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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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Could someone give me a very brief summary explaining what to do, and what not to do in this game? I'm a novice, so I need all the help I can get. For example, I'm not sure how many stocks I should be buying, when to buy, when to sell, etc. Thanks 
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Folks, Mikedrud isn't a csx game supervisor. If he was the word "Staff" would be next to his name in red letters. For proof, reference post #1 in this thread.
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Replying to: goglowplug (Mar 01, 2008 10:47 pm)
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Replying to: louiswei (Mar 01, 2008 11:56 pm)
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Replying to: louiswei (Mar 01, 2008 11:56 pm) I understand your concern that I could be a user posing at a game supervisor, but I really am the manager working on this product. Thanks, Mike CSX Game Supervisor
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Replying to: gtrracer (Mar 02, 2008 5:51 am) Thanks, Mike CSX Game Supervisor
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Replying to: mikedrud (Mar 02, 2008 8:25 am) |
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Replying to: mikedrud (Mar 02, 2008 8:26 am) 
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Replying to: gtrracer (Mar 02, 2008 8:52 am) I can't really say what your strategy should be since the game is so new. We are just discovering how people are playing, and different strategies are emerging. Some people have shorted stocks, knowing that monthly vehicle sales figures could show that some stocks are overvalued, which could lead to a market correction (downturn in prices). Thus, the shorting strategy. Others are competing vigorously for the monthly prize. In an effort to maximize their net gain, they are actively trading each day, buying stocks, then selling them back, then re-buying when they see the stocks drop, hoping that their purchases may help drive prices right back up again in the short term. Some players are taking a long approach, hoping that stocks will drop significantly in a few months when sales figures from several months show the "true" value of stocks. They concede that they won't win this month or next month's prizes, because their percentage gain in the short term won't be good. But they want to be competitive later, so they are willing to be patient now. Honestly, I think being an active trader now is good. Buying in and watching the stocks each day can help you get a gauge of the patterns that are emerging in the market, and you can take short term gains and hope to buy/short more stocks for a longer term payoff. I myself am playing and find it as challenging as the rest of you. The prices are more reflective of enthusiasm for trading or enthusiasm for certain vehicles than reflective of vehicle sales in the U.S. market. I think that's just fine, because enthusiasm or the lack of it is a big factor in real markets too. Sorry I can't be more definite in my response. I hope this helps in some way, at least. Best, Mike CSX Game Supervisor |
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From what I gather, pricing is determined by a formula taking the current price and fluctuating the buy or sell prices based on the amount of shares desired. I think a big problem is there is too much money and not enough production ($1 million x 2600 members = $2.6 billion; yet total production for all vehicles might be 500,000). Now, take a low production model, say the Clubman, at est 4,500 sales. If the asking price is $4 and I want to buy, any purchase I make is going to push the value over the limit. It seems to me that the game is eventually going to end up a balancing act between buyers and shorters. To eliminate this, a limit ability would have to be implemented. Speaking of shorters, what happens to them when a stock is retired? Are they negatively compensated for the final production price? Also, could the game get a volume index? I'd love to see just how many Corolla shares are being traded daily. Also, I just noticed the sell price for my 40 Corolla shares is $0 while the buy price is $537. Yikes!
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