HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
The issue is that if they're going to IPO a stock at $115 and set a limit of shares for how many can be bought at that price...
then there needs to be an upside for those who shell out the $115k in commission and $1.1 million to hold the stock. Yesterday, it sold over 40,000,000 more shares than the limit showing true demand but it barely made it up $2 before it crashed at reset and then went up again and now it's basically moving a cent at a time whenever someone trades which is ridiculous. I've probably spent $600k in commission to buy, sell, short and then buy again with no sign of ever making that money back. If the stocks are going to be IPOd based on supply/demand than the stocks should move accordingly when there is demand and not have this erratic volatility that has absolutely no consistency.
HNOV3 report... it's moved exactly 5 cents since I got up a couple hours ago... what a waste of commission. {nm} Jun 19, 05:25
u only slept for like 2 hours then? no wonder u cranky. can we go w/o any more crying please? :P {nm} Jun 19, 05:27
Oh, believe me, you haven't begun to see me cranky... I really don't care that much about it even though it is bullsh*t. {nm} Jun 19, 05:33
cheer up look at it this way: commish on a buy/sell of that ipo is only like .0006% of your port :) Jun 19, 05:40
I sent an email to DMac about this issue earlier. {nm} Jun 19, 05:43
What issue? That people play this game way too seriously??? {nm} Jun 19, 07:24
The issue is that if they're going to IPO a stock at $115 and set a limit of shares for how many can be bought at that price... Jun 19, 07:40
not 1.1M, you mean 11.5M is costs to hold the stock. {nm} Jun 19, 07:52
Well, that's even worse obviously. {nm} Jun 19, 07:59