Quick Update: 10/24/08

The market sucks. Short term: who the hell knows. Middle term: down. Long term: depends if you think America will survive. So… up? Welcome to the 200 Tacos Stock Challenge. Also, you lazy bums, this is the last week for October’s challenge, so get off your asses if you don’t want to be a Tinmaker.

Continuation of challenge into November and forward remains undecided. Also, I’d like to point out that since Hank the Bank is in the lead, there will be an award given to the winner of this challenge! Winner of the stock challenge will receive…. YOU GOT IT! ….$100 DOLLARS!*

1. Hank the Bank:
Profit: $4.73 ($104.73)
Notes: I’m not even going to pretend like I know what I’m doing any more. The market is just swinging up and down.

2. Kel Kel from Hell Hell
Profit: $0.00 ($100.00)
Notes: Has yet to make her picks. Thanks Hurt. (Also, just goes to show, cash under your mattress is the safest investment right now. That and gold teeth. Go big or go home, GRANDMA!)

3. TruckwithouttheKey:
Profit: $-14.00 ($86.00 overall)
Notes: LV continues to suck. AT&T actually has stayed the same. Like owner, like LV stock.

4. The Hurt
Profit: -$19.40 ($80.60)
Notes: What CBAK giveth, CBAK taketh. CBAK is imploding right before our eyes. The Hurt still has no idea what either of these two companies are, what they do, or what their names are (confirmed!).

5. 6. 7. Last. All But Eliminated. Tinmaker
Profit: -$31.78 ($68.22)
Notes: Ladies and gentlemen, the Washington Mutual of this challenge. If you were a stock, I’d double short you. Urban and Tiffany’s…I warned you about retail. Anybody want to take bet’s whether this one will finish above $50?

Quick Update: 10/15/08

The two worst strategic mistakes to make are acting prematurely and letting an opportunity slip; to avoid this, the warrior treats each situation as if it were unique and never resorts to formulae, recipes or other people’s opinions.

– Paulo Coelho

4. Hank the Bank:
Profit: -$10.82 ($89.18)
Notes: Kind of standard rise across the board. I think that’s a large enough head start for you guys. Now I’ll start trying a little.

– Quick Update: 10/13/08

Um….hehehehehehehehahahahahahahahHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAhahahahahahahahehehehehehehehehehehe….he…he…hehehehehehehahahahahahaHAHAHAHAHAHAHAHAHAHAHAhahahahahahahahehehehehehehe…hehehe….he…he…haha…he..hehehe…hehehehehehehehahahahaHAHAHAhahahahahehehe….hehehehehehehe…….hehehe….ok..that’s…that’s eno…hehehehehahahahahahaHAHAHAHAHAHAhahahahahahahehehehe….ok…hehehe….haha…that’s….hehehe….that’s enough. This is the 200 Tacos Stock Challenge.

1. Hank the Bank:
Profit: $3.95 ($103.95)
Notes: Not much to say here. Was one day early on the DXD trade, but still prescient nonetheless. DXD double shorts the Dow.

2. Kel Kel from Hell Hell
Profit: $0.00 ($100.00)
Notes: Has yet to make her picks. Thanks Hurt. (Also, just goes to show, cash under your mattress is the safest investment right now. That and gold teeth. Go big or go home, GRANDMA!)

3. TruckwithouttheKey:
Profit: $-8.78 ($91.22 overall)
Notes: LV sure sucked today. AT&T was no better. Like owner, like stock.

4. The Hurt
Profit: -$10.62 ($89.38)
Notes: What CBAK giveth, CBAK taketh. The Hurt still has no idea what either of these two companies are, what they do, or what their names are (confirmed!). Life’s fair.

567 Last. Tinmaker
Profit: -$26.42 ($73.58)
Notes: Ladies and gentlemen, the Washington Mutual of this challenge. If you were a stock, I’d double short you.

Quick Update: 10/13/08

This is absolutely ridiculously. Well, actually it was kind of expected. Anyway, after the worst week in the stock market, we start off this week with THE BEST SINGLE DAY EVER! The 200 Tacos Stock Challenge is now really rolling! All stock indexes are up at least 11 percent today. Ridiculous? No. ReDONKULOus! Here we go for today.

1. Kel Kel from Hell Hell
Profit: $0.00 ($100.00)
Notes: Has yet to make her picks. Thanks Hurt. (Also, just goes to show, cash under your mattress is the safest investment right now. That and gold teeth.)

2. TruckwithouttheKey:
Profit: $-2.71 ($97.29 overall)
Notes: Not to shabby. Nice boosts across the board today.

3. The Hurt
Profit: -$3.64 ($96.36)
Notes: Got a nice jump, especially from CBAK. The Hurt still has no idea what either of these two companies are, what they do, or what their names are (confirmed!). Life’s fair.

4. Hank the Bank:
Profit: -$10.82 ($89.18)
Notes: Kind of standard rise across the board. I think that’s a large enough head start for you guys. Now I’ll start trying a little.

5. Tinmaker
Profit: -$12.14 ($87.86)
Notes: Ah…Home sweet home. Nice jumps from TIF and URBN. YUM lagged a bit today. Why anyone is content with consumer goods is beyond me.

