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redwingxix
Registered: Jan 2007
Posts: 502
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I saw you at the top of the pile and had to stop in to say nice job yesterday, Randizzle.
I got in on the second day this site started with the free $10 and then I added thirty of my own. My sportfolio is at $2600 today. I'm not claiming any great trading acumen, I'm just barely outperfroming market growth. It is really fun and is a nice diversion from that takes up a lot less time than handicapping.
I would definitely get in now if anyone hasn't already. Watching the market size over the last three days the market size was at $3,682,438 thursday, friday morning it started at $5,469,196.07 and right now it sits at $11,119,478.08. So there is plenty of new money coming in driving the prices up and splittting shares. I did pretty well on buying 14 shares of OWENs yesterday that split 4-1. But I'm pretty sure that they award the IPOs to people that trade a lot. I still can't believe the YAO IPO did what it did.
They've also slowed the ipo releases from three a day to one every three days or so, so people are trading a lot more rather than just waiting for the IPOs to come out. Anyway, get in while it's still early and enjoy if anyone was wondering.
IMHO, I like JCUT, KGAR AND DHOW to be the best performers when it opens up again.
Congrats again, Randizzle
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10-25-08 01:59 PM |
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Bytore
FoxDen Hall of Famer
Registered: Jan 2003
Posts: 16037
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Ok, who is going to try take money out first???
If memory serves correct, you have max a six month time frame to cash out at these horrendous rates of earning power.
Watch. The first step are usually delays in payment, due to some unforeseen event.
Like too many people withdrawing all at once! lol!
You need to run a rough compound interest calculation to see the games limits. Once you know the limits, think of poker. For in the end, that is what these games are.
Fancy games of poker. Hold too long, and you will go bust.
Not surprisingly, most search engines will tell you it is a pyramid scheme. That is because it is. A legalized method to play them has never been invented, and I doubt this one can survive.
As a side note, be careful. The SEC is certainly watching. They shut down the only legalized one ever invented. And they seized all the funds put into the game.
People were paid pennies on the dollar. In the end, the game won the last court battle, but the legal war so destroyed the concept, it was never able to rebound. And it was licenced offshore as a game to boot.
It's Sunday, so ask Jesus about compound interest...
http://www.funk.co.nz/java/jesus-investment.html
If your curious, this was the game.
You will never find a good un-biased article, so this will have to do!
http://www.wired.com/wired/archive/8.09/stock.html
P.S. Not against anyone playing this. Just trying to help you cash out and not go bust! lol!
"Today's Tom Sawyer, he gets high on you
And the space he invades, he gets by on you..."
RUSH
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10-26-08 05:21 PM |
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