first place, I can put all that money in much more conservative places. I'll have slow and steady gains that keep me in the lead.
We need to kick/ban anyone who comes in with an extra account.
Comments
As for Intel, it seems their fourth-quarter report is released today. Now that the market is closed, all I can do is wait and see.
As for your order, that depends. Read this.
Over today we saw Tenhauser keep his leader by a large margin over the rest of the pack with his large investment in Google (GOOG), but buying into other industry's to give him a 0.7%-0.8% lead over Schezar, Lackofcheese and Eljoe0, who spent all of the later part of the market session vying for for 2nd pace. Schezar keept a slim tech profile of Sony (SNE) Microsoft (MSFT) and the money maker Google (GOOG). Lackofcheese heavily investing in Intel (INTC) and nothing else earning him $687. Eljoe0 kept a wide profile, with a large jumps in Real Networks (RNWK), Intel (INTC). Jason lost on 012 Smile Communications Ltd (SMLC) and Apreche losing on Netflix (NFLX). The rest of the crew hung around breaking even. At this stage everything is to play for and the wise investor should focus on long term profit and disregard the silly rambling of unqualified 16 year olds who learned all they know about the market from the single Economics lesson they took.
Stocks to watch
Intel (INTC)
Google (GOOG)
Realnetworks (RNWK)
Also, if you're thinking long-term, 3D movies in the home were all the rage at CES. Someone's going to rent out those movies, and I don't think Blockbuster will be around. Also, because they're doing such a good job of getting streaming netflix on every box, the competition like Amazon and iTunes are going to be shut out as people realize they can watch on TVs instead of their monitors.
I'll have to get reading, I suppose. It'd be cool to start a portfolio.
This firefox addon can solve that.
I'll just start a new account every day, and make ludicrously high risk bets. For example, I could spend all the money on some ludicrously cheap stock. If it goes up even a little bit, the money will multiply tremendously. If it goes down, I'll just tray again with another cheap stock tomorrow, or do the same one again. Repeat until I get a huge payday.
Once I have that huge payday, and am in first place, I can put all that money in much more conservative places. I'll have slow and steady gains that keep me in the lead.
We need to kick/ban anyone who comes in with an extra account.