- #174 of 242
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Re: Confirmed [chung]
by mikedrud
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Apr 16, 2008 (8:01 am)
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Replying to: chung (Apr 16, 2008 6:31 am)
We are still looking into this issue, but I think "chung" is spot on about it. When it comes to relatively small profits per share, it can be tough to pull in a profit (unless you have a huge amount of shares).
One change we hope to have live by May 5 is to have the Trade Confirm page let you know what price you are selling/buy a stock (not just estimated) to help you see in advance what will happen if you buy/sell a certain number of shares of any stock.
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- #175 of 242
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Re: Confirmed [chung]
by driverdm
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Apr 16, 2008 (8:47 pm)
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Replying to: chung (Apr 16, 2008 6:31 am)
I don't know. I have been holding Tiguan shares for weeks now. Others have traded the stock. It is at $47.50 currently but if I try to buy 1 share, the estimated price..get this.. is $51.25 and it hasn't moved from that point for a while so others aren't influencing. That is a $3.75 move which in this market is extremely significant. If you get that type of bounce, you can go from a good gain to a good lose. It just seems like there are too many instances of this for it all to be calculating accurately. I was able to get out of my Infiniti FX stocks today, after about a week of seeing wild fluctuations between last trade price and estimated transaction price. Something is a foot.
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- #176 of 242
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Re: Confirmed [driverdm]
by mikedrud
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Apr 17, 2008 (7:12 am)
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Replying to: driverdm (Apr 16, 2008 8:47 pm)
That is interesting. This morning I bought 1 share of VW Tiguan. It was at $50/share when I began the transaction. I got it for $50/share, because it looks like there was no other movement on the stock and I must have caught it early in the next lot size (the increment it takes to move a stock in either direction).
Mike
CSX Game Supervisor
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- #177 of 242
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Re: Confirmed [driverdm]
by chung
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Apr 17, 2008 (8:16 am)
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Replying to: driverdm (Apr 16, 2008 8:47 pm)
I am not trying to defend the CSX.. but I make over 60 transitions everyday but never saw such thing.. I sometimes make several 1 share trades to stimulate other players to initiate the trades but it always resulted one price fluctuation... are you sure the volume traded did not change from the point you check the price and confirmation page? Someone might have traded in between.
However, as the players accumulate more wealth it might be beneficial to reduce the price fluctuation per batch.. like rather than $1.25 change per, lets say 2000 shares, why not reduce the impact into $0.75. This will reduce the benefit of crazy day trading...
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- #178 of 242
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Re: Confirmed [chung]
by mikedrud
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Apr 17, 2008 (8:30 am)
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Replying to: chung (Apr 17, 2008 8:16 am)
We have to do a more thorough analysis of the impact of the lot sizes. Originally, the lot sizes were smaller and we changed it to make the movement less substantial.
One of the main issues is the amount of $$$ CSX players have relative to the number of stocks available, so it can be difficult to prevent some wild fluctuations. But we may yet again tweak things based on this kind of feedback and the concerns various players have voiced over the last few weeks.
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- #179 of 242
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Transaction type
by bg96
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Apr 17, 2008 (9:21 am)
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Out of my last five covers in my transaction list only one has shown up as a cover. I've had three show up as a cover/buy even though it was a straight cover. I double checked and didn't in fact buy additional shares. The other one showed as a regular buy. I know its not that big of a deal, but if I'm looking for a particular transaction it'll throw me off for a couple seconds until I realize what the transaction should have been listed as. I seem to recall this happening a few weeks ago also.
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- #180 of 242
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Re: Transaction type [bg96]
by chung
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Apr 17, 2008 (11:03 am)
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Replying to: bg96 (Apr 17, 2008 9:21 am)
This has been happening to me as well, but as bg96 says, all the numbers seemed accurate so I did bother. However, whole Corolla and F-series trading issues are still not resolved (occasionally buying or selling more shares than I entered)
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- #181 of 242
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Re: Confirmed [mikedrud]
by driverdm
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Apr 20, 2008 (2:14 pm)
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Replying to: mikedrud (Apr 17, 2008 7:12 am)
Is anyone else noticing this to be true, that there are significant swings in the last trade price and estimated price per share no matter what the quantity you purchase? I have been trying to ge tout of some stock for weeks but the price swing is too significant. In this game a swing of a couple dollars can make or break you.
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- #182 of 242
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Re: Confirmed [driverdm]
by lincman90
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Apr 21, 2008 (12:12 pm)
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Replying to: driverdm (Apr 20, 2008 2:14 pm)
I've been trying to take advantage of some swings in the market, but when I go to buy or short, the price can jump almost as much as $2.00/share, regardless if you only trade one share or thousands. It's slowing my trading down considerably. I wonder if it is because there are fewer playing, therefore, fewer transactions?
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- #183 of 242
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Re: Confirmed [lincman90]
by chung
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Apr 21, 2008 (12:47 pm)
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Replying to: lincman90 (Apr 21, 2008 12:12 pm)
I see some jumps on the price as well. However today is really quite despite being Monday, when everyone prep for tuesday IPO... maybe it is because there is only one IPO.. I am trying to reduce the number of trades I am making these days.. resisting my temptation of being day-trader..
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