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Final Fantasy XII: Revenant Wings (DS)
at 3:47AM PST on November 2, 2007.
I have never said I was against a closed IPO system, please don't assume I am. I was just pointing out that not everybody gets screwed in Phase 1 IPO trading. And for the record I've never really made a lot in Phase 1.
However, I have played both sides of the IPO trade. I've taken open orders and have had my open orders taken by others and I've won and lost on both sides. Ultimately neither the buyer nor seller really has an advantage, after all it really just comes down to the price you get. If you bought at the right price you win, if not you lose.
It may seem like there's only really bad prices that are being put up in Phase 1 and you can only get screwed, but remember it's those poor offers which are likely to stay up on the books while the more reasonable offers disappear. Don't take those poor offers just because they're the only offers available. Set your own price or wait for a better offer, you only lose in Phase 1 if you overpaid or undersold.
Now it also seems like you're saying that people who can put up open orders have an advantage. Well that's true but that's just the power of money. If I have the free cash I can put up the open orders to try and set the price. But those advantages have less to do with the IPO process and much more to do with how much free cash I have.
I do think that a closed/blind IPO system would be interesting and more realistic but I think it would be difficult to implement and currently there would be very little to be gained in trying to work out such a system.
I think the IPO process and all it's phases are actually working quite well, although I would like to see the maximum IPO investment cap raised. Most games seem to be priced well, with relatively equal number of buyers and sellers on both sides. Also in the future as we gain more and more people here on theSimexchange and more people learn how the IPO process works the Phase 1 bid/ask spread should continue to shrink and perhaps maybe one day you'll reconsider taking open orders if the price is right.
Additionally, in an attempt to bring this thread back on topic I think the reason why there is relatively light Phase 1 trading for FFXII:RW is simply because it's a difficult title to predict. It has many advantages, it has the Final Fantasy name, it's being released on the wildly popular DS, and it's coming out during Christmas. But at the same time there are some disadvantages that will likely keep it from being a blockbuster. First it looks like just another FF spinoff and second it's not even a true turn based JRPG, it's some RTS/RPG hybrid. I'm not surprised that early traders are cautious in pricing the December futures.
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