HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
My opinion on HSX converting to Cantor Exchange...
Little by little I have been decreasing my usage here since my daughter was born (about the same time I started my business as well). I do love HSX, truly.
I have only ever played the site seriously for about a period of one year. Now I just buy on mention of news, short all limited releases within 3 or 4 months of opening and play the weekend openers. I will buy Summer/Holiday Warrants and if I am around when an occasional STV or Deadlist come to light a short is always welcome. I don't buy Starbonds because it takes too much time (though it is straight cash).
With that playing style I have managed to rank myself in the top 630 of all time and I started this game many years after it was created. Now, I am not saying that is a great accomplishment for some (many are much more serious and rightfully hold better rankings), but for as little effort as I put into HSX anymore I feel I am doing something right (imo very accurate with the openers).
I enjoy coming to the site and seeing what film comes out when, interacting with interesting people when I can and seeing if I can handicap a film by guessing the weekend take accurately based on tracking from numerous gurus on the boards.
I have seen this place go from hopping, to not, back to a level of normalcy again (though not like it used to). I think the concept is brilliant and thoroughly enjoy where it is today. I was a fan of the new site (not the orange) and I am kind of happy the commission free Saturday was ended.
Now, the Cantor Exchange, does it intrigue me? Yes. Do I think I will eventually take my developed skill from here to there and profit from it? Yes. I can afford it and why not try my hand at something I am more certain of then most anything else I do. However, I need the time to do so and that is the reason I have not begun to venture that path.
All that said, I feel if you take steps to integrate HSX into the Cantor Exchange I probably would play even less. If it ain't broke.... Seriously, some people here have made this a full time hobby. It would be a shame to end the game as we know it to (let's face it) drive interest into the Cantor Exchange. If you decide to change HSX into that type of trading style that is exactly what you're doing.
If you make the remaining traders here adapt to the new and only way of trading then what you are doing is making the drug that more accessible. Say six months go by on the new format, well you're that much more closer to getting new users on the real money Cantor Exchange. In my opinion if that move is made that is what the real goal was, to entice people to buy into the Cantor Exchange. Like it or not it is going to be hard to get (a lot) of people to trade real movie stocks in the short term and you already have a built in audience, some of whom aren't ready to buy in. This change would help them make the leap. However, it could be costly as well as dwindling interest of the site and limited funds by many could kill HSX/Cantor traffic.
I hope that you listen to the overwhelming response by the many traders here and keep HSX separate from the Cantor Exchange. You have a big decision to make, but I hope that in this case you listen to the users. That's my take.
Soliciting Feedback: What if MovieStocks no longer halt and adjust during the opening weekend of a wide release? Feb 23, 15:44
ok... Feb 23, 15:59
OP says that .OW's would halt like current moviestocks do. {nm} Feb 23, 16:01
I know. I never said otherwise. {nm} Feb 23, 16:09
So the price wouldn't change with estimates. {nm} Feb 23, 16:29
yes they would, due to trading {nm} Feb 23, 16:32
OK, gotcha, I was refferring to predictions. {nm} Feb 23, 16:34
i no like it. i enjoy the artificial instant adjust up and the free cash from obvious shorts. {nm} Feb 23, 16:16
i love this idea {nm} Feb 23, 23:21
You'd also get rid of the calls and puts, right? If you do, there won't be any more OW arbitrages. {nm} Feb 23, 16:00
I like it. {nm} Feb 23, 16:07
