Yeah it's pretty simple, but I just want to know what is a good stock to buy that will maximize my profits. The kid who made the game knows a lot because his dad has several stocks.
2007-10-04 05:32:36 · 5 answers · asked by Anberlin 3 in Business & Finance ➔ Investing
VMW, CROX, DRYS, CHNR, RIO
2007-10-04 10:40:05 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Friend, you have asked the Million Dollar Question!
If there was a correct answer, we would all be doing it .... "maximizing"
Good luck and remember this. Prices on the Stock Market are built by people guessing what an entity will be worth some time in the future. It's called the "Greater Fool" theory.
Prices for a stock keep going up from time to time until there are few who think it will go higher (a greater fool) ..... then it goes down. In the meantime, investors will have lost the opportunity to put their money to some other use which MIGHT have been more productive.
"You pays your money and you takes your chances," says a wise ole soul. A stockmarket game is not like the real thing at all. In real life you would make different choices of what and when to buy (or sell short) because you would be using REAL money and have REAL alternative options. Also, you would be thinking about value over a much longer time span than the game will allow.
Having said all that, you should go ahead with playing the game, but not gamble on wild choices just to prove you can do better than some other "Fool" Do what real investors do, pick stocks that let you sleep well over a long period. The best criteria is to pick companies who you can explain how they make money in 5 minutes or less and who have a track record of doing just that.
regards
Texian 13
2007-10-04 06:05:46 · answer #2 · answered by realtime1931@att.net 3 · 0⤊ 1⤋
DB, ACAS, WB, IMKTA, BAC, PETD, CVX , but put more money into the DB, WB, IMKTA, and maybe BAC.
I give you this quick answer only because you are using play money. If it were for real, I would not tell you to simply pick what I think is correct, but to take much time before ever doing any buying. Trading stocks is like owning the world as your business, which requires as much studying of EVERYTHING in the world as you possibly can. It's exciting though! It's good that you are doing this game and hopefully someday you will be good at trading for real. I would suggest that you play trade for 5 years before you get into the real game, if times allows for that.
And when asking a question like this is would be better to ask which stocks would best maximize my profits in a given set of time. If you are talking about a quick small profit today compared to a larger profit over a longer period of time, the answers could very well be totally different stocks. My answers are for generally a shorter time period, but some would also be good for a longer period too. And I might just be incorrect on them too!!!
2007-10-04 07:50:07 · answer #3 · answered by Anonymous · 2⤊ 0⤋
There maybe better picks, but personally I would take advantage of the Swine Flu panic and buy some of these mexican airport stocks that have been panic selling the past few days. Their business wont be hurt that bad, and they will recover as this flu fades out in the next week. (PAC)(ASR)(OMAB) --- an easy 15% gain there. Another opportunity is that the quarter is ending. You might want to buy one of these oil companies that pays out huge dividends. Eagle Rock (EROC) will probably pay out a nice fat 5% dividend in about 1 week. You may make more money if you buy it and sell right before the dividend is paid, because it a lot of buyers will buy up large amounts of stocks just a couple of days before the payout, and sell right after.
2016-05-20 23:06:55 · answer #4 · answered by ? 3 · 0⤊ 0⤋
I like Exxon, it keeps going up!
2007-10-04 05:35:37 · answer #5 · answered by Katherine W 7 · 1⤊ 0⤋