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Market manipulation or praying for the destruction of the HSX virtual economy?
Ok, so my question goes out to the masses. I've been playing HSX on and off since 2001. Now, with a net worth of roughly H$30b right now, obviously I'm not the most successful player out there - I believe this is because I am using conventional thinking.
The more I play, the more I notice that it seems that people make more money shorting, rather than going long on many funds/stocks etc. For instance, it is almost a sure bet if you short an IPO, you will make a profit. If we translated this behavior to "real world" investment strategy, it is my opinion that we wouldn't much of an economy left due to the fact that it seems the power players, funds and "leagues" are constantly driving the price down of an otherwise successful investment. I understand there is a time and place for shorting, but is every IPO inflated?
My question is this: Are we investing in the success of various stocks or are we investing in the failure of other players? Who knows, maybe they are synonomous.
Thanks all!
Market manipulation or praying for the destruction of the HSX virtual economy? Jan 08, 15:32
First I'm sure you mean 3B. I learned a long time ago that the general direction of most IPO;s is south, until such Jan 08, 16:22
^ What he said! {nm} Jan 08, 16:57
I looked...it is 30M, not 30B. Not much activity in 10 years. Probably a lot of buy and hold stocks. {nm} Jan 08, 17:59
Drats! I'll get more in depth, but yes I meant H$30M - (Maybe I was just being an optimist) ;) {nm} Jan 08, 18:27
HSX prices IPO's as well as they can, but Jan 09, 20:34
To your question: Both. If a stock is moving down, some traders will short it whether that makes sense or not. {nm} Jan 08, 17:21
theres a lot that that. Jan 08, 20:02
Since the highest IPO price has been H$150 while MovieStocks have delisted over H$400, not every IPO is inflated. {nm} Jan 09, 10:36
Holy smokes... not trying to be rude but only $30M in 10+ years?!?! How in the world did that happen? {nm} Jan 09, 14:29
Lots of people (including myself) where once inactive players who became active. E.g.: Jan 09, 14:46
I see. {nm} Jan 09, 14:59
Thanks for the reminder. {nm} Jan 10, 12:50
