From 100 to 1000 #15: The game has changed
With a month and a half to go, things have really changed in the challenge. From this point on, I am looking at one thing, and one thing only- maximizing my bankroll heading into the auction. I only want players that either A). Will make me a huge bonus, and then sell well on the auction, B) Will go for more on the auction than I paid for them, or C) Just sit on a pile of cash. I want to be selling any player that has a risk of not earning what I want them to on the portfolio auction. I want my buys to only be the greatest players possible. With that in mind, lets look at my last few moves. First I sold Okafor for $15. That is a crazy cheap price, however I couldn’t pass up the easy $7 here. I then sold my newly acquired Klay Thompson for $20. I peg his value at closer to $25 or $30, but again I was trying to clear as much money as possible as quickly as possible. Next, I took advantage of the February only buybacks to sell my 4 Randle shares for $0.10 each. Believe me, I do so with tears streaming down my cheeks. Clearly Randle was a mistake, but I still think the idea behind the buy was correct- it just crashed and burned in spectacular fashion. I think it very easily could have went the other way. It’s too bad I didn’t follow my heart and go hard after my pre-season favorite David Johnson instead. That move/mistake probably cost me $50-100 in cash or forward momentum.
I currently have $39.77 sitting in the account. Honestly, with how the market is at the moment, I don’t foresee myself spending much of it at this time. I don’t see a player on the market worth risking a dive into right before the auction. The only way that will change is if a really undervalued guy is listed or if I think I can make some quality bonus money or a very quick turnaround on a player.
Some people might wonder if I am going to sell Kahwai Leonard for a small $1.50 gain. I do not feel Kahwai is priced correctly on the market. I will not consider selling him under $20. At this time I am also not considering selling Jason Kipnis, Danilo Gallinari, or Jae Crowder, though I am closer to pulling the trigger on these guys. I think $500 is out of my reach at this point, but if I am going to fail, I am going to fail with as much profit as possible!
I hope you have been enjoying my journey. I will have at least one, probably two more articles about what I am doing before the final sell off, then I will post about the final portfolio auction as well. This has been really fun for me. If you have been enjoying it please post about it in the comments so I can know to try something like this again.