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3 Million Wii in US
3 Million Wii in US
Nintendo - January 5, 2009
Submitted by apujanata (14935) at 4:39PM PST on January 5, 2010
Nintendo estimates that December sales in the United States will exceed 3 million units. Nintendo estimates that lifetime U.S. sales of New Super Mario Bros.™ Wii are approaching 4 million.
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1@zeromous,
Gee, thanks for the sarcasm and name calling. If only you posted the detailed explanation in your second post in your first post, people will know what you think and can respond / discuss things with you.
I didn't post the message to laugh at you. I am just sharing that everyone, including you and me, can have big losses from incorrect investment, like I had in the past for PS3 short.
Your complain that there is no REAL bids (other than market maker) is only because no other player thinks that the price is significantly out of whack so that he is willing to put a bid order. Of course, simEx are also having much less player, which meant "wisdom of crowd" is having a tiny bit problem with smaller crowd means smaller different opinion.
Getting back to past experience, I don't get what is different in the last six months compared to the "old time". Isn't it always the fact that if you make a wrong bet, you will always have difficulty getting out of it, especially once the market moved against your investment, and you can only get out after making a bit losses ?
What do you mean with "automatic bids stop scaling" ?[ Oracle ] [ Level 30 ] [ Rank: 14935 ]bids
1@apujanata,
Of course I'm not happy with my short you arrogant twit.
But that's not the problem, the problem is you cannot take a new position after you've lost a ton of money.
The algorithm has tweaked over the last 6 months, to ensure that if you buy up a lot of stock, the Bids do not increase accordingly after about 500k.
There is no way to insulate yourself against further loss, or to hedge except for to place bids long in advance.
1) Because there are actually few players playing there are no REAL bids to take the place of automatic bids
2) When automatic bids stop scaling, you cannot sell back to the market at a higher price, ensuring loss.
3) You can avoid this by ensuring you never buy up more than 500k on shorts, but if losses mount, you are forced into further loss, either by buying up artificially low bids, or
4) This did not used to happen on TSE, so modifications have been made which are favorable to no one but "the house", hence my carny comment.
But yeah, I'm not surprised you think I'd be pissed about some petty losses, but after taking a bunch of these hits its pretty clear that this game is imbalanced and a waste of time.
I mean, it's not like I come here for your personality apujanata.[ Veteran ] [ Level 21 ] [ Rank: 878 ]bids
1@zeromous,
What's wrong ? You are not happy with your Wii and NDS future short ?
I lost significant money shorting PS3 in Sept (700K), August (400K), but I still get lots of profit in my other shorts and longs.[ Oracle ] [ Level 30 ] [ Rank: 14935 ]bids
1@apujanata,
Have a nice life TSE. This "game" is bull shit.
It's like playing games at a carnival.[ Veteran ] [ Level 21 ] [ Rank: 878 ]bids
1A little bit fun fact :
Yesterday's # of stock transaction for Wii Dec Future is : 101,507, while the LTD # of it's stock transaction is 380,135. This mean that 26.7% of stock transaction are done yesterday. Total worth of yesterday's transaction are more than 24,134,840 DKP (24 Million DKP), using the beginning of the day as price multiplier.
Yesterday's # of stock transaction for NBSMB Wii Dec Future is : 57,605, while the LTD # of it's stock transaction is 277,111. This mean that 20.8% of stock transaction are done yesterday. Total worth of yesterday's transaction are more than 10,563,804 DKP (10 Million DKP), using the beginning of the day as price multiplier.
I wonder who are increasing their NSMB Wii and Wii Dec Futures yesterday. I know that I didn't buy any Wii futures, and I sell some of my NSMB Wii Futures (since I didn't know about this news at that time).[ Oracle ] [ Level 30 ] [ Rank: 14935 ]bids
1@apujanata,
If only I knew about this info before I sold my NSMB Wii Dec Futures :(
Luckily, I still hold onto my Dec Wii futures, since I believed that 3 Million is a very distant possibilities. I originally thought 2.5 - 2.7 Million is a much more reasonable estimate, since 3 Million meant breaking US December record.[ Oracle ] [ Level 30 ] [ Rank: 14935 ]bids
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About Us - The simExchange is the video game stock market and the source
for video game sales forecasts.
1
not only that.
Nintendo DS 3.31M (I expected this, but not 100% sure)
NEW SUPER MARIO BROS. WII WII NINTENDO OF AMERICA Nov-09 2.82M (way better than my expectation. I am sorry that I cleared up my significant long on this on the 2.1 Million price point)
WII FIT PLUS* WII NINTENDO OF AMERICA Oct-09 2.41M (way better than I expected)
WII SPORTS RESORT W/ WII MOTION PLUS* WII NINTENDO OF AMERICA Jul-09 1.79M (way better than I expected. Missed opportunity for me).
I am getting significant profit from my 29K stock of Wii H/W and 14K stock of NDS H/W.