The new stock exchange game for fftoday

[kilroy69 1,271]

Still stuck in 5th place.

Ride Verizon...Gonna be good.

there have been some pretty good investments so far. HDADDY has a lot of positive gains on a lot of diff stocks. sux.you suck. But no really the VZ pick is probably a good one. That stock seems to be gaining steam. Still not gonna be enough.muuhahah

 

Can i get a 40from the connnnnnnnnnngregation

[BLS 315]

How long you gonna ride slv? I covered and then sold short.

 

The easiest way to invest in cotton, wheat, and copper would be to do what you are doing now. Using an ETF that mirrors the market price of that commodity.

 

Bal for cotton

 

Lwea for wheat

 

JJC for copper

 

I'll ride it probably in some capacity throughout. Just read today the US Treasury announced it was removing the 200b cap on money for Fan/Fred, saying there's no limit to the bailout.

Municipalities and even entire states will require bailouts next year (count on it). Housing projected to drop 10-20% in 2011.

That money ain't coming from the economy. They'll print it in QE3, and then QE4 and maybe even QE5 in 2011. Silver will go to $45/oz or so.

 

Thanks for the tip on commodities. I appreciate it.

 

 

ETA: Just to throw this out there, I just dumped $1600 for 50 - 1oz silver bullion.

[kilroy69 1,271]

I'll ride it probably in some capacity throughout. Just read today the US Treasury announced it was removing the 200b cap on money for Fan/Fred, saying there's no limit to the bailout.

Municipalities and even entire states will require bailouts next year (count on it). Housing projected to drop 10-20% in 2011.

That money ain't coming from the economy. They'll print it in QE3, and then QE4 and maybe even QE5 in 2011. Silver will go to $45/oz or so.

 

Thanks for the tip on commodities. I appreciate it.

 

 

ETA: Just to throw this out there, I just dumped $1600 for 50 - 1oz silver bullion.

 

 

I think silver is in a bubble. I think that the closer it gets to 50 the more chance of it collapsing. Right now the only reason I am shorting it is because I really expect some profit taking of maybe .25-50 cents in the next few days. I bought into the retreat last time it got this high and this time I hope to make some money if it happens again im going to rebuy after the cover.

 

Np on the Etfs

[BLS 315]

I think silver is in a bubble. I think that the closer it gets to 50 the more chance of it collapsing. Right now the only reason I am shorting it is because I really expect some profit taking of maybe .25-50 cents in the next few days. I bought into the retreat last time it got this high and this time I hope to make some money if it happens again im going to rebuy after the cover.

 

Np on the Etfs

 

 

If any precious metal is in a bubble, it's gold. Silver has historically maintained a roughly 1:16 ratio to Gold.

Currently, it's 1:43.

 

Silver is a win-win. If the precious metals market IS in a bubble, silver takes little to no hit. However, Gold does.

If we are NOT in a bubble, then silver is WAY undervalued and could reach $81 per oz to the current price of gold (to reach the 16:1 ratio).

 

If inflation continues to rise, (even though the .gov CPI indicates otherwise), silver is a huge opportunity to buy low.

I only wish I had bought more at 15.01/oz.

 

We are headed for some troublesome times my friend. I know I'm a 'doomer'.....it's well documented here.

I wasn't always this way and I probably know 1/100 of what you know about the markets, but I know enough to see that we are NOT going in the right direction fiscally.

Inflation, or even stagflation, for a very prolonged period is almost a guarantee, and THAT is something you can make money on.

 

Just my .02

[kilroy69 1,271]

If any precious metal is in a bubble, it's gold. Silver has historically maintained a roughly 1:16 ratio to Gold.

Currently, it's 1:43.

 

Silver is a win-win. If the precious metals market IS in a bubble, silver takes little to no hit. However, Gold does.

If we are NOT in a bubble, then silver is WAY undervalued and could reach $81 per oz to the current price of gold (to reach the 16:1 ratio).

