Archive for September, 2008

Top Member Activity, September 29th

Monday, September 29th, 2008

Here is a list of the stocks bought and sold most by the top 100 performing investors on UpDown.com from market close on Friday, September 19th through market close on Friday, September 26th.

Most Bought:

1. JPM – JP Morgan Chase & Co.

2. NCC – National City Corp.

3. RIMM – Research in Motion Ltd.

4. WMT – Wall-Mart Stores, Inc.

5. WM – Washington Mutual Inc.

cheap creative suite 5.5 mac

Most Sold:

1. SCA – Syncora Holdings Ltd.

2. MER – Merryl Lynch & Co., Inc.

3. SPY – SPDR Trust, Series 1 ETF

4. ETFC – E-Trade Financial Corp.

5. GOLD – Randgold Resources Ltd.

Invest well this week!

The UpDown Team

Democrats vs. Repulicans – Who Are the Better Investors

Sunday, September 28th, 2008

With the election season upon us, we thought it would be fun to form Updown.com online investment groups for Democrats and Republicans to see who the better investors are. The intention of the groups is to invest a portfolio according to the principles and policies of each party, and see which ends up with higher return.

So far the Republicans are up slightly. The race is as tight as Obama vs. McCain.

If you’re interested in joining, follow these links for the groups:

Demoratic Party Investing Group

Republican Party Investing Group

lightroom photoshop free download for mac

Joe Ranft, VP Product & Design, My UpDown Profile

Final Note on Last Week

Monday, September 22nd, 2008

Hi Everyone,

Sorry about the trading issues that all of you had to deal with last week.  Basically, for months we have had stable trading because we upgraded our infrastructure to get data directly from the exchanges.  This was working well until Thursday when our servers were overwhelmed with massive and historic trading volume for that day.  On Thursday the market volume was 2.5 times the usual volume.  This volume was the highest in years and perhaps the highest in the entire history of the market.

Adobe Acrobat XI Standard

Because of massive trading volumes, our server processed trades 2 hours behind schedule.  Earlier in the week, we actually saw this coming and ordered new servers on Tuesday to increase our capacity but we couldn’t get the servers up in time to process the trades for Thursday.  Luckily, we get the new servers on Thursday night and trades were processed normally on Friday.  The site should be back to normal from now on.

Phuc, Co-Founder and CTO

UpDown bans short-selling of financial stocks in line with SEC

Friday, September 19th, 2008

The SEC prohibits short selling of 799 financial stocks in order to strengthen investor confidence – and so does UpDown.com.

The list of stocks that cannot be shorted can be found here.

According to a press release issued by the SEC this morning, SEC Chairman Christopher Cox said, “The Commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets. The emergency order temporarily banning short selling of financial stocks will restore equilibrium to markets. This action, which would not be necessary in a well-functioning market, is temporary in nature and part of the comprehensive set of steps being taken by the Federal Reserve, the Treasury, and the Congress.”

We’ll keep you posted on any changes regarding these restrictions.

Michael

Important Notice

Thursday, September 18th, 2008

We are having problems with our trading system.

All trades will be executed properly, but may take hours to show up on the site.

Please do not cancel trades in order to have them placed. This will just cause your trade to execute at a new price and for the trade to take even longer to go through.

Also, we do not recommend any day trading strategies until we clear up this problem.

We hope to have this problem resolved by the end of the day.

Sorry about this.

purchase office 2010 standard

The UpDown Team

Bailout Capitalism

Wednesday, September 17th, 2008

Just when we thought the government had said, “Enough is enough,” it goes and takes over AIG in an $85 billion bailout. What does this mean for our financial system and capitalism in general? To begin to answer this question, check out this discussion on “bailout capitalism” from Seeking Alpha.

buy mac mountain lion online

Brendan

UpDown Team

Pending Trades Issues

Tuesday, September 16th, 2008

Hi Everyone,

As I’m sure you have noticed, our trading system is running behind. Your trades are pending and executing much later than they should. Delays like this happen most often in the first or last few minutes of trading when we have a ton of orders at once, just like we did yesterday following Black Monday on Wall Street.

These delays are inexcusable and we are working as hard as we can to fix them. In the meantime, please keep in mind that even if the system is delayed, your trade still executes at the correct price, and canceling and re-entering trades will only delay your trade further.

microsoft software Visio 2003

Please let me know if you have any questions.

Regards,

Brendan

UpDown Team

brendan@updown.com

The Fall Contest Has Begun!

Monday, September 15th, 2008

What a day to start the contest! As dark as today was for Wall Street, there were many great investors who still found a way to make a lot of money. Here are the students who best navigated this stormy day:

Powered by UpDown logo

Black Monday

Monday, September 15th, 2008

Lehman is bankrupt. Merrill is sold. What’s next? Check out the front page of The Wall Street Journal, if you haven’t done so already, to stay updated on everything happening on this most anxious of Monday mornings as the US financial system is “shaken to its core.”

buy microsoft office 2010 professional product key

Brendan

UpDown Team

Article on Summer Contest Winner

Friday, September 12th, 2008

Check out the article in The Notre Dame Observer about the winner of The Summer 2008 $10,000 Student Contest, Notre Dame senior YowcephH.

how to reverse diabetes

He has also jumped into second place in The Official UpDown Q3 2008 Contest. Do you think he can make it two-for-two?

The UpDown Team