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Dr.Fill
Registered: Nov 2006
Posts: 65
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Just Signed UP
So I put $100 bucks in. Looks very interesting. Maybe I'm an idiot (most likely) but I can't seem to figure out what to do. I understand the buying and selling of stocks, but what is the price for players based upon? Stats? Whether they play well for the day? How does Romo's stock go up when he just got injured? Any guidance would be appreciated.
Dr.
Handicapping...may cause uncontrolable rage, sweating, hot flashes and/or profuse language. Use as directed
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10-24-08 07:53 AM |
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Dr.Fill
Registered: Nov 2006
Posts: 65
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dld3151
Thanks, the info helps alot. Your reasoning seems to make sense. I guess we will live and learn. Just tryin to make a dolla outta fiteen cents!
Handicapping...may cause uncontrolable rage, sweating, hot flashes and/or profuse language. Use as directed
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10-24-08 09:47 AM |
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prof8t
Registered: Apr 2005
Posts: 70
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Ok... So how long will it be before people figure out that there's nothing backing these sports stocks in the form of performance? I mean, when you buy into a company, you expect a return based upon their performance in the form of revenue. This doesn't exist here. People are not buying stocks based upon player performance, but rather whether or not they are hot movers and IPOs. Player performance has no bearing on the value of these stocks. So really Terell Owens is just as valued as Kurt Warner. Or Kobe is just as valued as Derek Fisher.
When the hype cools down, then what happens to this thing. What's in place to keep interest and market fluctuation?
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10-24-08 02:46 PM |
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Bytore
FoxDen Hall of Famer
Registered: Jan 2003
Posts: 16037
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Prof8t, correct.
It is, well, bubble country...
A land of bubble gum dreams, wild speculation, super highs and super lows. I have travelled this road in the past...
Amazing if the SEC does not shut it down. lol!
It needs a song, one for the inevitable crash...
http://www.youtube.com/watch?v=yA1b6W_Pa_I
DOW about to crash for real today! So they say, the prophets of future markets.
How you play these games is simple. Ride the bubble!!!
Think of tulips, and act accordingly...
http://economics.about.com/od/finan...tulip_mania.htm
I have done well in the past in these games. Consider it like a poker game, last one in loses!
I played one game, where people were putting in $50 to 50K plus. If this is the early stages of such a creature, you people will be in for one wild ride!
Expect that eventually, you will meet a sore loser, suing the game, convinced the shares were real stocks. Then she shall be close to the crash...
PANIC IN THE WORLD!!!
"Today's Tom Sawyer, he gets high on you
And the space he invades, he gets by on you..."
RUSH
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10-24-08 03:24 PM |
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