 

If inflation continues to rise, (even though the .gov CPI indicates otherwise), silver is a huge opportunity to buy low.

I only wish I had bought more at 15.01/oz.

 

We are headed for some troublesome times my friend. I know I'm a 'doomer'.....it's well documented here.

I wasn't always this way and I probably know 1/100 of what you know about the markets, but I know enough to see that we are NOT going in the right direction fiscally.

Inflation, or even stagflation, for a very prolonged period is almost a guarantee, and THAT is something you can make money on.

 

Just my .02

If its not in a bubble its due for a pullback. Long term I hear 50 by the end of the year. That would be the all time high for it. Im not saying it couldn't but a run up to 81 at that level im leveraging the house on that price collapsing.

 

Also here is another copper play.

 

COPX - Copper Miners ETF Profile

 

 

I found this interesting

 

SAN FRANCISCO (MarketWatch) — A single trader holds up to 90% of the copper in London Metal Exchange warehouses, the Wall Street Journal reported late Tuesday.

 

The news came after copper prices hit a record and other commodities surged. Read about metal gains here.

 

The London Metal Exchange reported Tuesday that the trader holds 80% to 90% of the copper in its stockpiles, which is equal to about half of all the exchange-registered supply of the metal in the world, the Journal said. The position is worth about $3 billion, it added.

 

Last month, the LME reported that a single holder owned more than 50% of the exchange’s copper. People familiar with the matter at the time said J.P. Morgan Chase (NYSE:JPM) was the holder, the WSJ reported.

 

Single traders also own large holdings of other metals. One trader holds as much as 90% of the exchange’s aluminum stocks. In the nickel, zinc and aluminum alloy markets, single traders own between 50% to 80% of those metals and one firm has 40% to 50% of the LME’s tin stockpiles, according to the Journal.

 

Such positions are often owned by big firms on behalf of several clients, the newspaper noted.

 

The LME has strict rules to prevent market squeezes but does not limit how much metal a single trader may hold. Instead, the exchange demands the dominant holder make metal available for short-term periods at very limited profit margins, the Journal added.

[BLS 315]

If its not in a bubble its due for a pullback. Long term I hear 50 by the end of the year. That would be the all time high for it. Im not saying it couldn't but a run up to 81 at that level im leveraging the house on that price collapsing.

 

Also here is another copper play.

 

COPX - Copper Miners ETF Profile

 

 

I found this interesting

 

SAN FRANCISCO (MarketWatch) — A single trader holds up to 90% of the copper in London Metal Exchange warehouses, the Wall Street Journal reported late Tuesday.

 

The news came after copper prices hit a record and other commodities surged. Read about metal gains here.

 

The London Metal Exchange reported Tuesday that the trader holds 80% to 90% of the copper in its stockpiles, which is equal to about half of all the exchange-registered supply of the metal in the world, the Journal said. The position is worth about $3 billion, it added.

 

Last month, the LME reported that a single holder owned more than 50% of the exchange's copper. People familiar with the matter at the time said J.P. Morgan Chase (NYSE:JPM) was the holder, the WSJ reported.

 

Single traders also own large holdings of other metals. One trader holds as much as 90% of the exchange's aluminum stocks. In the nickel, zinc and aluminum alloy markets, single traders own between 50% to 80% of those metals and one firm has 40% to 50% of the LME's tin stockpiles, according to the Journal.

 

Such positions are often owned by big firms on behalf of several clients, the newspaper noted.

 

The LME has strict rules to prevent market squeezes but does not limit how much metal a single trader may hold. Instead, the exchange demands the dominant holder make metal available for short-term periods at very limited profit margins, the Journal added.

 

 

I'll raise you one.

Seems like JPMorgan Chase is invested heavily in metals.

 

The US regulator, the Commodity Futures Trading Commission, announced in September 2008 that it was investigating complaints of misconduct in the silver market, although it did not name specific entities.

