Last post on Jul 09, 2008 at 11:23 AM
You are in the Car Stock Exchange
What is this discussion about?
#2 of 11 Re: What happened? [h4ck54w]
Jul 07, 2008 (5:25 pm)
I'm missing everything from 7/5 thru today
#3 of 11 Re: What happened? [h4ck54w]
Jul 07, 2008 (5:33 pm)
I think I am lucky that I am not competing for prize this month.......
Jul 07, 2008 (6:07 pm)
I'm missing some transactions too, lost a fair bit of $ too.
#5 of 11 Re: [makotti]
Jul 07, 2008 (6:16 pm)
I lost about $6 mil, but hopefully I can make it up with the heavy trading on M3 and X6 right now.
#6 of 11 Re: What happened? [h4ck54w]
Jul 07, 2008 (6:26 pm)
I'm down 3+ milliion... The value of my holdings has changed...some went from gains to pretty large losses even though the stock had gone in a favorable direction. Hell, I don't even have the same number of shares and I have no cash left either. I had almost 4 mil in cash this morning. Not terribly pleased at the moment.
#7 of 11 Here's what happened today (Explanation)
Jul 07, 2008 (6:46 pm)
I'm Howard and I work with Mike here at Edmunds and I am the surrogate game monitor while Mike has taken a well deserved vacation, he will be back the week of the 20th.
Today our game host had a large server failure which caused the game to go down early in the afternoon. We had a choice of either going to a backup server or trying to fix the server that went down. The pro of going to the backup server is that the game was able to come back relatively quickly, the con is that some of the past trade transactions, as many have called out, are not recoverable. I made the decision to go with the backup server plan to get the game up as soon as possible and to make sure that the IPO tomorrow would remain on schedule. Since many of the gains are made on IPO Tuesdays, I'm hoping you guys also agree with my decsion making. For those of you who lost transactions, I am very sorry. However, since this is at the beginning of the month and the weekend was a holiday weekend and the traffic was lower than usual, I believe the gain/losses were mitigated. This condition was unforeseen and things like this on the web happen at times. However, please accept my apologies.
#8 of 11 More info on this afternoon
Jul 07, 2008 (11:44 pm)
I work for the company that provides the technology for the CSX and I wanted to add a few things to what Howard said.
First off, our apologies for the issue this afternoon. As Howard mentioned, it was the result of a very serious server crash and subsequent hardware failure. In order to bring the system back online quickly, we had to restore a previous version of the database on alternate servers. Because of this, you may have noticed that any trades that you may have made over the weekend are not in your portfolio. Essentially, the CSX market has been reverted back to the state is was in this weekend. While it's an inconvenience, (again, we apologize) it doesn't necessarily put anyone at an advantage or disadvantage since everyone was affected in the same way.
If you bought or sold stock this weekend or early Monday, you have the opportunity to trade it again or re-evaluate whether or or not you want to make that trade. The market is back up and running normally so feel free to trade away.
The CSX staff was working quickly this afternoon to bring everything back to normal operations but please post on the board if you see anything amiss. We plan to IPO tomorrow as planned but you may encounter slower than normal page loads until we repair the affected hardware.
Thanks again for your understanding. Please post back with any questions and I'll be glad to answer them.
#9 of 11 Re: More info on this afternoon [cpoint]
Jul 08, 2008 (8:19 am)
Thanks for the detailed update, guys! That's an amazing and horrible coincidence that a catastrophe like this strikes right after Mike goes on vacation. I feel your pain. I'm sure networkguy understands too.
#10 of 11 Re: More info on this afternoon [felonious]
Jul 08, 2008 (8:38 pm)
I understand the nature of the technology. It's small consolation though. I had spent quite a bit of time and effort setting up my portfolio over the holiday weekend. I was in what I considered the best position I'd ever been in with this game. Now my portfolio is in shambles. I'm stuck in several losing positions that have all my cash tied up. If I move any shares I'll just cement large losses. It's extremely frustrating. Yeah, I'll quit whining now..
Jul 09, 2008 (11:23 am)
Is the server crash the reason that the chart shows that I dropped down to having a portfolio worth -$1.00? I don't have that much $, so it seems impossible that I could have lost that much!