HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Those trades are just happening because the stock moved a tick up at reset. Does the real stock market behave that way, too?
Sure, there's daytrading in the real stock market but if a stock increases 62% without some sort of event that inspires it, the SEC would be on it in a second trying to find out who is manipulating the stock price. The movie hit its IPO amount yesterday afternoon and then dropped immediately down 60 cents or so.. and then reset comes around and a couple traders buy it back and then it jumps up three times that amount? If there were enough people buying it to hit the 2,000,000 selling cap, then it should have kept going up even if there were more people who held it short (which was the case)... but what happened was that once it hit that cap, two or three people sold and shorted, driving it down, and I expect a similar thing happened at reset to drive it back up but even moreso. It shouldn't happen but you've created a market where one or two trades is enough to change the direction of stock movement and so greedy traders are taking advantage of it.
Shut off the XML feed during non-business hours and at reset and stuff like this will stop happening and you won't have to keep addressing the same issues over and over.
Question about LBSLD Mar 24, 10:21
I'm sorry but you're trying to use "logic" to figure out something that's illogical. Mar 24, 10:24
Only shares traded today affect the price, not shares held yesterday. Just like the real world, secrestalker. {nm} Mar 24, 10:25
Those trades are just happening because the stock moved a tick up at reset. Does the real stock market behave that way, too? Mar 24, 10:31
that horse you're beating is dead {nm} Mar 24, 10:32
I think I saw it moved so I better make sure! :) {nm} Mar 24, 10:34
They shoot horses, don't they? {nm} Mar 24, 10:44
Mmmm....horsemeat and velveeta sandwiches.... {nm} Mar 24, 10:49
LOL...trying to figure out which is worse...velveeta or horsemeat... {nm} Mar 24, 10:56
velveeta {nm} Mar 24, 11:01
Yes. It's called daytrading. The first trade also ticks the price in the real world. {nm} Mar 24, 10:35
But you have created a system that allows easier market manipulation by those who are prone to do it anyway Mar 24, 10:38
so, if the first trade doesn't move the price, which one should? Mar 24, 10:40
Volatility should be set based on the stock's price, just as it was before. Mar 24, 10:49
(And believe me, I have far better things to be doing with my time than repeatedly pointing out what should be obvious.) Mar 24, 10:53
There is difference in volatility based on the stock's price. {nm} Mar 24, 10:53
A $2 stock going up more than twice its original price after dropping 65 cents in its first day is not "minor" {nm} Mar 24, 10:59
Secret is making a fair point Mar 24, 11:13
Catzan makes a good point too Mar 24, 11:44
Honestly, not complaining Mar 24, 12:26