Last post on Apr 04, 2008 at 12:13 PM
You are in the Car Stock Exchange
What is this discussion about?
#21 of 30 Re: Just didn't get it [supra4]
Mar 16, 2008 (8:44 am)
Thanks! I've been waiting for the Tiguan too!! Both CSX and LIVE!! Maybe I'll win that wii!! Or PS3 + GT5 infuture!!!!!!
Quick question after reading; Better to buy cheap and keep or buy cheap and sell high? Easy way to explain shorting?
#22 of 30 Re: Just didn't get it [autoboy16]
Mar 16, 2008 (4:48 pm)
your return is higher when short rather than buying.. IPO is also mad cash making.. i was around +400% on tuesday before IPO (at that time #1 person was around +1000%).. read the shorting discussion forum, they explain fiarly well why short will make you more money than buying.
#23 of 30 I don't get it...
Apr 04, 2008 (7:17 am)
How am I gaining money if the price of a particular stock goes down? That's Bass Ackwards!!! This is s'posed to work just like the real stock exchange right??? For instance, if I buy 10 shares of stock XYZ at $10.00/share, that's $100.00 total. If the stock price goes up to $12.00/share, I make a gain of $20.00, right? ($12.00 - $10.00) x (10 shares) = $20.00. Instead what I've been seeing are when the price of a share goes down I make a gain of the respective difference times the number of shares I have. This seem like we're playing in bizarro world, where up is down and left is right!!!
Also when I want to buy share XYZ at the listed price per share, and type in the amount of shares I wanna buy, on the next screen it changes the original list price to the estimated price per share. That becomes the price I actually per share. WTF!!! This price, I'm assuming could either be higher or lower then the list price (so far it's been higher for me), but it seems unfair. Why am I paying a different amount per share than what is listed???
#25 of 30 Re: I don't get it... [dhena]
Apr 04, 2008 (8:00 am)
There can certainly be a change in price from when you initiate the transaction to the time you complete it. You and other traders are influencing price even as you are trading. We will eventually clean up the Trade pages to make this more obvious so that you can see the ACTUAL COST before you click on "confirm" on each trade.
CSX Game Supervisor
#26 of 30 Re: I don't get it... [mikedrud]
Apr 04, 2008 (8:03 am)
Although this might be hard to achieve, we do need a market limit buy/sell option.
#27 of 30 Re: I don't get it... [chung]
Apr 04, 2008 (8:24 am)
This is in our plan. I definitely see it as a necessity. May timeline on this. Perhaps as late as June with some other changes we are scheduling as I type this.
#28 of 30 Stock price calculation
Apr 04, 2008 (10:07 am)
Mike, would it be possible to tell us briefly how the stock price are calculated (high level I guess)? In other word, what influence the stock price? Number of players? Number of stock/short position players have? volume traded?
It seems like the stock price has more volatility after many high wealth player can't no longer trade. This seems weird because I previously thought it was high wealth traders who were moving the stock price with high volatility.
#29 of 30 Re: Stock price calculation [chung]
Apr 04, 2008 (11:49 am)
The stocks move according to "lot sizes". When a certain number of shares are traded in one direction (buys), the stock then moves a certain percentage.
For example, for every 2,000 shares that move in one direction, a stock may increase by $0.46/share (just a theoretical example). We have adjusted that over time to make the movement a little less volatile, and we may revisit it so that stocks do not jump so dramatically with each batch trade, etc.
Does this makes sense?
CSX Game Supervisor
#30 of 30 Re: Stock price calculation [mikedrud]
Apr 04, 2008 (12:13 pm)
This was exactly what I was looking for and it matches with my assumption. Thanks, Mike