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| Grimreaper's e$ Casino! |
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| Grimreaper |
 Posted: Fri Dec 23, 2005 4:34 pm Post subject: Grimreaper's e$ Casino! |
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CFO
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I think I will open the e$ Casino this week, here's how it will work, I will pick 3 of Cramer's favorites from the Fri nite show each week. I will post the 3 picks after the after hours trading session is over, that way longs won't get the benefit of playing the closing price based on the Cramer idiot frenzy his calls create in AH trading, of course the shorts who want to go against his call get a little bit of a benefit with the higher entry price, but the shorts deserve a break because it is usually one short against a wave of idiot longs whenever Cramer makes a call.  Anywho, the way this works is you can pick the stock that you feel will gain the most or lose the most from where it closed in either AH trading on Fri or from the regular hours closing price if there were no AH trades (I will post the actually starting prices, you just pick the stock and say wether you want to short it or buy it). The stock with the biggest % gain from your starting price as a long/short by the following Fris close gets paid 3/1 on whatever amount of $$$ they want to bet up to a maximum of $3000 e$, only the players who picked the biggest winner will get paid.
I'll be back a little later with this week's plays, but here is a sample trial run so there is no confusion.
Stock A 5.00
Stock b 10.00
Stock C 25.00
You can bet that stock A, B, or C will either rise or fall, but pick only one stock and bet it as a long or a short and state the amount you wish to bet on your pick. If at the end of the week stock C rose 10%, Stock B fell 5%, and Stock A fell 15% then those who said to short stock A get 3 times whatever the amount of e$ they bet as an award. Everyone else loses their bankroll. Benjamin can keep track of the e$ lost and maybe we can all just get a contribution for a big Superbowl party in Vegas! Einvesting.com can pick up the cost of e-airline tickets, e-accomodations, e-drinks, the whole e-shebangie for all who wish to attend! So bet big and bet often! |
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| Grimreaper |
| Posted: Fri Dec 23, 2005 4:56 pm Post subject: |
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CFO
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OK, here are the choices for the Cramer frenzy weekly challenge, if you'd like to play just state which stock you wish to play and whether you think it will rally or fall next week, get your picks in no later than 7 AM EST on the morning that trading starts for next week, in this case Tue. Good luck!
ABB 9.57
RACK 28.63
BEAV 22.18 Cramer mentioned this one late in the show so AH trading had no effect. |
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| poornewb |
| Posted: Fri Dec 23, 2005 6:12 pm Post subject: |
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Investing Manager
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| Im with warren on the market cap Idea I already had a stock picked then it dropped below 20 and I was like dang! So let us know or are the rules already set in stone? |
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| Im Not Warren Buffett |
| Posted: Fri Dec 23, 2005 7:10 pm Post subject: |
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CFO
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I think the "Cramer's Casino" idea is overly complicated. You day traders...  ... better get the payment from the bet first, you can't pry a penny out of a dead day trader's hands with a crowbar (not that I've ever tried).
Just like the Constitution, I believe Einvesting Forum postings are living documents, meant to be amended as the people see fit. Now that I'm done with my mini-windbag speech, I should probably get to work picking out a stock. |
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| Grimreaper |
| Posted: Sat Dec 24, 2005 3:07 am Post subject: |
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CFO
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| Im Not Warren Buffett wrote: | I think the "Cramer's Casino" idea is overly complicated. You day traders... ... better get the payment from the bet first, you can't pry a penny out of a dead day trader's hands with a crowbar (not that I've ever tried).
Just like the Constitution, I believe Einvesting Forum postings are living documents, meant to be amended as the people see fit. Now that I'm done with my mini-windbag speech, I should probably get to work picking out a stock. |
The Casino idea may last all of 1 week, I'm planning on playing if some of the others wanna play, udderwise the Casino idea goes bye bye, I can only throw out ideas for games people who luv the stock market may want to play, if the idea sinks like da Hindenburg I may move on to another equally crappy idea? you think the Cramer weekly frenzy challenge is too complicated? I'm planning on making a pick for this 1 million e$ challenge but I haven't figured out the rules for it yet, it seems much more complicated to me.  |
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| frusnak |
| Posted: Sat Dec 24, 2005 4:49 am Post subject: |
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CFO
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 I will go with a buy on RACK (two thumbs up, waaaaay up) |
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| Im Not Warren Buffett |
| Posted: Sat Dec 24, 2005 3:15 pm Post subject: |
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CFO
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[quote="Grimreaper]
The Casino idea may last all of 1 week, I'm planning on playing if some of the others wanna play, udderwise the Casino idea goes bye bye, I can only throw out ideas for games people who luv the stock market may want to play, if the idea sinks like da Hindenburg I may move on to another equally crappy idea? you think the Cramer weekly frenzy challenge is too complicated? I'm planning on making a pick for this 1 million e$ challenge but I haven't figured out the rules for it yet, it seems much more complicated to me. [/quote]
I don't think the long-term stock picking contest is actually that complicated, but if Ben could clarify the stock price vs. market cap issue, I think it would remove whatever questions exist. From what I get, it seems to be pick one stock you think will appreciate most in the coming year. |
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| nelaina |
| Posted: Sat Dec 24, 2005 6:36 pm Post subject: |
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CFO
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im going with ABB a buy for me, and honestly not becuase of cramer but its one ive been following for a month or so now...
