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Part 3...The IPO....Let's give it a chance before griping.. (Actually now that I think of it, it could bring back the Horn of Gondor)
As DMac/Antibody has posted, the actual number of shares will vary. So I would assume that some Indy Bollywood movie with an IPO of 2 may have a smaller number of shares necessary to be sold rather than the Saturday blockbuster.
But we can all see that it encourages rapid participation. Has anyone reading this post forgot, or was unable to do the IPO one day and had a differnent price the next day? Sometimes you win, sometimes you lose. This will be the same, only earlier.
As to the time of day, well 9AM Pacific is 12Noon in the East, Morning in the Flyover states, Dinnertime in Europe, and Midnight or so in Japan/Australia. I am going to assume that whover drafter this rule tried to come up with an equitable time. You cannot be like American Idol and have a rolling time to call in. I could be registered in New York, but be in vacation in Hawaii. No way to enforce a different time. Considering that I do not stay up to play at reset, I love the Midnight PDT, 3AM East, as most people in the US are not awake.
It needs to be played out....i would suggest that players post the time that the price moves on the Movie board so we can see how it is going. If there is a 6 hour window, I think everyone would live with it. If it is 3 hours, harder. If it is like Springsteen tickets....well maybe they will add another show.
Finally, as one who used to bottom feed, especially when whe had the almost minute to minute graphs at hsbr, and you could bounce between .06 and .19 constantly, the .02 is going to stop some, but not all of the speculative reversals of the penny stocks.
Then again, a long time ago, I learned that if you had to cry about commission, then it was not worth doing the trade. If the Stock is .04 and you really want to buy, go ahead. But it means that securities at .02 or less, just don't short or liquidate.
Will these be the final changes? I doubt it. Are they controversial? You betcha. Am I asking and answering my own questions? Oh God...I am turning into Glen Beck.
But I know that we have to give them a chance before we trash them. I will give the folks at Cantor-Fitzgerald the credit for trying to get back to the core reason for HSX, which, after all, is a giant opinion poll, disguised as a game.
My H$.02 with respect to the announcement Nov 20, 07:18
part 2.. Nov 20, 07:34
Part 3...The IPO....Let's give it a chance before griping.. (Actually now that I think of it, it could bring back the Horn of Gondor) Nov 20, 07:51
BTW, you realize that you will be charged a minimum of 2 cents commission on that 2 cent opinion, right? :) {nm} Nov 20, 11:09
Worth every Hpenny {nm} Nov 20, 15:36
then, why not have no halt and adjust at all? serious question. i see no problem with that Nov 21, 21:48
