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Play With Your Buddies / Re: Let's Play Wall Street Raider
« on: December 27, 2009, 09:11:34 pm »I find that it is much easier to make money in this game selling stock short then buying it. Look through the listings of the industries with poor return on capital. Find a company with poor financials and negative projected income then ride it down until it croaks or starts making a profit. Rinse. Repeat.Eh... I disagree.
You need to remember that selling short is
A) Always at your risk. You cannot do it through another company, therefore if it 'goes wrong' you pay.
B) Transaction based. It does not help your networth and you cannot choose to keep the stock.
C)Risky with a smart opponent. If someone else buys up your shorted stock before it drops, you need to cover the position prematurely and that can cost you.