 

However, JPMorgan said in a statement: “It is absolutely incorrect to say or imply that the Nymex, CFTC or any other exchange or regulator has instructed or asked us to reduce our position.” The bank declined to comment on whether it had reduced its position in the silver market.

 

The price of silver has risen more than 70 per cent since mid-August to hit a 30-year high of $30.68 a troy ounce last week on the back of a surge in investor buying and a rebound in industrial silver consumption.

 

In two previous reviews of the silver market, the CFTC has dismissed claims of manipulation. Most analysts say there is little reason to believe the price of silver is being systematically manipulated.

 

But Bart Chilton, a CFTC commissioner, said in October that he believed there had been “fraudulent efforts” to “deviously control” the silver price. He did not name any party.

 

Publicly available data on individual traders’ positions are sketchy. In a speech last Wednesday, Mr Chilton said that “earlier this year, one trader held more than 40 per cent of the silver market”. He declined to identify the trader.

 

The CFTC’s Bank Participation Report shows that one or more US banks held a gross short silver futures position equal to 19.1 per cent of the total number of outstanding contracts in early December. In January the share was 30.2 per cent.

 

The CFTC only reports data for the US silver futures market, a small corner of the global derivatives market for the precious metal, which is centred in London and largely traded via private over-the-counter deals. The data also do not cover transactions in the physical market.

 

Analysts and traders said that JPMorgan’s large short positions on New York’s Comex exchange, a division of Nymex, were hedges for the bank’s long positions in physical silver and London’s over-the-counter market.

[BLS 315]

SILVER BICHES!!!

 

 

Ha Ha HA!!!!!!

:banana: :banana:

[kilroy69 1,271]

SILVER BICHES!!!

 

 

Ha Ha HA!!!!!!

:banana: :banana:

I still think its due for a pullback. Especially after a run of like 1.70 in the last 3 days.

[BLS 315]

I still think its due for a pullback. Especially after a run of like 1.70 in the last 3 days.

 

 

We'll see. This is kind of fun.

[kilroy69 1,271]

We'll see. This is kind of fun.

11 cents is not exactly what I was thinking as a pullback. lol

 

Yea its fun to play. Last year we only had 100k which kinda limited us to what we could do. Plus it gets you interested in the market even if it is for play.

[hellothere 1]

in

[kilroy69 1,271]

im covering my short position on slv asap tomorrow morning and hope that i get out before I get pounded. its up another .16 in after hours trading and could push much higher again tomorrow.

[BLS 315]

im covering my short position on slv asap tomorrow morning and hope that i get out before I get pounded. its up another .16 in after hours trading and could push much higher again tomorrow.

 

 

Kilroy....explain this in lamen's terms.

 

I have a basic understanding of market terminology, but what does 'covering my short' mean?

 

PS - I asked the old man (who drew my name for Xmas) for two books. one: the ABC's of reloading ammunition, and two: Dummies guide to day trading.

I know that real-life day trading requires years of understanding, preparation, conviction and control. I am however interested in learning more.

 

BTW: I've noticed a trend in SLV over the last three weeks and it's like clock work.

SLV moves a bit up or down until around 8:30am CST - 9am CST and then it falls off to it's lowest point of the day.

After that it always rebounds, often significantly. Obviously there's money to made here, but wouldn't that be considered 'timing the market' and isn't that a giant "no -no"?

Just curious what your thoughts on are my observation.

[kilroy69 1,271]

Ok to make it easy I will use just what this game allows. Which is to go long or short on stocks. Its pretty basic. You are long on slv for 25,000 shares. That means whenever slv moves up any you gain a profit anytime it goes down you lose money. I am short on 70k shares of slv which means anytime slv loses money I make money and anytime it raises i lose.Shorting a stock is betting that its share price is going to fall. So right now I am hoping to "cover" the 70 in short positions that I have before the market has a chance to push it up too much higher and cause me losses based on the fact that its up .16 in after hours trading.

 

The problem with doing that is that sometimes it takes 15 min to trade on the vse and jumping in and out would reallly have to do with timing because of the delay.

