Which is encumbered by patents, so no open source applications can include it. What we really need is for some company, like Google, to just buy all of these stupid patents and release them. Obviously we should get rid of the software patents altogether, but we need a short term solution that actually works.
Indeed. However, I don't see it happening, so Adobe ought to do well in the meantime.
I've made 13.32% this week. However, since I was at around -20% at the start of the week, I'm still 25th.
I think Adobe will do fine if no "HOLYCRAP HTML5 EVERYWHERE!!1" stuff goes down this year.
That's what I'm betting on. More precisely, I'm betting that the whole HTML 5 scare has caused Adobe to be undervalued, and the stock ought to rise significantly in the short/medium term.
Oh shit, I stopped paying attention to this game. Missed my chance to buy Bank of America today. I've still got a healthy lead. Maybe I'll just wait until the next quarter to build more buffer zone.
Who are still not updating other people on what shit is going down? I wanna know!
Apreche, EsonLinji, and Yoshokatana are currently well ahead of the pack. Scott, now with $117K, has advanced little since his ~15% gain on Netflix - this occurred after Netflix reported strong results for Q4 2009, with 1.1 million new subscribers, and predicted strong performance into 2010. Apreche has since sold the Netflix shares and is currently holding 850 class B Berkshire Hathaway shares (BKR.B), and 2300 shares in the SPDR Technology fund (XLK). EsonLinji is in second place at ~$115K with only a single share, held for just over a month - a class A Berkshire Hathaway Share (BRK.A). In third place, with ~$111K, Yoshokatana also has a share in BRK.A, which is the source of most of his profit, but he has gained less from it than EsonLinji because he bought his share at a higher price. It seems that the main cause for the surge in Berkshire Hathaway was its introduction to the S&P; 500.
The places from 6th to 21st are quite close, within $4000 of one another; people who haven't made any trades yet occupy 7th, 8th, and 9th - the majority of people have a negative total return, with the median being a loss of $800 or so.
In last place is thaneofcawdor, who has lost almost 10% of his original investment. Most of this loss, around $6000, is due to STEC, a company specialising in solid state drive technology. It seems that STEC has not been selling many drives recently due to customers already having sufficient inventory. Anthony Virtuoso is not far ahead on ~$91K, despite having gained 5.55% this week.
Timo continues to doggedly hold onto his single investment in Apple (AAPL); he currently has a total return of -6.8%, despite having gained 7.42% this week. On the other hand, TheKnoxinator has made no less than 36 stock purchases - he has paid $358.20 in broker commissions, which accounts for almost half of his total losses; one of his transactions involved buying only $2.40 worth of shares, which is less than a quarter of the commission paid for that same transaction. ElJoe0 has been similarly prolific.
The past week has been quite good for the stock market overall - not one person has lost money over the past week. Apart from the players with accounts that remain untouched, Sonic has had the worst results this week, with a measly 0.01% gain - this is because Sonic has invested less than $1,000 of his starting $100,000. Meanwhile, FutureRobberBaron, ColdfireSerge, Jason, lackofcheese, Timo and Anthony Virtuoso have all gained more than 5% this week.
In particular, lackofcheese has gained a whopping 11.23% this week, 7% of this from a recovery in Intel's stock (INTC), which he sold on Friday 12 February, and 4% from a new ~$184K investment in Adobe (ADBE), ~$88K of that being margin. Lackofcheese was previously in dire straits, with total equity of only $77,856.05 on Feb 4 - the lowest amount recorded so far in this competition - after his ~$200,000 investment in Intel had fallen by more than 10%. It seems that the main cause was worry that Intel's margins and earnings had peaked, despite, or partly because of, Intel's results for Q4 2009 exceeding expectations.
On the other hand, TheKnoxinator has made no less than 36 stock purchases - he has paid $358.20 in broker commissions, which accounts for almost half of his total losses; one of his transactions involved buying only $2.40 worth of shares, which is less than a quarter of the commission paid for that same transaction.
Admittedly, not the smartest decisions I've ever made. I went for the spread out approach just to see what would actually happen.
In last place is thaneofcawdor, who has lost almost 10% of his original investment. Most of this loss, around $6000, is due to STEC, a company specialising in solid state drive technology. It seems that STEC has not been selling many drives recently due to customers already having sufficient inventory. Anthony Virtuoso is not far ahead on ~$91K, despite having gained 5.55% this week.
That company was way undervalued even when I originally bought into them. They are a prime candidate for a takeover, but it's a matter of sitting on a huge loss until they are sold off.
In last place is thaneofcawdor, who has lost almost 10% of his original investment. Most of this loss, around $6000, is due to STEC, a company specialising in solid state drive technology. It seems that STEC has not been selling many drives recently due to customers already having sufficient inventory. Anthony Virtuoso is not far ahead on ~$91K, despite having gained 5.55% this week.
That company was way undervalued even when I originally bought into them. They are a prime candidate for a takeover, but it's a matter of sitting on a huge loss until they are sold off.
Hmm, that company has had some pretty crazy variance. Its 52-week range is 4.54-42.50; if you'd bought those in January 2009 and sold in September 2009 you would have almost ten times what you started with!
