Stock Market - Post Midterms Competition

[DodgersFan28]

Something is wrong here. Smthblucitrus has over $190,000 worth of stocks with only a $5,730.35 net gain.

How do you hold $190K+ with only $105K?

[dbroncos78087]

Something is wrong here. Smthblucitrus has over $190,000 worth of stocks with only a $5,730.35 net gain.

How do you hold $190K+ with only $105K?

I think that is an estimated value, in the distance future. I looked it up on Google, but i honestly didnt quite understand it all.

[Hawkize31]

Hmm, I must have missed this. Sounds like fun.

[asandhu23]

I never did anything.

[asandhu23]

dude that asandhu23 person on that game is not me. i am the abhaysandhu person....

[asandhu23]

ok seriously who used my psd username?

[papipapsmanny]

Damn wish I got in on this, im 20 and I have made a quite of bit of money from when I started investing using ameritrade (when i was 18)

[DodgersFan28]

I don't know, but I'm about ready to quit the game in protest of the fact that players are making gains off money that they should not have.

Either we all started with $100,000, and we all currently have $100,000 +/- gains/losses, or we don't. If we don't, then tell me what I actually can buy stocks with. For now, at least smthblucitrus and whoever's hijacked asandhu23's name should be DQ'd.

[behindmydesk]

it's called buying on margin, they are paying interest on that. Anyone can do it in the game or in real life. If there portfolio goes below a certain value they will have a margin call. Then will have to sell their assets. It's a risky way of doing things.

[behindmydesk]

for instance i have 3800 in cash, but i have 116k in buying power.

[DodgersFan28]

it's called buying on margin, they are paying interest on that.

I see the margin part now, but I don't think they're paying any interest on it.

Their portfolios both say, "Interest Paid: $0"

Ergo, there's still a problem of an exploitable loophole. Can't blame smth or assandu for figuring that out and exploiting it, but I don't like how "borrowing" virtual money interest free and making money on that money is being allowed, especially when the current leader has over $77,000 bought on margin. He's working with an extra 77% scott free. That's a problem, no?

[Wade>You]

I want to join this game but it won't let me. When I enter the password, it just takes me to the list of players, but my name doesn't appear. Can anyone help?

[DodgersFan28]

Turns out the VSE doesn't know how to handle a reverse stock split in addition to its other flaws. Looks like the game is officially FUBAR.

[DodgersFan28]

Problem has been fixed.

[dbroncos78087]

Problem has been fixed.

I was surprised by that actually. VSE is a product of MarketWatch which is a product of the WSJ.

That is the biggest reason i chose to use them, it seemed to be a product that would have the best quality.