@Sidona, There is a huge difference between this game and the real stock market. For one thing, there is an age and knowledge barrier. I'm lucky to be investing in something at my age, even just to learn basics about stock markets.
"The same holds true in the vast majority of the games we are "investing" in. Those who put in the extra time or effort get the greatest rewards (usually the ones who are up all hours of the night and morning.)"
Its unfortunate that this is a game and not the real stock market, then, and that those with the sense to spend their time wisely will be moving away from a game that demands so much time as to be compared to a market place that people make and lose millions of dollars on.
I don't know how many people here have studied economics, but an individual trying to maximize their profit is essentially helping to find the market price (the true value).
Once again, no one is making much or losing much DKP on the 3 day IPO. There really isn't that much volume traded!
@Arbiter, Sadly, I think the vast majority of the people here aren't really interested in getting an accurate IPO price. I honestly believe most of the people that trade for the IPO price are doing it soley for DKP.
I don't know if a democracy vote amonst the top 100 (which at this point thanks to Project Hammer i will never reach).
But all this 3 day IPO thing is doing is helping people either gain lots of DKP or lose lots of DKP, guess it is like a realy IPO ha!
@Butterball, I think the issue has nothing to do with the time of day of the trades but the fact that there are people who aren't paying attention to the sell price and are buying at 24,000 DKP.
This can happen at 1AM or 1PM. The only way to stop this is to teach those players to pay attention to the prices they are buying at and not to just buy a stock because they like the game regardless of the stock price. I really don't know how we accomplish that since we have been talking about this for a while and there are people still doing it. If they don't read the forum, there is no way to communicate with those people.
@Arbiter,I probably should have said the initial IPO period (3 Days), my apologies.
Your right, at the starting bell isn't the issue, it is before the Market maker is turned on. The point being the time to make the easiest margin is during the IPO when every tom, dick, and harriet are rushing to get a piece of the pie so to speak.
However, I don't understand what the focus is about the time of day people can start posting orders. I didn't start posting my orders for Brain Age 2 until right now, and I'm shorting at prices I think are too high. The price determination period goes on for 3 days. Why do people feel they need to rush and submit orders right when the site allows you to submit orders?
From this discussion it sounds like many people think the current bids are too high...why don't you take them?
I feel for what your saying pilias_simber, but to be honest that is exactly how the real stock markets work. Just because it closes, or in our case opens, at a certain time doesn't mean that the succesful people stop working. It is those who put in that extra effort who reap the rewards, Warren Buffett for example.
The same holds true in the vast majority of the games we are "investing" in. Those who put in the extra time or effort get the greatest rewards (usually the ones who are up all hours of the night and morning.)
Now yes it sucks that most of these IPO's start at ungodly hours in the morning, and yes those of us who have to work or whatever will never be as succesful or have as great profit margins as those who are able to stay up until that inital opening period. Sadly it is a fact of life and a stock market is NEVER fair, nor should it be.
So to those who make those extra DKP's during the inital opening, good for them, they are playing the way the system is meant to be played. Sucks for the rest of us, but then again welcome to life.
Well if thats the way we want the market to work then I guess all the people willing to stay up will continue to post huge gains and everyone else will just have to settle for being below these people in the rankings.
What they're doing though is in no way fixing the intended problem of poor IPO prices causing people to make huge gains because they launch at a high price, only now the only people who get to take advantage of it are people with no jobs who can stay up till 1am to post their bids.
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There is a huge difference between this game and the real stock market. For one thing, there is an age and knowledge barrier. I'm lucky to be investing in something at my age, even just to learn basics about stock markets.