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| Kaizen |
 Posted: Wed Jun 01, 2005 11:43 am Post subject: eInvestings Stock Game Question |
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Investing Associate
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I purchased 25 Shares at $13.09 (eInvesting Game Shares) at around 5:00EST and imediately it dropped $10.00 (or -2.97%)... Why did I take a loss for shares purchased after hours? Just Curious
Kaizen |
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| freeye |
| Posted: Wed Jun 01, 2005 12:09 pm Post subject: |
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Investing Manager
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my guess is the trading system being used by einvesting.com is set up to take out a fictitious $10 trading fee upon entry of the stock purchase order, not at execution of the stock purchase order.
hope this is clear enough.
will clarify better as needed. |
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| Benjamin |
| Posted: Wed Jun 01, 2005 12:17 pm Post subject: |
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Administrator
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Yep, freeye s correct. The commission fee is deducted right away, so just like in real life if you pay a commission your down already.
Maybe we can do a special where for a day all trades are only $1! |
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| Dave Rathbun |
| Posted: Wed Jun 01, 2005 2:59 pm Post subject: |
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CFO
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Commissions are applied when the trade is made. And they are, of course, a cost of trading and therefore are factored into the return calculation.  If you buy a stock and then sell it immediately, with no movement in the share price, you're out $20. |
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| blackfoxtrade |
| Posted: Wed Jun 01, 2005 11:32 pm Post subject: |
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Associate
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| eInvesting Admin wrote: | | Maybe we can do a special where for a day all trades are only $1! |
That would be great!!  |
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| freeye |
| Posted: Thu Jun 02, 2005 8:17 am Post subject: |
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Investing Manager
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the $1 commission day would be a good idea.
to clarify it would be a good idea for those that are working from a small equity base (under $1,000) and have made a bad stock selection and are trailing in the contest.
by having a $1 commission day this will allow these investors to unwind the losing positions an repurchase other stocks that may bring them back into being more competitive.
if they are more competitive then they may also be more active on the forums as well which would be a nice refreshing bonus. |
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| blackfoxtrade |
| Posted: Tue Jun 28, 2005 6:54 am Post subject: |
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Associate
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| blackfoxtrade wrote: | | eInvesting Admin wrote: | | Maybe we can do a special where for a day all trades are only $1! |
That would be great!! |
seems like I don't have that problem anymore King |
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| Benjamin |
| Posted: Tue Jun 28, 2005 7:03 am Post subject: |
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Administrator
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Don't expect to keep most of those though BlackFox... 
Once we fix things we'll have to fix you too!
Please do not donate any away...it will create too much inflation. |
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| blackfoxtrade |
| Posted: Tue Jun 28, 2005 8:07 am Post subject: |
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Associate
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ok i will stop doin that (i did only twice).
and as i understand you will be resetting the game soon, in July. Am I right? |
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| Benjamin |
| Posted: Tue Jun 28, 2005 8:25 am Post subject: |
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Administrator
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| Hopefully we'll have it ready to go...It might be a little late though. |
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| blackfoxtrade |
| Posted: Tue Jun 28, 2005 8:43 am Post subject: |
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Associate
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| what do you mean by that? |
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| Benjamin |
| Posted: Tue Jun 28, 2005 8:48 am Post subject: |
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Administrator
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| If it's not the 1st it might be a few days late, but not much. |
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| chahsiubow |
| Posted: Fri Jul 01, 2005 3:55 pm Post subject: |
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Investing Sr. Associate
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| Doh, should have read this post earlier. I just sank most of my $ on buying some shares. |
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| Benjamin |
| Posted: Fri Jul 01, 2005 5:38 pm Post subject: |
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Administrator
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| Everyone will get their e$ out of the market before it resets. You shouldn't lose any |
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stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
