HSX Forum

Feedback & Support

Commissions on delists

Posted by: Intheway on Dec 21, 12:45 in response to Antibody's post Announcement: More Upcoming Game Play Changes

I had approximately $7 million in stocks and derivatives delist on Monday because I rode a lot of long term shorts right down to the bottom.  It's a strategy that has put me in waving distance of 1B.  Now I'm going to be penalized $70,000 - $150,000 a week for it? 

IF HSX just wants to get rid of a non-existent problem, why not just automatically delist any stock when it hits $1.00?  I've got about 300 maxed-out positions in that category worth north of $400m because they're shorts.  If you want instant liquidity, it's there for the asking.

Announcement: More Upcoming Game Play Changes Antibody Dec 20, 11:47

what do you mean by fund managers will be paid based on their good performance? {nm} ndmaster Dec 20, 11:54

By H$. {nm} Antibody Dec 20, 11:59

cool (except for the commission on delist, oh well :) islander Dec 20, 11:59

LOVE the public beheadings of Manipulators...its all cool except for the 1% commission on Security delists! {nm} GLAMMGUY Dec 20, 11:59

does this mean a real life profile pic will be required? LOL {nm} ndmaster Dec 20, 12:21

Full view and profile for offenders {nm} StarBondFund BUY NOW.. Jets 10-4 Dec 20, 12:22

Initilal reactions StarBondFund BUY NOW.. Jets 10-4 Dec 20, 13:00

Hate the concept of the 1% on delists JoeMetz Dec 20, 13:18

Some thoughts DTravel Dec 20, 13:58

Maybe they're just trying to close the doors, period. {nm} liioulu Dec 20, 17:24

The power button is right there. *points* {nm} DTravel Dec 20, 17:27

My feedback on the upcoming changes mcmlxixhm Dec 20, 14:51

That's a serious non-play penalty! About 43% annualized. An H$4B port ingnored for 2.5 years would be worth less than H$1B. edzep Dec 20, 15:13

Is the "No Trading" penalty cumulative? Or is it 1-time only? DTravel Dec 20, 17:26

"If you have not traded in the past 30 days" - that's cumulative, baby! {nm} edzep Dec 20, 18:47

why not pay us to trade? let's say after 100 trades in a month, we get $H for every trade we do until the end of the month? peglegpete Dec 20, 17:11

something like 1/2 of 1% or $5000 $H, [ceiling cap] whichever is least, and you round it down to avoid the 1 share trades peglegpete Dec 20, 17:21

It should be more than 100 trades a month JohnTEQP Dec 20, 22:41

Don't agree with 1% commish on delist. If you hold a security long that you think will delist higher than adjust eyescovered Dec 20, 18:23

Love the idea of new class of Movie Funds that behave like mutual funds. Other thoughts inside. Oleg Max Dec 20, 18:57

I would start new traders at H$1 million and then go up by $250K increments JohnTEQP Dec 20, 21:52

...that's a good idea ... {nm} jane_citizen Dec 21, 15:16

Any delist commission is BS, but the other changes seem mostly reasonable... except they fail to put the halt time back where it belongs {nm} Chefbobcat Dec 20, 21:30

How about a mentoring program for newbies JohnTEQP Dec 20, 22:37

That is what the Players Board, and to some extent the Leagues, are for. {nm} RogerMore Dec 21, 08:21

How are you going to charge a 1% commission on penny stocks which are no longer worth dumping due to the .02 commission being charged? {nm} secretstalker Dec 21, 05:49

agree {nm} Guillo Dec 21, 07:33

Yeah there goes any stock that are about .05 or less {nm} MuskMan Dec 21, 08:34

I'd say 0.50 or less - which means the $2 IPOs won't be worth playing anymore because 90% of them drop to that almost immediately {nm} DTravel Dec 22, 00:15

I guess they're only interested in prices being accurate up until the box office of movie x is already known jane_citizen Dec 21, 15:14

adding commissions wont encourage trading and increase liquidity especially in issues with a low spread between market price and box office. {nm} flapjack007 Dec 21, 05:54

so many fines, where on earth are the rewards for active traders ??? naughty Dec 21, 07:03

We already have traders abusing the volatility of the system... why reward them further? {nm} secretstalker Dec 21, 09:12

will 5% be taken off every 30 days, or just after the first 30 days and then the player can coast indefinitely? {nm} kurgan Dec 21, 07:40

my two pennies Panachevitz Dec 21, 08:44

I hope they're not going to charge commission on halted derivatives (calls/puts/OW)... that would blow, too. {nm} secretstalker Dec 21, 09:14

FYI - what you are describing is more akin to a hedge fund than a mutual fund. Especially the managers participation in profits. {nm} Phatcat Dec 21, 09:29

