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Final Fantasy XII: Revenant Wings (DS)
at 5:52AM PST on November 2, 2007.
I'm sorry but your math is difficult to follow. It seems like you automatically assume that if the current highest bid is at 15 DKP and the current lowest ask price is at 35 DKP in Phase 1 then the stock will open in Phase 2 at approximately 25 DKP which is just not always going to be true.
I can't be sure but I believe the Phase 2 price is determined by getting the mean or some average of all trades that actually went through. So all trades actually went through at 35 DKP then the Phase 2 price should be at 35 DKP regardless of the bid and ask prices. Perhaps there were even other orders that went through earlier at 40 or 45 this could cause the Phase two IPO to open up even higher.
Obviously the phase 2 price can vary a lot and if you think the current best ask price is going to be higher than what you believe the Phase 2 IPO will settle at then you are right, don't buy, wait. But what's to stop you from putting in your own bid to buy shares at 28 DKP or 25 DKP? How about 15.01 DKP? Maybe you can get in at an even better price.
All I'm saying is that trading in Phase 1 can be profitable and not every trade is a ripoff. Phase one is high risk, high reward.
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