Canada Kicks Ass
Stock Market Investment Competition

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1964-D-Peace @ Thu Jun 16, 2005 10:25 am

Mukluk Mukluk:
Hey 64D, good to see you on this forum again. Missed your insight.

Slow and steady for me, no big jumps in posts. Whereas some take one thread to get to 500, slow and steady is the pace for me :)

So what about it, are you building a portfolio? You wouldn't start off in last place since even a 0% gain would have you miles ahead of where I'm at right now! Most others still around the 0% mark, you'd only be one day behind (or ahead...?).

Start out with a mere 100k with a 50k margin. woot.

m


[Could've sworn I posted this answer before...]

Heya Mukluk!
Slow and steady isn't just a specialty for me as well, it's also my unavoidable fate.... *sigh* -__-

In any case, it's good to see you again too.

I'd like to participate in the contest, since I'm curious to catch a glimpse of stock market life outside of the contrarian paradign (which is essentially all doom, doom!, DOOM~!!).
Problem is that my internet participation has been rather scant as of late, so I fear I'll end up committing one day only to silently bow out of it the next. ;__;

But so I don't appear completely aloof, I'll make it up to you somehow. ^_^

   



usababe @ Thu Jun 16, 2005 10:41 am

I have a sneaky feeling I'm going to smoke you all....bring it on!

   



-Mario- @ Thu Jun 16, 2005 11:00 am

I'm in.... if I can figure out how to buy stuff.

   



CanadianLynx @ Thu Jun 16, 2005 11:59 am

usababe usababe:
I have a sneaky feeling I'm going to smoke you all....bring it on!


Conflict of Interest here.... :wink:
usababe should only be allowed to pick Canadian stocks :lol:

   



usababe @ Thu Jun 16, 2005 12:01 pm

why conflict of interest? I DO have some canadian stocks...

   



Hester @ Thu Jun 16, 2005 12:08 pm

I can't seem to get back in. When I do, what stocks do we buy? Only TSE? NYSE?

   



Mukluk @ Thu Jun 16, 2005 4:37 pm

You can buy anything the site will allow you to buy, use up your margin if you DARE :) It won't let you buy stock below $5 (part of the site rules, apparently...I tried to buy Calpine as a sleeper).

The site takes some time to load, especially the buttons to buy/sell :) haha.. Check your status bar on your browser and wait for the slow load, it should tell you how many items remaining, etc.

I have a question about margins...can someone explain how they work? As far as I understand, I can borrow money to invest, but if my portfolio value drops too low (how low?) I have to sell stock to pay some of the money that I borrowed (margin) back.

I don't seem to be able to short anything either. A concise explanation of what shorting is would be great. From what I understand, if I think a stock is going to drop, I sell it in advance to someone at say $20, and then hope that the price of the stock drops to $15 before I have to sell them the stock...but what kind of time delays are we talking about?

Here is status to date, I have started my charge. Hester is about to be smoked ;)


Contest Rankings
Rank Name Total Value % Gain # Trades
1. View ROCKaMIC 102652.70
2.65
15

2. View Hester 100022.22
0.02
0

3. View usababe 100001.29
0.00
9

4. View GunPlumber 99996.00
-0.00
8

5. View M4RI0 99992.00
-0.01
4

6. View SadBlue 99974.87
-0.03
5

7. View mukluk 99192.79
-0.81
17

8. View canadianlynx 98559.11
-1.44
1

9. View skyscraper115 93557.00
-6.44
1


marc

   



Mukluk @ Thu Jun 16, 2005 4:39 pm

Hester Hester:
I can't seem to get back in. When I do, what stocks do we buy? Only TSE? NYSE?


Hester - lol, you are beating me because you have no portfolio chosen and you are accruing back interest rofl.

Be sure you have selected the CKA portfolio. There is a button called "Buy Stocks"...use that one. This is the one that takes forever to load - wait for it!

m

   



ROCKaMIC @ Thu Jun 16, 2005 5:02 pm

Mukluk Mukluk:
I have a question about margins...can someone explain how they work? As far as I understand, I can borrow money to invest, but if my portfolio value drops too low (how low?) I have to sell stock to pay some of the money that I borrowed (margin) back.


You can borrow 50% of your total portfolio. If you have 100k you can borrow 50k. You can't exceed this value.

   



ROCKaMIC @ Thu Jun 16, 2005 5:04 pm

-Mario- -Mario-:
I'm in.... if I can figure out how to buy stuff.


:D

Once you go into 'my stocks' tab. Select the CKA portfolio. Then click 'buy stocks', if you know the stock symbol, input it along with the quantity and that's it, if not do a symbol lookup.

Good luck!

   



ROCKaMIC @ Thu Jun 16, 2005 5:24 pm

my new stats :D

+3.55%
15 trades.

   



The Hoser @ Thu Jun 16, 2005 5:42 pm

NEVER SHOULD HAVE BOUGHTT KRAFT!!! All my others stocks went up, but Kraft plumeted! DAMN! I just love Delissio pizza so much...

   



The Hoser @ Thu Jun 16, 2005 5:45 pm

Holy fuck, Google stocks are wicked expensive. Thank god I didn't buy 500...

   



Blue_Nose @ Thu Jun 16, 2005 5:46 pm

The Dark Canuck The Dark Canuck:
NEVER SHOULD HAVE BOUGHTT KRAFT!!! All my others stocks went up, but Kraft plumeted! DAMN! I just love Delissio pizza so much...


:lol:

Is it too late to get in on this?

   



The Hoser @ Thu Jun 16, 2005 5:48 pm

Don't laugh at me!!

   



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