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Extremely Confused

30 messages, Last post on Apr 04, 2008 at 12:13 PM

You are in the Car Stock Exchange Forum.

What is this discussion about? Future Vehicle

Outline

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#16 of 30 Re: Futures [yuant] by comp386 Mar 14, 2008 (11:34 am)
Replying to: yuant (Mar 14, 2008 11:27 am) This game at this point involves no skill. What skillful person would predict that sales for a vehicles exceeds the reasonable product output for that vehicles? What skillful person would predict that others would engage in this irrational behaviour? Replies to this message: auditt311 (Mar 14, 2008 11:50 am)
#17 of 30 Re: Futures [comp386] by auditt311 Mar 14, 2008 (11:50 am)
Replying to: comp386 (Mar 14, 2008 11:34 am) Skill is most definitely not the correct word for your argument Comp386. Perhaps "Sanity" would fit better, because I can guarantee you that it requires skill to make money in a market that does not make sense or adjust as a result of rational thought.
#18 of 30 Re: Futures [yuant] by supra4 Mar 14, 2008 (12:22 pm)
Replying to: yuant (Mar 14, 2008 11:27 am) Information on actual sales is a fairly recent addition. I do not see much rhyme or reason for the current resting place of stock values. When this game began the "cool cars" (evo/m3/wrx) had the highest prices despite the fact that they usually had the lowest projected sales. Then most of the stocks reached their price caps. Next the majority of players became aware of the 1/1000 ratio of stock value to prospective car sales. Initially this realization lowered the cool cars and raised the high volume cars but was quickly followed by a market freefall. Many thought this fall would continue until stocks found their real value, however a buy back occurred leaving stocks at their current level (around 70$). I think the current relative consistency is due to: People quitting the game without selling their stocks, day traders making profits off any fluctuation in stock value, new players, and an irrational consensus of a stock’s value. For example: the RL has a significantly lower value then many cars less exciting (Sonata/Astra...) and cars with a prospected lower volume of sales(IS f/M3...). I believe the value of cars stock is composed of many factors and at varying degrees but because of their arbitrary nature it is impossible to make rational predictions. Info on the actual sales of vehicles is recent but as of yet has not made an impact on the market.
#19 of 30 Just didn't get it by autoboy16 Mar 16, 2008 (6:29 am)
I just sold all my stocks. It just didn't work out for me which sucked because I really wanted that wii for the new smash bros Brawl game. Anywho, I sold my stocks. I started off buying 5-20 stocks in 10different cars. My %change was grew to a max of 7%. I made about $100. So i figured to get more money, I bought more stocks. I bought an even 1k stocks in every car I held a stock with except the overly overpriced corolla. At first all was good because by noon, Each car made about $8k but at 1pm, It dropped faster than a person who found a $100 bill on the ground! All had a net gain of about -$8K. My %change dropped from 7% to .67% to now -.78%. My overall rank started at 430, dropped to 320 with the 5-20stocks, rose to really high like past 1500 with the 1000. After selling everything, it dropped to 1388. The main reason I quit was after seeing the leaders 1810.53%change, and a profit of 19,*,* compared to my dismal high of 7% and max money being 1,036,514.00, I just lost hope. My current overall rank, 738. I just have a short on the corolla now and its currently negative. I'll start buying again either when prices fall or when more vehicles are available and i read all the directions/ instructions/ rules and regs/ etc 1st. -Cj Replies to this message: supra4 (Mar 16, 2008 8:18 am) autoboy16 (Mar 16, 2008 8:44 am) chung (Mar 16, 2008 4:48 pm)
#20 of 30 Re: Just didn't get it [autoboy16] by supra4 Mar 16, 2008 (8:18 am)
Replying to: autoboy16 (Mar 16, 2008 6:29 am) CJ keep yourself liquid and buy alot of VW Tiguan on the 18th you will be back in it. Replies to this message: autoboy16 (Mar 16, 2008 8:44 am) chung (Mar 16, 2008 4:48 pm)
#21 of 30 Re: Just didn't get it [supra4] by autoboy16 Mar 16, 2008 (8:44 am)
Replying to: supra4 (Mar 16, 2008 8:18 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? -Cj Replies to this message: chung (Mar 16, 2008 4:48 pm)
#22 of 30 Re: Just didn't get it [autoboy16] by chung Mar 16, 2008 (4:48 pm)
Replying to: autoboy16 (Mar 16, 2008 8:44 am) 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. good luck!
#23 of 30 I don't get it... by dhena 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??? Replies to this message: mikedrud (Apr 04, 2008 8:00 am) chung (Apr 04, 2008 8:03 am) mikedrud (Apr 04, 2008 8:24 am)
#25 of 30 Re: I don't get it... [dhena] by mikedrud Apr 04, 2008 (8:00 am)
Replying to: dhena (Apr 04, 2008 7:17 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. Thanks, Mike CSX Game Supervisor Replies to this message: chung (Apr 04, 2008 8:03 am) mikedrud (Apr 04, 2008 8:24 am)

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