How does hsx track market manipulation? shinglerred Dec 21, 10:07

WIll there be commission charged on the delist of Calls, Puts, and OW derivatives? {nm} fourstars Dec 21, 10:35

Will there be commission charged on the delist of Dead Movie Stocks, Deceased Starbonds, and Inactive Starbonds? {nm} fourstars Dec 21, 10:40

Commissions on delists Intheway Dec 21, 12:45

You have lost me ... figuratively and literally. {nm} kibitzer Dec 21, 17:42

You have lost me ... figuratively and literally. {nm} kibitzer Dec 21, 17:42

Dunno about you, but, they're certainly not going to make it easy on newbies to learn all the little gotchas. {nm} edzep Dec 21, 18:29





Post a Reply

To post to the forums you must first login!


Tower of Terror (TOWRT) 5000 17.94 (0.00)          Kingdom of the Planet of the Ape (APES4.CA) 7500 1.35 (+0.15)          Kingdom of the Planet of the Ape (APES4.CA) 7500 1.35 (+0.15)          Untitled Fourth Film directed by (UJPE4) 9000 70.03 (-0.86)          Untitled Fourth Film directed by (UJPE4) 4000 70.03 (-0.86)          Matthew Goode (MTGOO) 19258 22.00 (-0.32)          M3GAN 2.0 (M3GA2) 1200 68.14 (-2.19)          Trap (TRAP) 2000 59.67 (-0.52)          Summer Camp (SUMCP) 30000 10.78 (+0.77)          Cary Elwes (CELWE) 25000 34.20 (0.00)          Winter Spring Summer or Fall (WSSOF) 3 4.00 (0.00)          Avengers 5 (AVNG5) 150000 345.91 (-0.24)          Ghostlight (GHSTL) 3 2.00 (0.00)          Twilight of the Warriors: Walled (TOWWI) 150000 1.78 (-0.22)          Furiosa: A Mad Max Saga (MMAX5) 30000 148.26 (-2.31)          Fuze (FUZE) 150000 15.36 (-0.64)          Furiosa: A Mad Max Saga (MMAX5) 30000 148.26 (-2.31)          The Fall Guy (FALGY) 150000 117.70 (-12.69)          Furiosa: A Mad Max Saga (MMAX5) 20000 148.26 (-2.31)          The Fall Guy (FALGY) 150000 117.70 (-12.69)          Teenage Mutant Ninja Turtles seq (TMNT4) 11833 72.44 (-0.91)          Furiosa: A Mad Max Saga (MMAX5) 28000 148.26 (-2.31)          Winter Spring Summer or Fall (WSSOF) 150000 4.00 (0.00)          Ghostlight (GHSTL) 150000 2.00 (0.00)          Winter Spring Summer or Fall (WSSOF) 150000 4.00 (0.00)          In the Blink of An Eye (IBOAE) 1000 11.91 (+0.69)          In the Blink of An Eye (IBOAE) 1000 11.91 (+0.69)          Teenage Mutant Ninja Turtles seq (TMNT4) 150000 72.44 (-0.91)          Dirty Dancing sequel (DANC3) 1200 31.81 (-0.24)          Dirty Dancing sequel (DANC3) 2000 31.81 (-0.24)          Ghostlight (GHSTL) 150000 2.00 (0.00)          Thanksgiving 2 (THNK2) 15000 22.36 (-0.06)          Paddington in Peru (PADT3) 150000 42.94 (+0.43)          The Fall Guy (FALGY) 135983 117.70 (-12.69)          Masters of the Universe (HEMAN) 149996 36.66 (+0.92)          Masters of the Universe (HEMAN) 149997 36.66 (+0.92)          The Fall Guy (FALGY) 35633 117.70 (-12.69)          Twisters aka Twister 2 (TWIS2) 55565 159.70 (+0.55)          The Piano Lesson (TPLSN) 150000 0.11 (+0.03)          Nutcrackers (NTCRS) 149999 19.87 (-0.09)          The Fall Guy (FALGY) 114367 117.70 (-12.69)          Nutcrackers (NTCRS) 149998 19.87 (-0.09)          The Fall Guy (FALGY) 150000 117.70 (-12.69)          Furiosa: A Mad Max Saga (MMAX5) 150000 148.26 (-2.31)          Furiosa: A Mad Max Saga (MMAX5) 150000 148.26 (-2.31)          Project Hail Mary (PRJHM) 150000 99.83 (+0.33)          The Fall Guy (FALGY) 150000 117.70 (-12.69)          The Fall Guy (FALGY) 150000 117.70 (-12.69)          The Last Train From Hiroshima (TLTFH) 4000 53.84 (-0.33)          The Last Showgirl (TLSHG) 1200 5.13 (-0.88)