HSX Forum

Movies

Reply Topic List All Forums

Explained what's wrong in my post, simple enough to correct, Admin's choice, explaining robust system again

Posted by: Tallwonder on Apr 19, 08:34 in response to Antibody's post That's how any market works, movements determined by...

Have written in the past that the only fair system (& mirroring actual stock markets) is one where either there's no price movement pre-IPO or if grey market premiums are to be factored in (ie people on avg willing to buy/sell at a certain price higher/lower than IPO price) then it should work equally both ways ie
1 - ONLY if the volume of preIPO Buys exceeds IPO qty does the price start moving Above IPO price pre-IPO time (& it shouldn't go below it unless people switching their Buy orders to Sell takes preIPO volume Below IPO qty) AND THEN
2 - ONLY if the volume of preIPO Sells exceeds IPO qty (no proviso for this currently in HSX) does the price start moving Below IPO price pre-IPO time (happens with many lower price IPOs but price doesn't go down currently when this occurs so latter part of point regarding price moving in opposite direction only when Sell volume falls lower subsequently to IPO volume is not relevant as on date)

Allowing price movement in EITHER direction (vs only upward) preIPO time once IPO volume has been fully subscribed is a loophole in the system which cheats those who subscribed (inadvertently am sure, thus this can/should be set right). It also allows anyone who may want to game the system to do so. Today the price went 3c below IPO price ~20min pre-IPO time though the Buys were ~30.45m (IPO vol 30m) & the Sells ~1.6m (the last 400k-500k no doubt post 30m+ buy volume which opened the price for movement, causing the fall). I saved a screenshot so have the numbers but thats easily verifiable by anyone with access to system logs/info (from the part also used to build the graphs for individual stock pages).

The lack of robustness of the system has been laid threadbare today Tallwonder Apr 18, 23:22

The system enables it. The people (if more than one) intentionally gaming that system are also an essential element of this problem. {nm} SenJohnBlutarsky Apr 19, 00:11

NOTE: If you have EVIDENCE of CHEATING (GAMING THE SYSTEM), please Forward that EVIDENCE of CHEATING to HSX Management IMMEDIATELY. {nm} Captain Obvious Apr 19, 00:21

** This post has been removed by the forum moderator! ** SenJohnBlutarsky Apr 19, 08:39

No personal attacks. {nm} Antibody Apr 19, 11:07

maybe I'm playing the game wrong... WeAreTeamDemo Apr 19, 06:17

There are different ways to play the game... TheWeekendWarrior Apr 19, 07:26

That's how any market works, movements determined by trading activity. Antibody Apr 19, 07:13

Explained what's wrong in my post, simple enough to correct, Admin's choice, explaining robust system again Tallwonder Apr 19, 08:34

Please Explain how this GAMING THE SYSTEM NONSENSE Works. You seem to get Bent-Out-Of-Shape when a Price goes DOWN due to Trading Activity. {nm} Captain Obvious Apr 19, 08:40

Coordinated trading (market manipulation), for starters SenJohnBlutarsky Apr 19, 09:19

NOTE: If you have EVIDENCE of COORDINATED TRADING (MARKET MANIPULATION), please Forward that EVIDENCE to HSX Management IMMEDIATELY. {nm} Captain Obvious Apr 19, 10:47