What the heck is going on with the market

Last post 07-04-2008 3:43 PM by Melany. 15 replies.
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  • 06-26-2008 9:59 PM

    What the heck is going on with the market

    I can not believe how terrible I am doing.  I did much better last game and I hate having to rebuy stocks I had at a higher price and they all went up when the new game started.  Now I am barely staying out of the basement and I have seriously thought of hitting the reset button but then the stocks would all be more again.  I think they should keep the game going without the stop and start.  The market is terrible 350 drop in one day, wow that is something.  They 7 dollars a gallon for gas in 2 yrs who will be able to drive?

    I just hate this new game I am just doing so bad.

  • 06-26-2008 11:04 PM In reply to

    Re: What the heck is going on with the market

    I WISH I KNEW.  I'M WAY DOWN TOO. I CAN'T FIGURE IT OUT BUT LUCKILY IT'S A GAME EXCEPT THAT THE FUEL PRICES AREN'T A GAME AND IF THEY KEEP GOING UP WE ARE IN A LOT OF TROUBLE.  IF GAS GETS TO BE $7 A GALLON WE WILL BE IN A BIG MESS AS FAR AS I'M CONCERNED.  HAVE  A GOOD NIGHT.

  • 06-27-2008 1:02 AM In reply to

    Re: What the heck is going on with the market

    GOLDIEC:

    I WISH I KNEW.  I'M WAY DOWN TOO. I CAN'T FIGURE IT OUT BUT LUCKILY IT'S A GAME EXCEPT THAT THE FUEL PRICES AREN'T A GAME AND IF THEY KEEP GOING UP WE ARE IN A LOT OF TROUBLE.  IF GAS GETS TO BE $7 A GALLON WE WILL BE IN A BIG MESS AS FAR AS I'M CONCERNED.  HAVE  A GOOD NIGHT.

    I don't think we have seen the worst yet. Short short short.
  • 06-27-2008 1:25 AM In reply to

    Re: What the heck is going on with the market

    mnangelmom:

    I can not believe how terrible I am doing.  I did much better last game and I hate having to rebuy stocks I had at a higher price and they all went up when the new game started.  Now I am barely staying out of the basement and I have seriously thought of hitting the reset button but then the stocks would all be more again.  I think they should keep the game going without the stop and start.  The market is terrible 350 drop in one day, wow that is something.  They 7 dollars a gallon for gas in 2 yrs who will be able to drive?

    I just hate this new game I am just doing so bad.

     

    Dont worry about it, you came into a market that is one of the worse in years, keep learning, when we pull out of this and we hit a bull market you'll do well =)

    Right now it's a guessing game and guessing right makes you money, but in the real world guessing can also make you broke so research research research

  • 06-27-2008 8:50 AM In reply to

    Re: What the heck is going on with the market

    I'M WAY DOWN TOO AND I SOLD A LOT OF MY STOCKS YESTERDAY JUST BEFORE CLOSE AND I'M HOPING TO BUY SOME GOOD ONES TODAY.  THANK GOODNESS IT'S NOT REAL MONEY BUT WE ARE SURE TREADING WATER THIS WEEK.  HAVE A GOOD ONE.

  • 06-27-2008 10:50 AM In reply to

    Re: What the heck is going on with the market

    Too bad i closed out all my shorts on wednesday before close....wasn't around yesterday and obviously we had a huge down day....would have been good if i kept my shorts...but i went long instead....doh!

  • 06-27-2008 10:57 AM In reply to

    Re: What the heck is going on with the market

    YOU HAVE TO LOOK AT VOLUME & EARNINGS PER SHARE.HIGH EARNINGS PER SHARE AND LOW VOLUME IS USUALLY A BUY SIGN,ESPECIALLY IF COMPANY STOCK PRICE IS DOWN.

    Filed under:
  • 06-30-2008 10:49 AM In reply to

    Re: What the heck is going on with the market

    I just dumped everything I had and started over. I'm in US Steel (X) and Cleveland Cliffs (CLF). We'll see what happens...

  • 06-30-2008 12:54 PM In reply to

    Re: What the heck is going on with the market

    coal coal coal

  • 06-30-2008 1:11 PM In reply to

    Re: What the heck is going on with the market

    can't go all coal.

  • 06-30-2008 1:29 PM In reply to

    Re: What the heck is going on with the market

    mnangelmom - sounds like you are an investor rather than a trader, and if you are in for the long haul, there will definitely be ups and downs.  You may want to consider doing a little more trading and finding stocks that you can either short, or research stocks that are doing well at this time.  There are a lot of really good stocks that are down right now, but will more than likely come back with time.    And if it is any consolation, a lot of people are down right now, I know I am!!!  Good Luck!!

  • 07-03-2008 10:36 PM In reply to

    Re: What the heck is going on with the market

    It's called a Bear Market one of the worse times to try and make money especially if you only know how to trade in a Bull Market

  • 07-04-2008 7:46 AM In reply to

    Re: What the heck is going on with the market

    Almost all of my "green" stocks are my shorts...and that is usually what i am least comfortable trading....

  • 07-04-2008 9:04 AM In reply to

    Re: What the heck is going on with the market

    At least it's a game and a pretty good way to see how the markets work in this volatile environment. A couple of pretty good outside resources for this game are

    and

    Both are helpful in providing information for due diligence for this.

     

  • 07-04-2008 9:34 AM In reply to

    Re: What the heck is going on with the market

    BARBARA, IF IT GETS WORSE WHAT IN THE WORLD WILL WE DO.  I HAVEN'T GOT A CLUE BUT I FIGURE WE BETTER ALL COME UP WITH SOME KIND OF PLAN.  ANYBODY HAVE ANY IDEAS?  HAPPY 4TH OF JULY.

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