[kilroy69 1,271]

I was able to cover early and limit my loss. I short sold again at 40 cents up and I am STILL looking for a correction or at least profit taking to kick in.

 

Bls you are wasting your investment in apple. Even if they go up you wont make much and your tying up 300k of your money. I mean look it dropped 1.72 today and you lost 600 bucks.

 

Camjay where did you come up with AAU? Thats a nice one.

[CAMJAY77 1]

I was able to cover early and limit my loss. I short sold again at 40 cents up and I am STILL looking for a correction or at least profit taking to kick in.

 

Bls you are wasting your investment in apple. Even if they go up you wont make much and your tying up 300k of your money. I mean look it dropped 1.72 today and you lost 600 bucks.

 

Camjay where did you come up with AAU? Thats a nice one.

 

It really went up good today. I have more low priced ones to buy if i want to drop sell some AAU. Bought some for real recently that have gone up some, but as much as AAU.

[kilroy69 1,271]

It really went up good today. I have more low priced ones to buy if i want to drop sell some AAU. Bought some for real recently that have gone up some, but as much as AAU.

I made about 5 k off aau today on the pullback from its highs. I dumped a lot into a similar stock BRD. While its cost me a little right now its another one that penny moves make a ton of difference.

[JTB 52]

Why oh why did I place a limit order and not a market order?

 

 

66705650

12/20/10 2:12 PM

Until Cancelled

Buy

 

GM

 

50000.00

Limit at $32.50

Pending cancel

[kilroy69 1,271]

this has been a ###### rotten week. I got away from my short selling and tried to make some money on the spike in gold.....and of course the min i cash out and go long they hit the ###### pullback i was speaking of.

 

Im just gonna have to ride it out and see if i can recoup some of my losses.

[SUXBNME 1,622]

there have been some pretty good investments so far. HDADDY has a lot of positive gains on a lot of diff stocks. sux.you suck. But no really the VZ pick is probably a good one. That stock seems to be gaining steam. Still not gonna be enough.muuhahah

 

Can i get a 40from the connnnnnnnnnngregation

Who's #1?

 

hint - not you

[SUXBNME 1,622]

I'm obviously not just a pretty face

[kilroy69 1,271]

I'm obviously not a pretty face

well thats for certain. LOL gl with that though its a lonnnng game.

[SUXBNME 1,622]

well thats for certain. LOL gl with that though its a lonnnng game.

I know it is, and I know that most of the people playing this are a lot more savvy then myself, but let me have my 15 minutes of fame, dammit

 

SUX #1 SUX #1 SUX #1 SUX #1 SUX #1 SUX #1 SUX #1

 

Also, Motorolla is gonna be good..After the split today and the fact that they broke up their company into two seperate divisions is gonna streamline them.

Seriously, ride everything that has to do with the Droid right now.

 

thanx for the tip, Nadtwist

[sorrycharlie 0]

I knew I should have gotten some nVidia stock.

It was one of the very 1st companies I looked at(never done individual stock stuff), because I'm into techy stuff(as you can see, the only other thing I have is Exxon Mobile- gas prices are going UP)...

I'm not a fan of nV and their past practices, so I didn't..and I missed out on a good run because I was a fockin idiot..

Good pickup Sux

[SUXBNME 1,622]

I knew I should have gotten some nVidia stock.

It was one of the very 1st companies I looked at(never done individual stock stuff), because I'm into techy stuff(as you can see, the only other thing I have is Exxon Mobile- gas prices are going UP)...

I'm not a fan of nV and their past practices, so I didn't..and I missed out on a good run because I was a fockin idiot..

Good pickup Sux

Thanx. That little gem alone has made me over 55k since this game started.

