Last post on Oct 02, 2008 at 1:18 PM
You are in the Car Stock Exchange
What is this discussion about?
#14 of 23 Re: [shin107]
Oct 02, 2008 (6:38 am)
It doesn't take an extra account or any people working together to make money on this game. I would love to tell you how to make I can make such fast percentages but why would I tell you and everyone else on Edmunds? By the way, since I plan on winning in the next month or two don't you think that all of my trading will be scrutinized by the Edmunds team? I admit that I didn't read every detail of the rules when I started, and I also lost all my money when I started, so I started this account. Mike deleted the other account (audirstock) so really this whole discussion is a waste of time.
#15 of 23 Re: [audisguy]
Oct 02, 2008 (8:14 am)
To be honest, I do not see a point at arguing if a player is cheating or not without an evidence. I played this game longer than many remaining active players and read the rules word by word more than once. I saw many different kind of cheaters and most of time Mike caught them at the end of month before prizes were sent. So let's not worry too much and concentrate on trading.
In case Mike does not catch the cheater, what each individual players can provide some information regarding inconsistent transactions. Like winning 300% gain in a day is unreasonable unless there were huge IPOs. Gaining 300% for 2 hours then gains disappearing could happen by jacking up an individual stock trade. For example, someone could buy Audi TT until it reaches $80 and get 300% gain, but other players will counter that and bring back the price is $10. Therefore player's gain will not remain at 300% at the end of the day.
I hope I am not confusing anyone, but these are my 2 cents.
Oct 02, 2008 (10:25 am)
I agree, Thank you
Oct 02, 2008 (11:59 am)
To use your Audi TT example, if you sell all of your shares at once when they hit $80 before other users bring the price back down, you keep your gains. I'm sure that's what a lot of users are doing. It's market manipulation, certainly, but is that cheating?
#18 of 23 Re: [bradyholt]
Oct 02, 2008 (12:12 pm)
That example is not cheating. Simply short-term daytrading.
#19 of 23 Re: [bradyholt]
Oct 02, 2008 (12:40 pm)
Let's say person A brought up the price to $80 by buying Y number of stocks and he sells all his position when the stock hit $80. He will not get Y * $80 from the transaction. When he trades the stock, it affects the stock price, therefore he will get Y * $Z for the transaction. Z price is something Edmunds calculate use their algorithm.
Back in the days when I tested these transactions at 4Am where there was no one to counter my actions, I found out that such transaction is not profitable. Therefore although this is market manipulation, making a perception to others, it is not cheating. It is more day-trading like Mike has mentioned. Trading by yourself will not bring any profit and that is why cheaters use multi-accounts, where one account jack up the price and other one rips the benefit.
I hope this makes a little bit more clear.
#20 of 23 Re: [chung]
Oct 02, 2008 (12:47 pm)
Your example can't be counted as a cheating.
You are into this month and audisguy also?
You will see.
I don't want to waste my time on this any more.
I just want this game to be fair and clean to everybody.
chung, you'd better do real nice IPO. Your 10% gain a day won't help you, if any cheater can manipulate his 100% a day.
audisguy, good luck. If you are not cheating, I can say you are very good at this game.
#21 of 23 Re: [chung]
Oct 02, 2008 (12:50 pm)
I am still wondering how one Audi stock can be traded 600,000 volume in a day.
#22 of 23 Re: [shin107]
Oct 02, 2008 (1:04 pm)
I actually wonder the same thing. Since yesterday the trade volume are crazy. There is something going on.
Oct 02, 2008 (1:18 pm)
I am waiting for other updates (for September), but once those are in place, I will scour through the data to see what's going on here.