sonycowboy said:
FYI,
For those who are active at simExchange, I just thought this might be a good place to discuss trades, opportunities, and strategies.
I've been looking at the total sales for December and January and they look way too high to me. I'm also quite interested in what the hell apujunta has done to have increased by 50% over 2 or 3 days. I've done almost NO community features which can give you money, only bothering to do trades.
Sonycowboy, how could you do this to me ? You ask me a question, and yet you spelled my id wrong ? Tsk, tsk, tsk. Bad, really bad.
Joking aside, the reason for my huge win for the last two days (that allow me to leapfrog both you and heidir) :
- Mario Party DS, LTD : Bought them at 224 DKP, see them gained a huge boost due the news of MPDS doing 300K a week in M-create (posted by me), with LTD of 1 Million in less than 2 months, and then see that stock soar 50% in less than 1 hours. As Tom Nook would say, crazzzzzy. Total profit : 160K DKP (32% of buy price). This happen on Dec 26, so I consider it as late christmas present from SimExchange to me.
- Nights (Wii), Dec 07 : Shorted them at 17.02 DKP, waited for eternity (it seems like that to me) for them to drop down, but never did. Suddenly, one day after Mario Party boost, people come to their sense, and drop it down to 7.2 DKP (50% drop or more??, could not remember the # before the sudden drop). I exit (buy those stock I shorted) at 10.41 DKP.
Total Profit : 185K DKP (63% of buy price). I also consider this as my second christmas present from SimExchange.
Funny note about Nights, Dec 07 : Since the price now is very low (less than 8 DKP), and I believe than Nights might do 10 DKP or more, my current position on them is buy, not short.
About community feature, as of now (the time I post this), I got 136K DKP from content bidding, and I got 135K DKP from achieving Level 3 Community, so if you wanted to do an apple to apple comparison between you and me, you can subtract 271K from my worth, which bring it down to around 2.3 Million.
JoshuaJSlone said:
From a few things he's posted I think he came out on the right side of some of the huge single-day increases like Mario Party DS.
I think January hardware is currently quite overpriced. But what a pain to short it much and have to wait a month and a half for the results, as not enough people must agree with me that they're overpriced for them to change. If anything, they've gotten worse recently. Current January hardware works out to
I've also been putting money into Wii Play long stock. It's currently valued at 13-14 million, but unless Nintendo releases a replacement controller pack-in game, the sky is the limit on that one. Not something that will get quick gains, but it seems a safe bet.
I also have short position on those January stock, especially Wii & Uncharted. I am not too sure about Uncharted, but I am sure about Wii being overpriced. I also have the some problem as you, JoshuaJSlone, in which I got hammered by other people expectation. However, since I only short sell in 2 stock, and I bought them when the price is pretty high (73.21 for Wii and 16.96 for Uncharted), I am not severely affected by them (and it helped that I have some long position that keep on increasing day to day and help me counte the losses in my short position).
About Wii play, it is too long (may need 3 or 6 more months before people agree to increase them from it current level). I decide that I better use that money somewhere else (as spare cash, so if I noticed stocks that suddenly became interesting, I have the money to do something about it). You know, the "time value of money" theory apply in this case.
If any of you still have question, don't hesitate to post it, I will try to answer it as best as I can.
