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Initilal reactions

Posted by: StarBondFund BUY NOW.. Jets 10-4 (a.k.a mrbinns) on Dec 20, 13:00 in response to Antibody's post Announcement: More Upcoming Game Play Changes

1) Max share increase for .OW's   to 100K     So MOVIE priced at 10.00 will be an investment of 1.00 to go all in plus another .37  (approx) to go all in on the OW  for a total of about 1.37M  Multiply out for bigger movies  (50.00 --> 6.85M;  100.00 -->13.70M     250 -->27.41)   Bigger investments, bigger gains, potentially or losses.  Part of that will be aussaged by chance on Saturday to amend your position.  Not around?  Have fun swimming in Mexico while the rest of us are working on our ports.  Oh yes, this does not take into account the small change on weekend openers (did someone yell out "Yo Eleven!"  ?)

2) Milestones....Do we get to choose from a list or is it automated?  Nice touch

3) As long as we get to punish the Madoff's of this world, that is fine.  When will the HIRS show up at our doors?

4) I like the idea of multiple visits.  We will then see the spammers with .250M ports !  I do not know if this is a great idea for the YTD gamers....Exceptions might be made.

5)  A long time ago I learned not to cry about commission.  If you can't do the time, don't do the crime...Keep your eye on the Sparrow.   BUT some delists should be commission free.  This will be the most controversial of the new rules.

    a) Puts and Calls since prices are frozen right into delists  Oscars and Noms as well

    b) Dead delists which by their very nature are potentiall active until the day they delist. Similarly for StarBonds delisted due to inactivity and especially for death.

    c) Other derivatives such as HW's, BW's which if they are "longs" tend to be ARB.  On the other hand, if a BW or HW drops to .01, are we supposed to dump it early with a .02 hit?  TV Stocks have to be looked at too. Cancelled series cannot be sold off early, once they are halted.  

6) There might be some sort of doctor's note or travel note to avoid the 30 day inactivity fee.  While my HSX addiction has forced me to take a computer or find internet cafe's while I travel, I could see legitimate inactivity for illness or long vacation being an unfair hardship. 

7) I originally thought that the funds somehow benefitted by having investors. Until I became a fund manager !  I still like to see investment in my fund.  I could see BONDS being an investor fund.  I would assume that there would be some sort of rules to prevent investors from taking out too much cash from the fund.  I would love for dividends to be paid to investors as well. I would guess that the rules are being formulated.

Controversy, why not.  Will these hurt the overall structure of the game?  I doubt it.  It will just take some getting used to. 

I feel like I am in the original Rollerball where Rule Changes are the only Rules.  Stick around Jonathan E.

   

 

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





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