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Car Stock Exchange CSX Errors
242 messages, Last post on Nov 03, 2008 at 6:55 AM
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Replying to: kabrimm (Aug 24, 2008 8:06 am) If you have profit on your short, I believe the buy max option takes your profit and applies it to the purchase of new shares. If you turn and sell those shares immediately, you see the original profit from covering the short. If someone had gotten in on your trade action before you sold the freshly purchased shares, you would have made more or less depending on the other players buy/short decisions.
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Replying to: networkguy (Aug 24, 2008 2:42 pm) My initial short of 5708 shares shows $212,109.28 My cover/buy of 8745 shares shows $570,786.15 My sell of 3037 shares shows $199,500.53 How do I figure out if I made or lost money on this? If I am doing it right, I think I lost myself around $159K doing what i did. What a bummer if that is true.
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Replying to: kabrimm (Aug 25, 2008 8:00 am)
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Replying to: networkguy (Aug 25, 2008 11:58 am) a short works in a very simple way, you sell first and buy later, so let us say the price is at $10, then you sell 1000 shares at $10 you should have $10000 entering your account. now if the price falls to $5 and you decide to cover, you will buy 1000 shares at $5 resulting in an outflow of $5000 from your account leaving you with a profit of $5000 easily calculated. now, if you want to allow for overleverging, ie use the shorts as a way to get more cash to buy something else, in which case you would need to set a ratio of how much cash or percentage of wealth from shorts can be used to buy stocks. otherwise, if no over leveraging, the cash from the short would no be allowed to be touched in order to purchase stocks In any case this accounting method for stocks would be very easy to use and it would make it very easy to calculated the resulting profits.
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Replying to: number2 (Aug 26, 2008 9:31 am)  500.00. The price later drops to 400.00. The number quoted on the cover transaction would be 600.00. I cover my short of 100 shares and make 10,000. That's reasonably straightforward. The issue arises when I try to cover a.k.a. buy additional shares. I enter 200 into my cover transaction. That would cover my original 100 and buy me 100. The price per share would show as some number that doesn't make a lot of sense to me. It's very difficult to determine my profit from the cover and what I paid for the new shares. |
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I was working late tonight. I checked CSX a little after midnight. Now at about 3:00 AM CDT I checked again. Millions of shares have been traded since midnight. I have just watched a couple of stocks spike and drop radically and then return to normal within seconds. Hundreds of thousand of shares just moved very quickly... and it's 3 AM Saturday morning. Very odd indeed.
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Replying to: networkguy (Aug 30, 2008 12:19 am) We'll keep an eye on transactions, though. I will looks through the logs to see what's up. Thanks for posting the message. Mike |
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I can't trade right now. I tried to short max on the Forester and it kept reloading the same page (the page that says submit trade). So I tried to sell Dodge Challenger. Same deal. When I hit submit trade, the same page keeps re-appearing. I am on IE 7.0 at home on a cable modem if you need to know that. Also, I noticed on the Forester, the retire date on the stock page says 9/30, but when you hit the trade button, it says TBD for the retire date. Lastly, the August numbers say final, but they really aren't final right? I definately didn't loose over 5 million in August. At first I thought it was backwards, but I definately didn't gain 5 million either.
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Replying to: kabrimm (Sep 08, 2008 4:38 pm) I just submitted a trade in I.E. 7 from home (with DSL). There could have been connectivity issues unrelated to the game code itself. Please try again and let me know if your problem persists. I tried a second trade (shorting max on a stock) and it went through. Sometimes the page can be slow, but it should go through. Even though this shouldn't be an issue in I.E. 7, I do recommend using Firefox for your trading. There just seem to be less bugs with that browser and CSX. Thanks, Mike CSX Game Supervisor |
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I see the Flex is scheduled to retire 1/31/09. Sales data for the first 3 months is already available. That would indicate it's supposed to retire on 11/31/08.
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