Last post on Sep 04, 2008 at 11:59 AM
You are in the Car Stock Exchange
What is this discussion about?
Sep 02, 2008 (1:17 pm)
If possible, I think it might be better if in the future the prices are based solely on what the online market of CSX players decides, rather than on the sales figures. Who's going to trade significantly from the IPO if the retire price will almost always be nearly identical to the IPO, and in may cases will only be $5/share or so?
#12 of 20 Re: [bradyholt]
Sep 02, 2008 (1:26 pm)
Point taken. We are looking at the game holistically to see how we can improve it. I will have more info on this soon.
I think that the game allows for a lot of day-trading and short-term profit strategies and doesn't operate as a true prediction market, and that is at the heart of the problem.
We will address this issue, because it has caused a lot of frustration among those who follow the game closely.
I am also interested to see what will happen from here on out with some stocks retiring each month too. That will also help us further improve the game.
#13 of 20 Re: [mikedrud]
Sep 02, 2008 (2:21 pm)
I just don't see it working as well as a true predictor of auto sales as just a fun game. It would become a race to see who can find the monthly-sales press release first, I think. There just isn't that much going on saleswise on the day-to-day basis to keep people engaged.
And just to note: I'd stand to do well "financially" by keeping it as is, as every last stock is overvalued based on the sales standard and my only investments are shorts.
Sep 02, 2008 (6:34 pm)
I think your assessment is accurate. The way the game is set up fosters day trading strategies if you're trying to win a monthly prize. Once I got past the arbitrary valuation of the stocks, the game turned out to be fun. I have however given up much hope of ever winning a prize because I don't usually have the time during the day to maximize my profits. I'm interested in seeing what changes y'all are cooking up.
#15 of 20 Account Reconciliations
Sep 03, 2008 (10:44 am)
On the retired stocks, will you be reconciling one at a time, or will we see everything all at once?
#16 of 20 Re: Account Reconciliations [yukonjacks]
Sep 03, 2008 (12:18 pm)
You will see everything at once. Looking at tomorrow for the change-over.
#17 of 20 Re: Account Reconciliations [mikedrud]
Sep 04, 2008 (8:11 am)
Waiting like a "Pack of Wolves" for the change-over!
#18 of 20 Re: Account Reconciliations [jab94gsr]
Sep 04, 2008 (8:33 am)
Will there be advance notice of a time we will see everything or will we need to just keep checking to see if it is done?
#19 of 20 Re: Account Reconciliations [kabrimm]
Sep 04, 2008 (8:54 am)
We are testing the changes now. Before we "change-over", I will post a note both here and on the "Stocks" page. I am anticipating today around 2:00pm - 5:00pm Pacific, but I won't commit to that until we are done with testing the new data. At the latest it will be first thing tomorrow morning.
#20 of 20 Re: Account Reconciliations [mikedrud]
Sep 04, 2008 (11:59 am)
This is going to be VERY interesting. With everybody flush with cash and no (or few) volume going to go through the roof as people try to get back in the market. I predict some IPO-type volume (and corresponding prices) on some unlikely stocks.