Sorry If i assumed that, because thats what I would do, if I would have your kind of "money" to my disposal.
The thing is, why should I buy from an open order in Phase 1 if I get it cheaper in phase 2? Even if I think I make a win out of open at phase 1 I wouldn't do it, because I can make a higher win if I wait for phase 2 or shortly after that.
Lets make an example: Lets say game X has the highest buy order at 15 and the lowest sell order at 35 dkp. I'm willing to invest a million DKP or arround 50000 shares. I think the game would do 50dkp. I can now buy in phase 1 and lose automaticly money (for the time being) in phase 2. Or I can wait, buying at aprox. 25k at phase 2 worth of 200 thousand DKP, wait that phase 2 ends buy it up with another 800 thousand DKP to 28-29 DKP. If I take the open orders, I'll buy them at 35 DKP averaged, otherwise at 28 DKP. Thats why I don't do Phase 1, I make more money otherwise.
Yes I say people with money have an advantage, did I say it is bad to use it? No! Those are the rules of the game we are in, and I would do it if I would have too much money not invested. That advantage could go away to some degree with a closed IPO system, depends on how it is implemented, it could also be a even higher advantage.
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Sorry If i assumed that, because thats what I would do, if I would have your kind of "money" to my disposal.
The thing is, why should I buy from an open order in Phase 1 if I get it cheaper in phase 2? Even if I think I make a win out of open at phase 1 I wouldn't do it, because I can make a higher win if I wait for phase 2 or shortly after that.
Lets make an example: Lets say game X has the highest buy order at 15 and the lowest sell order at 35 dkp. I'm willing to invest a million DKP or arround 50000 shares. I think the game would do 50dkp. I can now buy in phase 1 and lose automaticly money (for the time being) in phase 2. Or I can wait, buying at aprox. 25k at phase 2 worth of 200 thousand DKP, wait that phase 2 ends buy it up with another 800 thousand DKP to 28-29 DKP. If I take the open orders, I'll buy them at 35 DKP averaged, otherwise at 28 DKP. Thats why I don't do Phase 1, I make more money otherwise.
Yes I say people with money have an advantage, did I say it is bad to use it? No! Those are the rules of the game we are in, and I would do it if I would have too much money not invested. That advantage could go away to some degree with a closed IPO system, depends on how it is implemented, it could also be a even higher advantage.