Stock Market Help
Sun Jul 10, 2005 2:08 pm
Does anyone else on here invest in stocks on Neopets? If you do how long do you wait until you sell your stocks? I usually sell mine when its at 80%. Also, how much cash do you put into one stock?
Any other help would be appreciated! Thanks.
Any other help would be appreciated! Thanks.
Sun Jul 10, 2005 4:38 pm
Hi, I play the stockmarket but I've given for a bit as I'm bored with it. 
I usually buy 1000 of one 15NP stock everyday and make sure they're different until I've built up a reasonably well spread portfolio. I then sell when it hits 30NP as I'm lazy and impatient. A 50% profit is good enough for me!
I usually buy 1000 of one 15NP stock everyday and make sure they're different until I've built up a reasonably well spread portfolio. I then sell when it hits 30NP as I'm lazy and impatient. A 50% profit is good enough for me!
Sun Jul 10, 2005 4:56 pm
I wait until a stock hits 60 (300% profit) based on the advice of the folks at Neodaq.com . But I don't suggest waiting that long if you need the NP.
Sun Jul 10, 2005 5:19 pm
I wait for 50 or 60. It just depends on whether I think the stock will go higher, etc.
Sun Jul 10, 2005 9:08 pm
I usually sell half of the stock I have when it hits 50. I sell the other half (except for 1000 shares) when it hits 100, or if it's still above 50 and starts dropping fast (more than say, 7 or 8 np/share in one day)
I have around 200K shares valued at about 3 mill or so but I've been buying 1000 stocks/day for 3 years. I've had two or three major sell-offs to buy big ticket BD and gallery items.
When I was starting out, and po, I used to split my stock when it hit 12, i.e. sell half of it and buy 1000 more of something else. That was back when you could buy and sell as low as 6np/share. There was a lot better profit off it back then. I still have a few stocks I bought at 6np/share but they're all bankrupt now, I just keep them for nostalgia's sake.
I have around 200K shares valued at about 3 mill or so but I've been buying 1000 stocks/day for 3 years. I've had two or three major sell-offs to buy big ticket BD and gallery items.
When I was starting out, and po, I used to split my stock when it hit 12, i.e. sell half of it and buy 1000 more of something else. That was back when you could buy and sell as low as 6np/share. There was a lot better profit off it back then. I still have a few stocks I bought at 6np/share but they're all bankrupt now, I just keep them for nostalgia's sake.
Sun Jul 10, 2005 11:17 pm
I sell at 50 or 60 usually, depending on how well it's doing. My biggest problem is remembering to buy stocks, I have it set as one of my dailies to open in a tab and yet still I forget, argh.
Mon Jul 11, 2005 7:03 pm
AySz88 wrote:I wait until a stock hits 60 (300% profit) based on the advice of the folks at Neodaq.com . But I don't suggest waiting that long if you need the NP.
I went to Neodaq.com. It has a lot of information. I just don't understand why they think that FISH is good for a profit! I have lost 90% of my neopoints off of FISH! I just don't understand WHY! I invested when it was at 15! I mean, I don't really care if I lose any neopoints, I don't need them, but it would be nice to earn a profit!
Tue Jul 12, 2005 1:32 pm
I normally wait until it hits about 40 but i'll sell at 35 if i really need the cash
Tue Jul 12, 2005 4:01 pm
shefampyr wrote:AySz88 wrote:I wait until a stock hits 60 (300% profit) based on the advice of the folks at Neodaq.com . But I don't suggest waiting that long if you need the NP.
I went to Neodaq.com. It has a lot of information. I just don't understand why they think that FISH is good for a profit! I have lost 90% of my neopoints off of FISH! I just don't understand WHY! I invested when it was at 15! I mean, I don't really care if I lose any neopoints, I don't need them, but it would be nice to earn a profit!
What are you talking about? I see FISH as having a grade of "D"...it's really only good if you're patient enough to wait years for one of those huge spikes.