Stock Market

[gxfu]

Allrighty then, This has never been done before, but I'ma do it now.

This is a stockmarket game thing. For each person that buys a certain stock, the price goes up some amount. There will be around 20 stocks to choose from - PM me or post your stock type dealies and I will be around to update that as soon as I can. (donate el monies to me as well). Post up when you want to sell some shares. (I might as well waste my rupies, oh well...)

We first need agencies and people to "run them." about 10% of the monies I earn will go to el runners of the agencies (doesn't need to be real). But I will tell you: If i go broke because too many people sell their stocks, you'll pay for the sold shares.

Let's see those CEOs. (All stocks are 10 rupies at the moment until it goes up).

[Gnome General]

Is this even possible? How can you just make up fake stocks and trade them? There are no factors to affect stock price, so why would anyone ever sell? The price only goes up when people sell, but if nobody is selling, the price never goes up. And if someone was stupid enough to sell at the buying price, the price would just rise indefinitely. How would the price ever go down?
Plus, it would take a lot of time to organize and run.
Good idea though. With a number of changes, you might be able to make it work. They would have to be big changes though. Perhaps the stock price could be somehow affected by the activity of the forums, or of certain threads?

[gxfu]

no, they go up when people buy. Then they come down as people sell.

[junior]

if i hear more about it i will consider

[Magpie]

maybe tie the stocks in with certain threads?

price goes up or down related to replies/views etc.

or stocks in certain posters?

[Cap'n Zola]

*Reaches for wallet*


I'll buy 10 shares on Magpie!! He's gotta do better than last term...

*Waves wad of money in fist*

[AngryPaul]

I think this will be extremely complicated to do and there isnt much, as Gnome said, to affect the prices. It would be interesting and someone has proposed this before (cant find thread) but never got anywhere. It would be something that would take A LOT of time and effort and is not just an idea to be tampered with if you just want to get rupies quick ;)

[Weeman]

I vote for running a stock market on posters. That way, say a reasonable newbie comes along, you can buy shares in them early before they're a recognised poster. If you think someones going to be modded, you buy shares in them. I think I'll run one of those stock markets if I can figure one out actually. Anyone want to be a partner in this with me.

[Mystical Parrot]

a stock market is a highly complex thingy mah-jig involving more than buying or selling to raise price

sorry, i'll go away now

[Cap'n Zola]

I'll buy shares regulary but It would have to be delt with proper with no rigging and whatnot. Like second accounts!

Weeman being in charge is a good idea. Who will run it with him?

It seems all too complicated for me anyway! Maybe Poofy will like it.

[gxfu]

Well, if anyone, AngryPaul maybe.

[PoofBird]

when you want to sell stocks, you should have forum companies

i can imagine my Roulette, AngryPaul´s betting shop, and maybe the Confessional can be such companies.

for instance
if you buy a share of Roulette(TM) you get a part of the winnings, if and when i make a profit with a spin.
if the shares are populair, the prize will go up. if more people buy the shares the percentage of profit-shares will go down...

that would be nice, but only with very strict and very clear rules

[Weeman]

I'll need someone who has a better idea of how stock markets work because otherwise I'll have no idea how to alter prices based on buying and selling.

I have got a rough outline though:

All people start with a share price of some arbitrary figure (as yet undecided)

People can then buy and sell shares in that person in a devoted thread, donating their rupies to me (I have nothing I especially want to buy so I won't accidentally spend it).

At the end of the "day" (probably around) 7 PM GMT trade will close for two hours whilst I work out how the prices have changed.

At 9 PM GMT I will reopen trade and post the updated prices.

If anyone is banned their share price will be set to zero during the next break in trade. So be careful not to buy to much stock in someone who is annoying the admins. If someone is unbanned then the price will be reset to what it was at pre banning.


I think this is a reasonable idea but I need someone to help me work out how to alter prices and any ideas on changes to the system will be welcome.

EDIT: I'm going to make a separate thread for this so that it doesn't interfere with gxfu's company based idea.

[Cap'n Zola]

That's an absolutely fantastic idea!

Obviously done under very strict conditions.

Would it just be such threads, etc. as The Confessional, your Roulette, AngryPaul's Betting Shop? Or would it be those threads and some posters if that's possible? Or is the posters part not structured enough to be done...

[PoofBird]

selling stocks for people could proof risky

we´ve had problems with popularity contests in the past...

[dogincognito]

I, and im sure a lot of others will take part in this if you can get it sorted out and working fairly.

that was a pointless post,

sorry

[Weeman]

Originally posted by PoofBird
selling stocks for people could proof risky

we´ve had problems with popularity contests in the past... The thing about my one is that people who are popular will be one of the smart choices of people in whom to buy stock, if I get enough people asking me to stop because it's turning into a popularity contest then I will immeadiately refund all people's shares at the price they finish with and close down.

[AngryPaul]

Originally posted by PoofBird
selling stocks for people could proof risky

we´ve had problems with popularity contests in the past... Seconded - Ive noticed the irrate posts that flood in at the sight of fansign and favourite forumites threads :eek:

I think that it would need many people to make it work properly

[Dr_nwa]

Or you could base it on the actual stock market. give a list of selected companies on the FTSE100 or the Dow, then let people place money on them. if people follow it irl they will know which stocks to buy and whcih to sell. it would mean following it a lot and quite a bit of cash to back it up.
I think you could find a stock market emulator on the internet somewhere, which would give variations in the market. I'll have a think about this.
If you found an emulator, you could create a list of companies that flucuate according to events that occur randomly, as well as the buying and selling parameters you put in. post the changes daily and have a window each day in which people can sell and buy stocks.
that would possibly work, but you would need a decent budget of rupie to start off with.
Just a thought, i'll have a look on the net for some sort of emulator.
EDIT: i wouldn't use forumites as the companies, as said above.
Make companies up.
it saves a lot of hassle and spammage.

[PoofBird]

i think i´d like to start a Test thread selling Roulette shares.

just to see in which way it´ll work best.
if there will be a major stock thread, it can be merged with that later (though probably not with a forumite stock)
also, maybe another forumite might take care of the stock market then, when it goes alright

other forms of stock markets could be tried out by others too.

i think it would be nice to make forum companies, based on popular threads or subforums... ie PicsOfYOu inc. and HOCAS ltd.

companies that will be around for some time. you can start with a set prize and go from there.
check my roulette stock thread for details. give all comments you want.
if it works, we/someone can set up a broader market.

[jonffm]

I think someone has to sit down and think long and hard about this for it to work well. If it was to be done properlly, it could work very very well and help in the growth of stock owners and companies (E.g Poofbirds roulette).

I'm guessing how it would work would be..say someone starts a thread in the betting area. You see it and think its a great original idea, and rush off to the stock market thread to buy some shares in that thread. Since it's new the shares would be relativly cheap. Then, the value of your share would rise and fall depending on the popularity of the thread and the net income of it (assuming its a gambling thread).

Is that how you mean?

[PoofBird]

maybe there is no need for dividend...

people can trade their stocks, sell some and buy others...
with a complicated system of multiple companies that might just work...

[gxfu]

You guys are awesome. This is on the verge of success.

How bout we have CEO’s and vice CEO’s that pay for profits and crap with their own rupies?