Does the Cantor exhange just trade securites during the hours that the North American stock exchanges are open? {nm} Feb 23, 16:09
as far as i kno its continuously active. {nm} Feb 23, 16:22
thats going to be a crazy late fri night! It would takeout some of the fun of risking 50K shares on the OW though... Feb 23, 16:15
Good point. I would probably stop playing most MovieStocks openers until at least the Friday estimates came out. Feb 23, 16:26
Yea, you'd have to raise the 10k cap to at least 20-25k {nm} Feb 23, 16:25
would it be possible to make this work while having at least some halt period? Feb 23, 16:31
Some players can't afford to play the real money game... {nm} Feb 23, 17:58
Does that mean you'll give us $50,000 REAL dollars to tell us what movie we're seeing this weekend? Feb 23, 19:57
so about the real cantor exchange Feb 25, 19:06
it's regulated like the stock exchange... Feb 25, 20:50
I like it. go for it. {nm} Feb 23, 16:18
For me, taking away the weekend adjust would be a big loss to the game. Even if they are complemented by a .OW derivative, Feb 23, 16:27
can i be in your mafia rogermore? wanna be my neighbor in petville? {nm} Feb 23, 16:34
*blocks adrenalin112 from newsfeed* {nm} Feb 23, 16:36
*pokes rogermore* {nm} Feb 23, 16:43
Forget Petville - come hug me in Pet Society instead *pokes Adrenalin* {nm} Feb 23, 18:39
what would be the incentive for players to hold a moviestock prior to its release? {nm} Feb 23, 16:33
they dont want to pay the 1% commish to sell it off. dunno... {nm} Feb 23, 16:35
None really, just wait for Friday ERC/BOM estimates and buy whichever way the wind is blowing. {nm} Feb 23, 16:38
The expectation that price will rise {nm} Feb 23, 16:41
but if small to mid range ports dont have to risk their money, they wont. and with fewer traders, less movement, right? Feb 23, 16:52
It's logical, especially for wide releases. How it is introduced will be of essence. Currently i am holding "wide" moviestocks Feb 23, 16:51
my thoughts... Feb 23, 16:55
Well, I lost that bet with myself... Feb 23, 17:47
All kidding aside, I do agree with RH said above. {nm} Feb 23, 18:06
I agree with RH also. Don't mess with the best part of the game. {nm} Feb 23, 21:12
Excellent response, Razorhawk. I agree with everything you've written. {nm} Feb 23, 17:48
100% agree... all the fun aspects that make it a game will be gone. {nm} Feb 23, 17:57
I agree with RazorHawk's IM. {nm} Feb 23, 18:37
nice nustshell Feb 23, 19:20
Well, you have to remember that the Cantor Exchange is not a game. {nm} Feb 23, 19:52
Right, but, the point is that I have more fun playing here, than I would making money there. Feb 23, 21:41
that was a good read...you've swayed my opinion as well {nm} Feb 24, 12:34
Wouldn't that take away all the play on a movie while in development? Feb 23, 17:06
I much prefer 50K stocks that halt and adjust now instead of the 10K that will halt and adjust due to this change Feb 23, 17:18
Thoughts Feb 23, 17:25
hmmm facto must be busy hammering out the biggest wiki page of all time right now as his response... {nm} Feb 23, 17:31
who me? lol :-D {nm} Feb 23, 18:17
Hmm... I'm not really a fan especially if movie stocks start behaving like CX derivatives in terms of volatility. Feb 23, 17:37
I'm easy...variety is the spice of life...go for it Feb 23, 20:15
I think CX stocks are too violatile.. let the opening movies halt as usual on weekends.. please do not take away that as well Feb 23, 20:52
Please don't do this... Feb 24, 01:27
Part of HSX's research value is that it has a DIFFERENT trading mentality to Cantor... Feb 24, 01:44
I'd probably stop playing entirely. But that's just me. Feb 24, 04:21
This is a bad idea. Takes away the fun of opening weekend {nm} Feb 24, 06:20
My opinion on HSX converting to Cantor Exchange... Feb 24, 07:17
I'm generally for anything that makes HSX mimic real markets more closely. But Feb 24, 10:38
sounds ok but... Feb 24, 18:07
if it alows you to trade 50,000 shares i'm all for it if it lets you trade 10,000 shares i'm against it {nm} Feb 28, 21:43
this sucks Mar 01, 21:26
After thinking this over for a few days I have to say no to this idea. {nm} Mar 07, 22:03