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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: natew (Mar 04, 2008 1:43 pm) Sorry about any confusion. Mike |
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Here's my scenario: I short about 500 shares of the Corolla $500 a share. Then, I cover when the price falls to approx $400/share yet my portfolio shows a I am about $50k lighter, meaning the apparent profits are not going into the cash balance but being deducted from my portfolio. Can anyone explain?? The short: Toyota Corolla (CRLA) (488) $499.90 $243,950.00 03/04/2008 Short The cover: Toyota Corolla (CRLA) 488 $394.06 $192,301.80 03/04/2008 Cover So CRLA was trading at 500.10 when I shorted and my portfolio screen showed a net gain (the numbers were green) before I covered. Also, the price for CRLA didn't jump to 605.94. So what happened to the money? |
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| Whenever I try to buy/sell/short something, half the time a thing comes up and says order information missing. I was trying to short a Corolla stock for 550 and then the thing came up. Can you help me out? | |
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i think there is a problem with shorting, i shorted stock for the lexus at over 60 bucks, and it says in the portfolio i did it at 33 my transaction list: W 1 Series (1SER) 2,000 $22.93 $45,860.00 03/04/2008 Cover Nissan Murano (MURO) 2,500 $22.07 $55,187.28 03/04/2008 Cover Lexus LX 570 (LX57) (5,000) $33.36 $166,796.50 03/04/2008 Short Nissan Murano (MURO) (2,500) $22.45 $56,115.00 03/04/2008 Short BMW 1 Series (1SER) (2,000) $22.93 $45,860.00 03/04/2008 Short Honda Pilot (PILT) (1,000) $20.59 $20,590.00 03/04/2008 Short BMW M3 (M3) 3,346 $75.74 $253,437.33 03/04/2008 Sell i don't think those cars have been down in the twenties today
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Replying to: natew (Mar 04, 2008 7:32 pm) There is no problem with shorting. |
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Replying to: natew (Mar 04, 2008 7:32 pm) Shorting is difficult at first to explain, so see my post to help: http://townhall-talk.edmunds.com/WebX/.f188e73/9 It looks like you shorted the Lexus 570 at $66.64. Once you read the explanation, it will make more sense. |
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Not sure this is the place, but I'd like to propose a change to the introductory paragraph on the CSX homepage. I appreciate the info was added, but I think it may be unclear. Players guess how quickly new cars and trucks will sell in the U.S., and buy the "stocks" representing the models that they expect will sell well. The price of each stock represents the crowds' estimate of unit sales for each vehicle. This sets up the game all wrong. It fails to point out the price of the stock represents the actual number of units that will be sold in 6 months. Additionally, the very first sentence indicates I should buy something if I think it will sell well. I think many of the models listed will sell well, so you are saying I should buy them. Obviously, we know this is not the case. I suggest the following: Players guess how many of a particular new car or truck will sell in the U.S. in the first 6 months the vehicle is available for purchase. The price of each stock represents the crowds' estimate of unit sales (in thousands) for each vehicle in the first 6 months (insert example here). If you think a vehicle will sell less than the current stock price indicates, sell. If you think a vehicle will sell more than the current stock price indicates, buy.
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Replying to: qbrozen (Mar 05, 2008 10:58 am) That's very well written. I think you make a good point, and we are looking at amending the homepage text. We wanted some more generic text first (as the game just rolled out) but now we are seeing that many players understandably don't recognize how the game works. I'll probably update that text later today or tomorrow. Thanks, Mike CSX Game Supervisor |
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Replying to: qbrozen (Mar 05, 2008 10:58 am) Thanks, Mike CSX Game Supervisor |
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It appears that the share prices of all positions reset to the IPO values sometime in the last 24 hours and then corrected. I don't know if anyone capitalized on this but now the performance numbers on the Stocks screen are skewed. Most positions show a three or four digit % increase in the last 24 hours.
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Car Stock Exchange CSX Errors