I look for Motorolla do do close to the same. MSI

[SUXBNME 1,622]

Updated standings:

 

1

Suxbnu

$1,075,358.40

+0.03%

+7.54%

8

 

2

sorrycharlie

$1,055,650.25

-1.57%

+5.57%

5

 

3

hellothere

$1,038,455.40

+0.32%

+3.85%

10

 

4

hdaddy

$1,031,266.29

+0.04%

+3.13%

17

 

5

Jimmy Jack

$1,021,577.70

+0.12%

+2.16%

4

 

6

NorthernVike

$1,021,559.72

-0.20%

+2.16%

3

 

7

kutulu

$1,015,390.05

+0.26%

+1.54%

1

 

8

flap

$1,013,190.05

+0.26%

+1.32%

1

 

9

crackattack

$1,011,518.70

-1.01%

+1.15%

22

 

10

T Bone

$1,010,270.60

+0.30%

+1.03%

1

 

11

stefanbach

$1,007,768.73

-1.40%

+0.78%

15

 

12

Geo-Jay

$1,000,000.00

+0.00%

+0.00%

0

 

13

Juggernauts

$998,420.25

+0.33%

-0.16%

15

 

14

JTB

$988,190.05

+0.14%

-1.18%

1

 

15

Ash

$978,528.05

-0.19%

-2.15%

1

 

16

CAMJAY77

$973,282.95

-2.17%

-2.67%

3

 

17

Jon-e-o

$971,657.00

-1.09%

-2.83%

1

 

18

BLS

$965,399.30

-1.37%

-3.46%

8

 

19

Jeff Garthia

$961,470.15

-0.72%

-3.85%

3

 

20

kilroy69

$705,397.45

+0.81%

-29.46%

15

[kilroy69 1,271]

yea yea there is nothing i can do about it till brd rallies with the price of gold to cover some of my losses. like I said I got away from doing what i do best which is short stocks.

[SUXBNME 1,622]

there have been some pretty good investments so far. HDADDY has a lot of positive gains on a lot of diff stocks. sux.you suck. But no really the VZ pick is probably a good one. That stock seems to be gaining steam. Still not gonna be enough.muuhahah

[kilroy69 1,271]

Hhaha. Well see. Its nice to be king for a while aint it sux?

[SUXBNME 1,622]

Hhaha. Well see. Its nice to be king for a while aint it sux?

I predict that I'll be king in this contest for quite some time

[kilroy69 1,271]

I predict that I'll be king in this contest for quite some time

Dont get too cocky you only have a + of 7% right now and sorrychuck is on your ass. Add to the fact that with so much cash someone that hooks into a good stock could easily kick your ass. Enjoy being the king for a while.

[sorrycharlie 0]

I'm actually seriously considering VZW stocks because they are getting the iPhone.

 

You wouldn't believe how many people are on the ATT network because of that phone exclusive.

[SUXBNME 1,622]

I'm actually seriously considering VZW stocks because they are getting the iPhone.

 

You wouldn't believe how many people are on the ATT network because of that phone exclusive.

That news was released quite a few months ago. My mom dumped all of her BP stock right after the spill and put it into Verizon at 24.00 a share.

[sorrycharlie 0]

That news was released quite a few months ago. My mom dumped all of her BP stock right after the spill and put it into Verizon at 24.00 a share.

 

Yeah, even though it's been out there, I bet there are alot of regular folks that have no idea yet...it'll be different soon when folks see their VZW friends using an iPhone all of the sudden...I can see/hear it now....doubletake... " I thought you had Verizon"....

[CAMJAY77 1]

A good day finally

[SUXBNME 1,622]

A good day finally

I saw that. Congrats

 

I'm telling you people, Nvidia, Verizon, and soon to be Molorolla (MSI) will be pretty good.

[SUXBNME 1,622]

bump

[NorthernVike 2,100]

2nd place. I've got my sites set on you.

 

 

 

Where's that target symbol when you need one.

[SUXBNME 1,622]

2nd place. I've got my sites set on you.

 

 

 

Where's that target symbol when you need one.

Your whole portfolio rides on copper...hmmm

[NorthernVike 2,100]

Your whole portfolio rides on copper...hmmm

Citi you numbnuts