and i like playing the games so keep em coming! |
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| Grimreaper |
| Posted: Sun Dec 25, 2005 1:26 am Post subject: |
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CFO
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| Im Not Warren Buffett wrote: | [quote="Grimreaper]
The Casino idea may last all of 1 week, I'm planning on playing if some of the others wanna play, udderwise the Casino idea goes bye bye, I can only throw out ideas for games people who luv the stock market may want to play, if the idea sinks like da Hindenburg I may move on to another equally crappy idea? you think the Cramer weekly frenzy challenge is too complicated? I'm planning on making a pick for this 1 million e$ challenge but I haven't figured out the rules for it yet, it seems much more complicated to me. |
I don't think the long-term stock picking contest is actually that complicated, but if Ben could clarify the stock price vs. market cap issue, I think it would remove whatever questions exist. From what I get, it seems to be pick one stock you think will appreciate most in the coming year.[/quote]
First of all, Merry Christmas! I only think the long term contest is complicated because now I have to decide whether I should go for the 1 year cool $1 million, or if I should just get started late and go for the $500000, and then wait for an opportune time to cheat. I think that for $1 million e$ you should have to do something pretty stout. Everybody should play for $1 million but only one person is gonna get lucky, that's right, lucky! I see we do have a few playas in da Casino this week so I guess I'll play too.  |
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| Im Not Warren Buffett |
| Posted: Sun Dec 25, 2005 12:08 pm Post subject: |
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CFO
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| Grimreaper wrote: | | First of all, Merry Christmas! I only think the long term contest is complicated because now I have to decide whether I should go for the 1 year cool $1 million, or if I should just get started late and go for the $500000, and then wait for an opportune time to cheat. I think that for $1 million e$ you should have to do something pretty stout. Everybody should play for $1 million but only one person is gonna get lucky, that's right, lucky! I see we do have a few playas in da Casino this week so I guess I'll play too. |
Why not go for both? Put in a pick now, see how it pans out, and then jump in with another one in the middle of the year.
And "getting lucky" is overused, if you prepare right, you're sure to have better results than someone who isn't as sharp as you.
See also: Warren Buffett |
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| Grimreaper |
| Posted: Mon Dec 26, 2005 2:42 am Post subject: |
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CFO
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| Grimreaper wrote: | OK, here are the choices for the Cramer frenzy weekly challenge, if you'd like to play just state which stock you wish to play and whether you think it will rally or fall next week, get your picks in no later than 7 AM EST on the morning that trading starts for next week, in this case Tue. Good luck!
ABB 9.57
RACK 28.63
BEAV 22.18 Cramer mentioned this one late in the show so AH trading had no effect. |
MY pick will be BEAV short for $1000 e$, Nelaina and Frusnak are also in with their picks but still need to place a bet if they want to win any e$, all bets pay 3/1, but you also lose the e$ you put up as your wager if your pick does not generate the best return by Fri's close. There is still time to play if anyone else wants to enter since da mawkets are closed today. So far, here are da playas, their picks, their e$ bets.
Frusnak RACK 28.63 Bullish No e$ wagered
Nelaina ABB 9.57 Bullish No e$ wagered
Reaper BEAV Bearish $1000 e$ wagered |
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| Grimreaper |
| Posted: Mon Dec 26, 2005 2:58 am Post subject: |
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CFO
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| Im Not Warren Buffett wrote: | | Grimreaper wrote: | | First of all, Merry Christmas! I only think the long term contest is complicated because now I have to decide whether I should go for the 1 year cool $1 million, or if I should just get started late and go for the $500000, and then wait for an opportune time to cheat. I think that for $1 million e$ you should have to do something pretty stout. Everybody should play for $1 million but only one person is gonna get lucky, that's right, lucky! I see we do have a few playas in da Casino this week so I guess I'll play too. |
Why not go for both? Put in a pick now, see how it pans out, and then jump in with another one in the middle of the year.
And "getting lucky" is overused, if you prepare right, you're sure to have better results than someone who isn't as sharp as you.
See also: Warren Buffett |
I think Benjamin said that you can either get in before the new trading year starts and go fo da $million or you could join anytime during the year for $500K, I'm not sure if he is going to have 6 month contests or what, and he didn't make it clear whether or not it was going to be one or the other but not both.
The fact is that there is alot of luck involved with how far your stock runs, for instance, look at the oil and gas sector, those stocks should never have run as far as they did, and if it wasn't for Jim Cramer they probably wouldn't have, there is plenty of luck in da mawkets believe it or not, the people who owned SWN on the day Cramer came out and gave his pounding on the table bullish call on the natgas sector, those fokes were lucky, the people who bought Cramer's buy call on the natgas sector were obviously idiots who had to endure yet another Cramer whipsaw it soon turned out but luck definitely could play a factor to the ones who pick the right sector for 2006. |
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| frusnak |
| Posted: Mon Dec 26, 2005 3:22 am Post subject: |
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CFO
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I am not a gambler as I have stated in the past and this sure seems like another one of those darn 50/50 deals but what the hay....  Grim, put me down for 1,000e$....Guuuulp |
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| Grimreaper |
| Posted: Mon Dec 26, 2005 3:36 am Post subject: |
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CFO
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| frusnak wrote: | | I am not a gambler as I have stated in the past and this sure seems like another one of those darn 50/50 deals but what the hay.... Grim, put me down for 1,000e$....Guuuulp |
Rut-roh! I have created a monster! Doan worry Frusnak, if it gets bad for ya I am willing to contribute some e$ to your sessions at gambler's e$nonamus! |
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| nelaina |
| Posted: Mon Dec 26, 2005 3:59 am Post subject: |
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CFO
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