CHANGES:

Hank the Bank:
Sells
1 WFC @ $30.40
1 MSFT @ $25.50
1 PFE @ $16.68
1 WWE @ $14.82
1 JMBA @ $0.62
1 FNM @ $1.13

Total: $89.18

Hank the Bank
Buys
1 DXD @ $76.00

Hank the Bank thinks the market will get worse, especially after today’s insane rally. DXD goes up 2% for every 1% the Dow drops.

Quick Update: 10/10/08

Well, after enduring the worst week in the stock market’s history, it’s safe to say everyone’s portfolio in the 200 Tacos Stock Challenge has been ravaged. With that said, there’s been an awful shake up in our rankings. No one has made any changes to their portfolios since the start of the contest, but we’ll see what next week brings. Without further ado…

1. Kel Kel from Hell Hell
Profit: $0.00 ($100.00)
Notes: Has yet to make her picks. Thanks Hurt. (Also, just goes to show, cash under your mattress is the safest investment right now. That and gold teeth.)

2. The Hurt
Profit: -$13.46 ($86.54)
Notes: GXDX did OK this week, but CBAK got clobbered. The Hurt still has no idea what either of these two companies are, what they do, or what their names are. Life’s fair.

3. TruckwithouttheKey:
Profit: $-14.41 ($85.59 overall)
Notes: Eh…Stocks took a slight dive like everyone else this week.

4. Tinmaker
Profit: -$19.80 ($80.20)
Notes: Could’ve been a lot worse…but for some reason TIF jumped up $4 (16.58%!!!) on Friday. Don’t know why. In fact, it should’ve went down because an analyst trimmed their estimates on the stock. Weird.

5. Hank the Bank:
Profit: -$19.99 ($80.01)
Notes: F you guys. All of you. A-holes. This is F-in BullS–t.

Quick Update: 10/06/08

Here’s the latest update on the 200 Tacos Stock Challenge 2008. The Dow plunged over 800 points today as the global markets contemplated armageddon. But after brief deliberation and realizing that they had errands to run, armageddon was postponed to a later date yet to be determined. The Dow surged back roughly 450 points accordingly. So….

1. Kel Kel from Hell Hell
Profit: $0.00 ($100.00)
Notes: Has yet to make her picks. Thanks Hurt.

2. TruckwithouttheKey:
Profit: $-5.89 ($94.11 overall)
Notes: Was stupid and bought more Wachovia after it improbably doubled. Now it’s stuck in a mess with Citi and WeFa. Good one.

3. Hank the Bank:
Profit: -$6.09 ($93.91)
Notes: Masterful defense has him avoiding double digit losses like the losers below.

4. The Hurt
Profit: -$10.20 ($89.80)
Notes: Broke double digit losses. Still has no idea what they’re doing…but still doing better than…

5. Tinmaker
Profit: -$15.16 ($84.84)
Notes: Complete and utter failure.

Quick Update

So far, the 200 Tacos Stock Challenge has kicked off without a hitch. Here are the rankings so far after two days of intense competition.

1. TruckwithouttheKey:
Profit: $2.30 ($102.30 overall)
Notes: Wachovia doubled the day after she bought it on news that Wells Fargo would acquire it. Citigroup is contesting because they had a prior deal with WaKo. Don’t give TWOTK too much credit. She also bought Gucci, which isn’t even a public company. (Meaning it doesn’t have stock.)

2. Kel Kel from Hell Hell
Profit: $0.00 ($100.00)
Notes: Has yet to make her picks. Thanks Hurt.

3. Hank the Bank:
Profit: -$2.99 ($97.01)
Notes: Nothing really happening here. Stocks were up and down because of the bailout bill.

4. The Hurt
Profit: -$4.34 ($95.66)
Notes: Bought stocks that she has never heard of, and still doesn’t know what they do…but still doing better than…

5. Tinmaker
Profit: -$10.01 ($89.99)
Notes: Complete and utter failure in the first two days. OUR FIRST DOUBLE DIGIT LOSER!

I love-handles these companies:

There are a couple of adjectives that you can use to describe the three stocks I would like to invest in:

 1)   COOL!

2)   Blang Blang

3)   Giver of Love Handles:

 

 

 

 

 

 

 

 

 

200 Tacos Stock Challenge!

Greetings everyone! We understand it’s been a long time since any one has even opened up this little forgotten blog of ours. So, in an effort to continue our mission in promoting spirited competition, as well as drive what is ultimately meaningless traffic to this site, we are proud to announce the Inaugural 200 Tacos Stock Challenge! 

Participants are given $100 to build out their portfolio over the course of one month. Players are free to buy and sell their stock as they please, and are allowed to invest in any combination of stocks as they please as long as the transactions are within their budget. 

You can keep track of everyone’s performance here on this Google docs spreadsheet. Not a big fan of Google docs, so it still looks very basic, but it should serve its purpose for now.

Here are the guidelines, for the most part.

1) Participants are each given $100 to manage for their stock portfolio.

2) Players are allowed to invest the funds whenever and however they wish. (For example, the player can purchase multiple shares of 1 stock, or multiple stock at 1 share a piece.)

3) Players can buy and sell as they please. There is no commission fee.

4) Stock prices will be recorded on the closing price of that day. This is done so to limit an arbitrary purchases and provides a solid number to go on.

5) Given that transactions will be gauged using closing prices. Intraday trading will not be allowed. This means you will have to hold your stock for at least one full day before selling.

6) This competition will go on until November 1. At that time, the participant with the best return will win the competition.

That is all. I think. Feel free to ask me if you have any questions. Let’s get started!