Subject:
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Re: level of interest in 7151 / Sith ?
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Newsgroups:
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lugnet.market.theory
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Date:
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Sat, 7 Oct 2000 01:24:37 GMT
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Viewed:
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954 times
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In lugnet.market.theory, Kyle D. Jackson writes:
> It's interesting that what everyone is describing here
> is basically a "stock market".
You're in the right ball park, but it's a commodity market.
I can't believe I haven't been involved in a discussion like this
before. One of the aspects of LEGO that appeals to me is the
commodity market angle - I get to buy and sell LEGO. It's great
because trading commodity futures is what I do here at work.
> "Market Orders" are when you just say, "get me 20
> Galaxy Explorers at any cost". If 20 appear, you buy them...
Not exactly. A market order is when you buy at whatever the
market is currently at. The closest analogy would be Larry's
Streetcar. He's auctioning one to find out what price the market
will support - The eBay auction will establish what the "market
price" of a PCC is. He's offering some at what he expects will be
below the market price. Suppose I agree the sale price will be
higher and I buy the PCC now and take a "Long" position. (I expect
to sell it later to someone else for the market price or higher.)
If I thought the market price would be lower than $180? and I sold
you one, (expecting to buy it later for, say $150) I would have
taken a "Short" position.
It's too bad the "LEGO market" is so small - Our system has generated
a 400%/annum (it's my job to improve that) rate of return on the
commodities we trade, and it would be great to include LEGO. 8-)
SRC
StRuCtures
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Message has 3 Replies:
 | | Re: level of interest in 7151 / Sith ?
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| (...) Gee I hope no one shorts the PCC! (it's pretty short already compared to the prototype) Steve is right, it's analogy, but not a perfect one. As it happens, the auction has ended, the first copy went for 202.49. I had meantime been selling (...) (24 years ago, 7-Oct-00, to lugnet.market.theory)
| | | Re: level of interest in 7151 / Sith ?
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| (...) You'd probably have to explain to me the difference... Is it that stocks are paper shares of ownership in a company, whereas commodities are trading actual physical items? I was going to put commodities, but only because it sounded better :] (...) (24 years ago, 7-Oct-00, to lugnet.market.theory)
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Message is in Reply To:
| | Re: level of interest in 7151 / Sith ?
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| (...) believe (...) It's interesting that what everyone is describing here is basically a "stock market". The bit with a buyer stating the qty and price they are willing to pay is the same as issuing a "Limit Buy Order" on the stock market. The (...) (24 years ago, 7-Oct-00, to lugnet.market.theory)
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