Reflections and looking back on this semester's game

Reflections/Looking back:

As we wrapped up our game this semester we found our group to be disappointed in profits.

We ended up 6^th place on both the US and Canadian side. As we liquidated we found ourselves stuck with one stock as Investopedia wouldn’t let us sell the stock as it showed that it wasn’t a stock. You couldn’t sell or search it; the stock was sitting at 0 on Friday. So we had to sadly leave it in our portfolio and wait it out. As we researched and gave it a few days the stock came back and showed up on Investopedia and it was making money. In corporate history we can now review that the stock symbol changed from QQQQ to QQQ. We ended up having to sell it after the fact, when the game was finished. So we just had to find the stock price on Globe and Mail and using the day’s closing numbers. We had 200 shares of QQQQ and on that day it closed at $56.84.

We didn’t tend to be as technical in picking stocks this semester and in doing so we didn’t make money. We didn’t decide we were brave enough to enter into the world of options this semester as we wanted to try to win the game. We tried a technique of only doing the minimum amount of trades per week. The technique worked out good and it wasn’t too tough to do the charting of our trades and such. Our experience with short selling wasn’t the best this term and it was a learning experience to make sure you are checking the status of your short sales frequently as we didn’t follow them every day when they decided to start going up we never caught it and could of got out before we lost as much money as we did.

This game goes to show that the random walk theory could in fact work if you monitor the stocks well and just go in as a day trader and hope for the best. When picking stocks we weren’t to incline to do heaps of research, it was more going with our gut, and letting the market decide what will happen. It was an interesting semester of stock game and our group enjoyed playing the game once again. Until next time. Shalom! ( Good bye in Hebrew))