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Stock picking contest

I made a little over $3800 in last weeks challenge and had a good day today, I am up about 6.5%. Good thing it is play money or I might start to believe I am smart enough to play for keeps (which I am not).
 
Dow has a record day, but the wrong kind of record...
Plunges 777 points....

You guys still want to buy stock?

Actually tomorrow probably wouldn't be a horrible day to buy... if you sell three days later. It is bound to have a little recovery.
 
I bought into FNM & FRE which is Fanny Mae/Freddy Mac a few days back. I've been watching it like a hawk. I'm banking on the bail out to happen or I could be screwed. When the crooks in congress get close to a deal, market goes up, once delays hit, it goes down. It's an amazing thing to watch, even more amazing when you have 26K sitting in there like I do. I know I'm half nuts, but my motto has always been no risk, no gain. Right now I'm up roughly 30cents a share and I'm hoping for at least another 50cent spike upon some kind of a deal happening over the weekend. If we get a deal, stocks will surge big time Monday, if no deal I feel it's going to be ugly. This is like rolling the dice in Vegas.:eek:


Did you buy in at $0.35 per share or wait until it hit the $2 mark? Last week was a great week to make money on that stock. If indeed you got in sub $1 share, you might come out pretty good. I'm just starting to learn stock market, threw $800 into - lost some money and mad a little back. It's pretty fun and I can see how it would be addicting.
 
As of closing today 10-13-08


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Did you buy in at $0.35 per share or wait until it hit the $2 mark? Last week was a great week to make money on that stock. If indeed you got in sub $1 share, you might come out pretty good. I'm just starting to learn stock market, threw $800 into - lost some money and mad a little back. It's pretty fun and I can see how it would be addicting.

Bought in $1.15 a share, pulled part of it out @ 1.83 a share that was all my Freddie Mac stock. Were I f#ck*d up was leaving a bunch in Fanny Mae, I'm down a considerable amount with Fanny. I can only hope it comes back enough to get out for good! I'm done playing this game, feel it will take a long time for the stock market to ever get back to what it once was, with the amount of distrust people have for it right now. I'd feel a lot better if the money was sitting in a can, buried in a hole somewhere...........:rolleyes:
 
yep I better get the bicycle out and practice some handle bar tricks like Kevin Bacon in Quicksilver, my future in the markets dont look so good :eek:
 
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