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October, 2024

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This is dead

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james44
Posts: 3323 - Karma: 578
       Nobody can buy or sell anything becuase all the 12 year olds on this site buy the stocks and then go and immidiately put them up for sale for thousands of dollars above what they're worth.

       I can't think of any way to get rid of this prolem either becuase there would be no way to limit the prices on the stocks to stay near what they're valued at (also flawed) because comeing up to compitions people will pay well over what skiers are valued at if they think they are going to do well and limiting the price would put a huge limit on the profit people would deserve to make in that situation. I don't see there being more stocks relesed helping much either becuase it wont change the fact that anybody and their mother can price the stocks at 1000% over the value if they feel like.

 

Jan 26 2008 11:03PM
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james44
Posts: 3323 - Karma: 578

posted before i was done


I don't have any solutions but I would like to hear yours

Jan 26 2008 11:04PM
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McDiggler
Posts: 140 - Karma: 17
something is only worth what people will pay for it, and in this case if somone feels like paying 3000+ for a single stock then thats what its worth.  there is nothing wrong with this.

however, the reason these prices are so high is supply and demand.  there is an extreamly low supply of stocks, so the demand for this finite supply is very high.
Jan 27 2008 3:11AM
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Silence
Posts: 16030 - Karma: 150
I think they will issue more shares once any bugs are ironed out. There is no point flooding the market with more stock if the prices are way off.
Jan 27 2008 5:51PM
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TerminatorX
Posts: 3087 - Karma: 169
these kids dont know what they are doing. they will buy popular skiers for more than double of what they are worth, even if their skier wins a comp, their value will only raise 10-20 % and they will loose money. then they only way to gain back their money is to sell the skier for more than what they paid for.
Jan 28 2008 9:10PM
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TerminatorX
Posts: 3087 - Karma: 169
i think that if their was a set price (that fluctuated evey once in a while due to comps and vids) that everyone had to buy and sell at, this could work.
Jan 28 2008 9:15PM
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skiEER
Posts: 4089 - Karma: 79
i like that they amde it so you cant sell people for over 50% of market value
Jan 29 2008 4:48PM
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