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Car Stock Exchange CSX Game play questions
65 messages, Last post on Apr 29, 2008 at 8:15 AM
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Replying to: supra4 (Feb 28, 2008 10:02 am) I remember people voted for the XBox360 at like 50 bucks or something low like that. Amazon received so many hits that day that it bogged down the server. Think of what a compelling prize can do for traffic. |
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Replying to: trjnflip (Feb 28, 2008 9:55 am) Thanks for the suggestion. Mike CSX Game Supervisor |
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i bought corolla short stock and i dont know what to do??? help
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Replying to: tunercars (Feb 28, 2008 2:03 pm)
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Replying to: xed (Feb 28, 2008 2:20 pm) |
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Can someone please explain why the Short sale price is only about 1/3 to 1/4 of the buy price?
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Replying to: 3ertouring (Feb 29, 2008 2:31 pm) Shorting In the CSX game, the “short” transaction is difficult to understand at first, so we’d like to provide everyone some help. Let’s say I decide to short a stock. I see a vehicle stock at $85 a share and think the CSX players have it overvalued. I go to the vehicle’s stock page (i.e., BMW M3 stock page: http://csx.edmunds.com/Main.php?do=individual_stock&stock=M3). I scroll down the page to the “Trade” button and click on it. On the Trade page I see the stock is now at $83.75, so I really want to complete my short transaction right away (it's moving down as I navigate!). I choose “short” and specify 1,000 shares. I click “submit trade” and then confirm the trade to make it go through the system. However, now I notice that my short values the stock at $82.20 a share. The stock continues to move down based on my trade and the trades-in-progress of other users. That’s why you might see a change in price at this point. To see the effect of this short, go to your Portfolio page. Look for two details there to help explain what just occurred and where you stand: 1. Look under “My Stocks,” where you will see a list of your current holdings. You should see the short there. Price column – the current price of the stock Shares – in parentheses for shorts (as opposed to buys) Value – this is NOT the value at which you shorted the stock. Instead, it is the current value of your short position – based on activity that has happened since you processed your short transaction. You will be up or down since you confirmed your trade Net Gain/Loss – how much you’ve made or lost so far on this transaction based on the most up-to-date price of the vehicle stock 2. Look under “Transactions” on this same Portfolio page (this is what confuses some players) You will see the short transaction listed there, but you will see different data. Here’s what it means: Price – this is not the same as the price you shorted the stock at. This price is the inverse of that price and it represents the minimum cost of the transaction. Why is there a cost? Let’s look at the next column to help explain why. Total – this is the maximum amount you could lose should the stock suddenly take off and leave you in a tough position. In other words, we want to protect players from chaotic market trends, where stocks go up and down in sudden and even irrational bursts. Even if the stock goes up by 2000%, you won’t lose 2000%. You will lose a limited amount – the amount you see in the “Total" column. The Transactions record simply shows you the maximum amount you could lose on the short. It's a short model with limits set in to keep the market a little more stable and to protect players. There is some more math behind this, but hopefully my above explanation helps clear up the Short transaction. Best, Mike CSX Game Supervisor
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Replying to: Sylvia (Feb 27, 2008 7:30 pm)
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Replying to: mikedrud (Feb 29, 2008 2:40 pm) Downside projection on a short sale...that's a clever idea. Wish the NYSE and NASDAQ offered that feature as well.....hahah!
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Replying to: mburleigh (Feb 29, 2008 5:40 pm) |
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