You are here: Forums Car Stock Exchange Price change when confirming trade?

Price change when confirming trade?

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

You are in the Car Stock Exchange Forum.

What is this discussion about? Automotive News, Future Vehicle

Messages Page 4 of 4 1 2 3 4 Prev Next Last

Go To Msg # Search This Discussion

#25 of 27 Re: Guess I was lucky [mikedrud] by class4u Aug 06, 2008 (2:12 pm)
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. Replies to this message: thegrocer (Aug 06, 2008 6:00 pm) networkguy (Aug 06, 2008 8:28 pm)
#26 of 27 Re: Guess I was lucky [class4u] by thegrocer Aug 06, 2008 (6:00 pm)
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)
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...

Messages Page 4 of 4 1 2 3 4 Prev Next Last

Go To Msg # Search This Discussion

You are here: Forums Car Stock Exchange Price change when confirming trade?