Friday, May 02, 2008

The virtual stock market has crashed

UpDown.com is now going on three hours into the day on Wall Street, and it still hasn't processed my trades that I scheduled for first thing this morning. I'm going to lose millions of e-dollars.


See those nice green "day change" percentages? Each of those would have gotten me about $2000. See that nice red percentage by "DAI?" That would have made me money too, and I was really excited about it, because I'd just learned last night what "short selling" means: It's how to make money on a stock that you think is going to go down instead of up.

Imagine pressing rewind and watching a documentary on Hitler so at the end of the movie he's large and in charge. Short selling is kind of like that, except you end up with retroactive profit instead of a dead führer.

Now, of course, it's a moot point. UpDown.com is paralyzed, and I'm stuck with a thousand shares of AT&T stock and a broken dream.

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