HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
In my initial reaction below, I forgot that funds "delist" and charging a commission for them on the way out is ridiculous.
I think that the delist fee is onerous and the worst idea of the bunch. At present, the 100K rules encourage lots of players to liquidate holdings to purchase more relevant stocks.
By delist commission, what categories are being referred to? What are you encouraging players to dump? In release movies? That is counter-productive. Dead projects? Dumping shorts will actually drive prices higher, making the short look even better. Developement hell? Those that get made (BBUTN or LEGND) become the stories we love to tell, of buying in real cheap and cashing out high.
I am currently the 2nd largest share holder and my 6B port has over 2.2B in cash. It will cost about 800 K to Supersize on Jan 19th so my cash would drop to about 1.4B, so a supersized, all in port is roughly 4.5B. Currently there are apporiximateley 50 ports that large, so all but 50 players will have to make choices to go all in. Another round of share limit increases (StarBonds?) will squeeze more cash out of those 50 ports. My StarBond holdings are a little under 1,2B in value. Raising the limit by 10K shares would coust 600K; raising to 30K shares 1,2B, squeezing more cash out of the UberPorts.
In all cases, ports that have virtually no cash to work with would have to make choices. Do I max out on AVAT3 and hold, or do I plow that into more active stocks that will be releasing much earlier. Do I stay with all the "Developement" and "Concept" shorts or do I wait for futher news.
It is this kind of decision making process that has players in the YTD game, or become fund managers.
But I think that the reasoning for the delist commission needs to be re-thought and spelled out better.
I assume that some of this comes from the suits, not Antibody, so I would appreciate a better explanation.
In my initial reaction below, I forgot that funds "delist" and charging a commission for them on the way out is ridiculous. Dec 21, 10:11
The Bucket List ...STVs ...Dead Delists ...RIPs? Dec 21, 12:17
Where was it announced that RIP Starbond delists are at current price? I thought they delisted at TAG. {nm} Dec 22, 00:06
They lost that Saturday trading business by getting rid of comm-free. {nm} Dec 21, 18:18
But you are using that cash to buy something else for the 3rd trade. {nm} Dec 21, 12:50
(and I sometimes forget that perspective) {nm} Dec 21, 13:10
Assuming something good is there because if most oportunities are close to (maturity + comission) then is better to keep it . Dec 21, 13:31
delist should be commission free and hsx should reduce commission % overall. this would be an incentive to trade. {nm} Dec 21, 13:11
We want you to be making choices and the resulting smarter trades. {nm} Dec 21, 13:16
You are forcing traders to be daytraders. You are tunelling everybody into doing the same thing. Dec 21, 13:45
No, you don't have to necessarily be smart or good to follow movement of stocks on a ticker. {nm} Dec 21, 18:17
Obiously I don't mean that. Dec 21, 20:00
Yes but In that point I will say it will depend in your port size rather than the 100K, the new delist "tax" will affect that. Dec 22, 06:20
I agree with that completely and am all for it. {nm} May 16, 22:50
I think they should bring back the cold cash option {nm} May 16, 22:52
I really can't see how implementing a delist commission this will result in smarter trades, Dec 21, 13:59
Example 2 ( Do nothing) seems off but you got the idea, stocks close to maturity price become less profitable. {nm} Dec 21, 14:24
Yeah, you are correct... after delist, you end up with a gain of only 0.5% (instead of 1.5% as of now). {nm} Dec 21, 14:55
I do agree on that Dec 21, 20:25