According to the complaint the plaintiff alleges that STEC and certain of the Company’s executive officers violated federal securities laws by knowing or recklessly disregarding between June 16, 2009 and November 3, 2009 materially false and misleading statements regarding STEC’s customers, its competitive position and its prospects. The complaint alleges that during the Class Period, defendants issued STEC once had the solid-state drive market to itself. However, StEC specifically failed to disclose looming threats of competition from other high technology companies, such that STEC would not be the only company to gain design wins. Defendants assured investors that STEC had no competition at that stage. The plaintiff alleges that STEC falsely stated during June 16, 2009 and November 3, 2009 that its purported success was the result of the successful adaptation and use of STEC's ZeusIOPS products by EMC, IBM, or Sun Microsystems, when, in fact, IBM and Sun Microsystems were having significant difficulties integrating STEC's products. As a result of defendants’ false and misleading statements, STEC stock traded at artificially inflated prices during the Class Period, reaching a high of $41.84 per share on September 10, 2009. This inflated stock price permitted the top STEC officers to sell 9 million shares of their STEC stock in a secondary stock offering in August 2009. On September 17, 2009, WedBush Morgan published an analyst report on STEC stating that one of STEC’s customers was in final qualification stages with one of STEC’s competitors and that the Company’s competitors would be gaining design wins much earlier than previously expected. As a result of this report, STEC’s stock fell $6.37 per share to close at $31.53 per share on September 17, 2009 – a one-day decline of over 16%, on volume of more than 21.2 million shares. In addition the plaintiff alleges that between June 16, 2009 and November 3, 2009 STEC failed to disclose that STEC over sold its largest customer, ECM, more inventory than it required and thus overstated the demand for its ZeusIOPS SSD products such that its subsequent revenue and financial results for the following year would be materially negatively impacted. On November 3, 2009, after the market closed, STEC reported its third quarter 2009 financial results and its fourth quarter 2009 outlook and announced that one of its largest customers – which accounts for 90 percent of STEC's ZeusIOPS SSD business, and had placed a $120 million order for the second half of 2009 – would carry 2009 inventory into 2010, placing STEC's 2010 first quarter results at risk. As a result of this news, so the lawsuit, shares of STEC declined $9.01 per share, or more than 38%, to close on November 4, 2009, at $14.14 per share, on unusually heavy trading volume.
Hmm, that company has had some pretty crazy variance. Its 52-week range is 4.54-42.50; if you'd bought those in January 2009 and sold in September 2009 you would have almost ten times what you started with! Sure, if it rises like that again you'll make a massive profit, but it's hard to say if it really is undervalued.
That's not how I looked at it. It's ratios are all really strong, and it's still a good long-term prospect. The only real regret in my portfolio is Interoil - don't know what I was thinking there, it's a piece of shit.
You might have more luck if you set the term to "Good till cancelled". It's possible that day orders won't work for you - perhaps they all time out because of timezone-related issues.
While I hope you appreciate my status report, it would be easier if you simply hadn't quit. You should rejoin.
Thanks for the report. Also, I didn't ask just for me. Only 2 dozen people have signed up, others might also want to see the results. Just a screenshot of the current listing is enough imho. Keep going guys! Those hot shots at top will fall, and those who sit on their investment will surely win!
I've had many of the same problems also I got screwed out of some sweet deals because the buy stock limit is set at 2 dollars... I could have doubled my money!!! :-(
Comments
Another article, this one with some good quotes:
"Apple would like to move rich content off the Web and into their App Store, where they can more readily monetise it" - David Wadhwani
Gah, I hadn't had the chance to buy stock yet.
Apreche, EsonLinji, and Yoshokatana are currently well ahead of the pack. Scott, now with $117K, has advanced little since his ~15% gain on Netflix - this occurred after Netflix reported strong results for Q4 2009, with 1.1 million new subscribers, and predicted strong performance into 2010. Apreche has since sold the Netflix shares and is currently holding 850 class B Berkshire Hathaway shares (BKR.B), and 2300 shares in the SPDR Technology fund (XLK). EsonLinji is in second place at ~$115K with only a single share, held for just over a month - a class A Berkshire Hathaway Share (BRK.A). In third place, with ~$111K, Yoshokatana also has a share in BRK.A, which is the source of most of his profit, but he has gained less from it than EsonLinji because he bought his share at a higher price. It seems that the main cause for the surge in Berkshire Hathaway was its introduction to the S&P; 500.
The places from 6th to 21st are quite close, within $4000 of one another; people who haven't made any trades yet occupy 7th, 8th, and 9th - the majority of people have a negative total return, with the median being a loss of $800 or so.
In last place is thaneofcawdor, who has lost almost 10% of his original investment. Most of this loss, around $6000, is due to STEC, a company specialising in solid state drive technology. It seems that STEC has not been selling many drives recently due to customers already having sufficient inventory. Anthony Virtuoso is not far ahead on ~$91K, despite having gained 5.55% this week.
Timo continues to doggedly hold onto his single investment in Apple (AAPL); he currently has a total return of -6.8%, despite having gained 7.42% this week. On the other hand, TheKnoxinator has made no less than 36 stock purchases - he has paid $358.20 in broker commissions, which accounts for almost half of his total losses; one of his transactions involved buying only $2.40 worth of shares, which is less than a quarter of the commission paid for that same transaction. ElJoe0 has been similarly prolific.
The past week has been quite good for the stock market overall - not one person has lost money over the past week. Apart from the players with accounts that remain untouched, Sonic has had the worst results this week, with a measly 0.01% gain - this is because Sonic has invested less than $1,000 of his starting $100,000. Meanwhile, FutureRobberBaron, ColdfireSerge, Jason, lackofcheese, Timo and Anthony Virtuoso have all gained more than 5% this week.
In particular, lackofcheese has gained a whopping 11.23% this week, 7% of this from a recovery in Intel's stock (INTC), which he sold on Friday 12 February, and 4% from a new ~$184K investment in Adobe (ADBE), ~$88K of that being margin. Lackofcheese was previously in dire straits, with total equity of only $77,856.05 on Feb 4 - the lowest amount recorded so far in this competition - after his ~$200,000 investment in Intel had fallen by more than 10%. It seems that the main cause was worry that Intel's margins and earnings had peaked, despite, or partly because of, Intel's results for Q4 2009 exceeding expectations.