RealityMarkets.com Forum

with a few of us getting close to a billion, aqnd many over 100 million i think the share cap needs to be raised, i have 300 mil in cash right now and nothing good to do with it.

I've been working behind the scenes and rolling out system changes for the last couple weeks that will allow larger orders beyond the 300,000 share limit. I'm not quite ready to change it yet, but it's getting there.

skimonkey Wrote:I've been working behind the scenes and rolling out system changes for the last couple weeks that will allow larger orders beyond the 300,000 share limit. I'm not quite ready to change it yet, but it's getting there.

i now have a billion sitting in cash, please up the share limits. and when prices get out of hand like martian st louis you could always do stock splits just an idea

dibbs Wrote:

skimonkey Wrote:I've been working behind the scenes and rolling out system changes for the last couple weeks that will allow larger orders beyond the 300,000 share limit. I'm not quite ready to change it yet, but it's getting there.

i now have a billion sitting in cash, please up the share limits.  and when prices get out of hand like martian st louis you could always do stock splits just an idea

I agree share limits should be raised or done away with all together.

More ideas:
- You could also have a one time reset of everyone above $500 million back to $500 million or down to $100 million... or maybe even $10 million. (while people should get some credit for their past performance, having a lot of spare cash uninvested is a great advantage, because you can buy bigger and cause greater swings and get your preferred stocks listed on the daily leading board.)

- You could also limit such explosions in share value caused by self-dealing (buying & selling a stock multiple time to drive up prices) by simply limiting the number of times a per day that one account may transact in the same stock

- This could also be fixed by altering the algorithm that controls share value so that the effect of BUYS and SELLS are more symmetric (e.g. right now you can make mutiple smaller buys and then sell it all off at once and still make a profit, even if no one else has bought the stock that day. In an ideal system, if you buy and sell the same amount in a single day, so there is no net gain in shares owned, then your profit should be zero, but it is not.)

That last option might be difficult to work out without introducing new bugs. I suggest simply capping the number of trades per day on any stock - e.g. no more than a total of 10 buys and sells on any given stock in a single day. That shouldn't hinder anyone, no matter how a stock fluctuates in value. But it is my guess that, such a cap on number of trades per stock per day (rather than total shares held) would effectively control stock growth so none would move to such insane heights as we've seen recently.

just up the share limits, having all this cash really hurts my percentages

dibbs Wrote:just up the share limits, having all this cash really hurts my percentages

Ditto.

skimonkey Wrote:I've been working behind the scenes and rolling out system changes for the last couple weeks that will allow larger orders beyond the 300,000 share limit. I'm not quite ready to change it yet, but it's getting there.

People at the top of the list all having lots of un spent cash really hurts the market growth too. Dibbs is right. Share limits should be done away with. Not sure why there was ever one in the first place.

I was thinking after my post the other day (see above) if you wanted to re-adjust the top performers down to a more rational level, then the FAIREST WAY to do a one time adjustment would be to adjust everyone who is above $100 Mil back to $100 Mil PLUS their % gain since a particular date (e.g. Apr. 1). That way all credit for previous gains is preserved. The ranking likely would not change much. Though if you did that, you would have to make sure that such adjustment is not recorded as a loss to those accounts. There are only 20-some accounts above $100 Mil.

Then, competition could go on as before.

But, maybe that's too much intervention? Maybe somebody at $600 Mil, who picked Georgetown last week, for example, would get screwed out of past earnings. I don't know. If you wanted to adjust amounts, you should make sure, no gets cheated out of funds they earned from making right choices previously.

I'm not saying that an adjustment is the best idea, but if you wanted to do it, then I think that would be the fairest way.

Resetting everyone back to $2 mil is another possibility. But, it would give no credit to anyone for past perfomance. So, if you want to preserve credit for past perfomance, then a maximum + recent % growth is the fairest formula I think.

On the other hand... if you took away ALL share limits then the market would correct itself, pretty damned quick. We might have a whole board full of billionaires then, as stock values suddenly increase tenfold. But, after a few 1000% growth days, I guess things would be back to normal.

So, maybe... the FREE MARKET approach really is fairest afterall.

Sorry I haven't been posting, it looks like my feed reader wasn't picking up these new posts.  

Thanks for all the good ideas.  Some issues like self-dealing i'm aware of and have been monitoring.  Of course, all it takes is someone to come in with an order while your self dealing to screw with your results.   Also, while some of the stocks are getting crazy hi, it also reflects the intent of this site, a better way to predict the future, and some of them are sure things and that is being reflected in their prices.  

The share limits are something that goes back to the earlier days of the site when the trading system wasn't as robust as it is now and the system tried to mimic the rules of a real stock exchange but that didn't lead to the behavior of a real stock exchange.  At the time, the system couldn't dynamically handle a large influx of cash and/or trade volume with out interaction from me.  I've been taking steps to add more dynamic rules to the system over the last couple months and i think I'm about there.  I've got some more tests to run over the next few days and hopefully I'll be able to release it into the wild shortly.  So far the tests that I've run on my dev server are looking good.

I've run into some last minute bugs that are holding things up today. I think I've got it covered this evening but want to do some more tests. The ability to trade stocks with no share limits makes for the ability to have huge gains and huge losses with very small price movements and I want to make sure it's doing the right things before I release it. I'm thinking this is going to make for some interesting swings in the leader boards and let's just say you're probably not going to want to leave 100 million share positions unattended for long periods of time.

I plan on releasing the updates in the next 24 hours.  Check the site blog for more info.