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Price change when confirming trade?

27 messages,  Last post on Aug 06, 2008 at 8:28 PM

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What is this discussion about? Automotive News, Future Vehicle


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#19 of 27
Re: Stock Sales [lincman90] by h4ck54w
Aug 05, 2008 (7:30 am)
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Replying to: lincman90 (Jul 25, 2008 3:33 pm)

So I see the GM adds have disappeared and been replaced with non animated edmunds adds, but the inside line pages still have them, wonder if this will help with load times and IPOs for some.
#20 of 27
Re: Stock Sales [h4ck54w] by mikedrud
Aug 05, 2008 (8:54 am)
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Replying to: h4ck54w (Aug 05, 2008 7:30 am)

I am not sure it will have any impact, but definitely let me know either way.
 
Thanks,
 
Mike
CSX Game Supervisor
#21 of 27
Re: Stock Sales [mikedrud] by h4ck54w
Aug 05, 2008 (9:24 am)
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Replying to: mikedrud (Aug 05, 2008 8:54 am)

Pages seem to load faster during normal hours, about the same during IPOs.
I waited a few to try to get in at the same time as everyone else, instead of my Kingly lightning speed. and bought a casual 10K shares just to see how the response was with different ads.
Saw AUQ7d on trade page at $8.XX, confirm page at $32.XX, and bought at about $44.XX
So seems about the same as before.
#22 of 27
Re: Stock Sales [h4ck54w] by networkguy
Aug 05, 2008 (11:25 am)
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Replying to: h4ck54w (Aug 05, 2008 9:24 am)

I saw the IPO at intro price. Hit the Buy Max button and got a page full of web server code barf. By the time I got to the trade page again, stock was in the high 40's. Bought at 28.xx, tried to confirm a sale at 34.xx, sold at about 27.xx. All in all, about the same as always.
#23 of 27
Guess I was lucky by mtrullinger
Aug 06, 2008 (8:29 am)
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This was my first ipo purchase and I was able to get a buy max of 90k shares at $2 and sold at around $32...Pure luck with timing the refreshes is my only guess.
#24 of 27
Re: Guess I was lucky [mtrullinger] by mikedrud
Aug 06, 2008 (8:41 am)
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Replying to: mtrullinger (Aug 06, 2008 8:29 am)

I think you are right and this must have contributed to your huge gains.
 
Mike
CSX Game Supervisor
#25 of 27
Re: Guess I was lucky [mikedrud] by class4u
Aug 06, 2008 (2:12 pm)
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Replying to: mikedrud (Aug 06, 2008 8:41 am)

The IPO practice of buying at such a low price ruines this game because the lucky one gets a huge gain in one trade and nulls the game for most players.
It's like a lottery, and is not fair playing an unfair game.
The IPO's here need to have an opening price based on traders average BUY price set before trading starts . Otherwise you will have to place a buy order and a price you are willing to pay before the IPO.
#26 of 27
Re: Guess I was lucky [class4u] by thegrocer
Aug 06, 2008 (6:00 pm)
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Replying to: class4u (Aug 06, 2008 2:12 pm)

This has been an issue from day one and veteran players have discussed this quite a bit with final consensus being a google style dutch auction where everyone bids and it goes for the lowest bid to everyone.
 
However, this is a "beta" and I'm sure the code to implement that is not going to appear overnight...indeed, the system maybe designed there's no easy way to do it (that's a mike question)...but this is not an open ended game, it trades on on futures and there's a definite payout at the end. I have made profit on getting lucky on the low IPO and on shorting sky high IPOs, something much easier to do. You know there's going to be a buying frenzy and the price will spike...go for the short. Especially when it's one low volume stock like today. The past week has shown prices will normalize (although there's a limit to that with the first batch because of dead/dormant accounts keeping share prices stable).
 
Yes, I got lucky on tuesday with a great price on the IPO but there's no way it would put at no. 3 after without my long-term shorts putting me in the top 100 for August. There's more than one way to play the game...but remember, there's 6500 odd players and one winner. It's a bit like a lottery to begin with.
#27 of 27
Re: Guess I was lucky [class4u] by networkguy
Aug 06, 2008 (8:28 pm)
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Replying to: class4u (Aug 06, 2008 2:12 pm)

I don't participate in every IPO anymore, mostly because of work. I like the way they're set up in the sense that this is a game. I play games to have fun. I told my wife they're the realtime component to this game. Talk about massive multiplayer online competition. I've hit a few IPO's lucky enough to make big money, It's sort of a Vegas adrenaline rush when you score big. When you don't, at least it ain't real money...

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