HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
The OW halt, among other things, has always functioned as a guarantee of the fairness of the game: no one with inside Friday info...
... can profit with this information, or put the other way around, the halt has ensured that the prices of the moviestocks are sheltered from unfair influence in that time-window when BO information is being gathered, but hasn't been publicly released. I am not sure of how HSX / CX will solve this problem if the halt is eliminated, regardless of the more specific changes to moviestocks you are inquiring about here. Last fall, I watched a couple of episodes of the "Food Network" program "Chopped," as it was a good compromise show for the people I was with, and the competition angle was interesting. In a couple of episodes, though, it seemed clear that decisions on which contestants advanced had little or nothing to do with the criteria which were being discussed openly amongst the judges, and that semblance of unfairness, or of the pointlessness to the competition side, well, that was the end of my interest in the show, and I have not watched it since.
What would HSX / CX gain by changing the way moviestocks are handled? I suppose the predictable shorting of moviestocks after the adjust is a problem for a real-money exchange. Perhaps that could be addressed by a time-correlated commission-bracket scale:
—A moviestock traded 1-3 days after the adjust: 10% commission
—A moviestock traded 4-6 days after the adjust: 8% commission
... and so on. That could tamp down the flipping after adjust.
Woudln't the reform proposal really be just the first step towards eliminating the 4-week delist aspect of the game? All the risk-taking, such as it is, is attached to the opening weekend, and I am not sure why HSX / CX would want to sever the connection between the central item on the exchange and its most exciting public feature.
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
The OW halt, among other things, has always functioned as a guarantee of the fairness of the game: no one with inside Friday info... Feb 23, 17:23
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