Asx Shremarket Trading Game (2 Viewers)

[redslert]

Originally posted by yenta
I have 500 shares in Adelaide Bank...bought them for $8.34 and they are currently $8.54. Should I sell them now or risk it and see if they go up more? Someone give me some advice

at that price a 20cents jump isn't a lot
looking at the charts it looks like it's peaked!
i would be selling
but if you want to gamble, then just hold out for another week or 2

 

[Orange Juice]

hows everyone going now?
dam the national leader is like 58k...
malazn you started buying stuff yet?

 

[Cyph]

I'm doing no good, portfolio is worth $50,085.46

yenta, why sell if your shares are making you money? I bought more shares in the one company that went up for me and sold my others that went down to avoid bigger losses (except for NAB, 'cause I kept thinking it'd pick up, but they're down about ~$2 now, damn! )

 

[Orange Juice]

im on about 54k, fairfax hasnt done me good... i tried to put all my money into csr but the game said something about... not being allowed to invest more than 25% of your portfolio

 

[redslert]

i'm at the 53K mark which is completely crap!

i made too many mistakes and didn't watch what i was buying and selling properly
oh well

 

[Orange Juice]

have you guys touched it ever? i bought all my shares in the first 2 days and thats it...

 

[jam3s]

my team came 3rd in nsw high school comp behind some guys from james ruse high and some chicks from some privat school in 2002 i was in year 10 i got a bronze metal and $250 which was share between me and peter.
lol it;s was the saddest game i ever played i played for the first 2 weeks buyin shares and stuff and then just left it there lol and out of nowhere we where told by our teach we came 3rd. hahaha hehhe

 

[Atotoi]

New competition entries start at the end of the month right??
I havent really cleaned up with REAL shares.. however i did double my money with some Tab shares bought 5 years ago ....unfortunately ive got some CBA shares..... man are they in the dumps?

any tips? lol

 

[redslert]

Your ranking (at close 19/08)
National ranking 1236 of 13312
State ranking 432 of 4919

rather crap oh well
better luck next time!

waiting for the sept game to begin

 

[Cyph]

Bump!

Is anyone playing this game?

I've been busy cramming as much information on technical analysis as I can in the last few days and 'trading with the trend', so I've made more researched decisions this time around. I'm looking for shares trending upwards, with a surge in volume to support the uptrend. Also using a double moving average system, with the short term ma being above the long term ma.

I'm not sure if this is detailed enough to pick stocks, but it's resulted in me picking:

ALL - I bought these in the last game at $4 and they're still going up, so why not?
CML
BHP
DJS
JST

Orders pending for:

OSH
GAN
OST
PBG
ZFX

I'm also watching CSR to see if the line of resistance gets broken and if it does, whether a surge in volume will accompany it.

 

[Cyph]

CSR look to have broken their resistance... watch for an uptrend.

 

[gordo]

i bout lihir gold