138 years of Popular Science at your fingertips.
Each issue has been completely reimagined for your iPad. See our amazing new vision for magazines that goes far beyond the printed page
Stay up to date on the latest news of the future of science and technology from your iPhone or Android phone with full articles, images and offline viewing
Featuring every article from the magazine and website, plus links from around the Web. Also see our PopSci DIY feed
Science is reinventing play, from extreme sports to gamification to ridiculous roller coasters to the playgrounds of tomorrow, and this issue is chock full of fun. Also, on a less fun note: Did global warming destroy my hometown?
On the portfolio page, sorting by each column and add a column for closing date.
I wish i would go back to the way it was a year ago (only with taylor this time)
I wish i could more more shares of a stock (10,000?)
from New York, New York
Hey Nairda27,
Do you mean you wish the old forums were back? What else was different a year ago? I wasn't here, so you'll have to fill me in. What could we do to bring back what worked?
Thanks!
t
from Brooklyn, NY
1) I'd love for there to be a way to edit your "comments" in the forums. You can only edit your "posts" (the first post of a thread)
2) I think there should a PM system for users to contact each other privately.
3) A discussion thread linked on each prop page, so you don't have to comb through all of the forums to see comments.
from Lexington, KY
PPX Keyword Search
What is the point of having a keyword search if it just takes you to another page to do a search. I think the search should work immediatley instead of taking you to the full search page.
a page that shows all of the stocks...currently it shows 10 stocks per category on the stocks page but it would be great if there was a "show all" link where you could see all of them. Included on this page would be the close date. Also, have the columns sortable so you can sort by stock name, close date, etc. (exactly like frostyfam said but for the stocks page)
A couple of suggestions I've mentioned before:
1. I want to be able to get back to the My Portfolio
page from anywhere on the site with one click. When
stuck with a thin satellite pipe in the middle of the
equatorial Pacific (like I am now), it is a royal PITA
to navigate back through 3 pages from deep in these
forums to make a trade. It should go under the Welcome
(Your Nick Here) banner at the top of every page.
2. Spread out the stock ending dates. The ~$500K cash
free up/payout from this Monday is a lot to process
and reinvest wisely. The end of the year is going
to be a payout Tsunami. I hope nothing chokes like
last year...
from Exeter, CA
A ppx calendar that shows up in popsi ppx page aor alink to one
a way to but more than 1000 stocks
do you gain money if you buy a stock, its price goes up, and then you sell the stock?
from Brooklyn, NY
I'd like to put a watch list on my wish list.
So I can make a list of props to watch.
I'd like for there to be stop loss orders.
from Ottawa, Ontario
stop loss order aka the pending limit orders, that would be nice if it worked better.
Top of my wish list are all the interface ideas we've shown above. Let's make it easy to find, sort, trade and discuss stocks, in and outside of your portfolio.
idea; have the same interface for portfolio and for all stocks but with a little trigger that shows what you hold only.
And to all my neighbours to the south, congratulations on a completed election campaign. Time will tell what greatness Obama can become. Let there be no reason for any person to say they could never accomplish anything.
-NapkinG-
from Shelton, CT
It would be great if the portfolio and stock pages showed what direction a stock last moved in, hopefully with colors. Falling stocks could be in red, rising stocks could be in green.
An example of where this would be handy happened yesterday with DOWNLD. After falling $2.25 news came out that it could close long at any time. (the BBC has released DRM free content) It turned up, but people who didn't see the turn would still see it was down for the day, and could think it was still falling.
Visit www.ppxchat.com A great place to meet PPXers and learn strategy.
A mark of some sort '*' in the stock list to show the stocks you own. As you own more and more of them it is hard to remember what you have. Better would be number of shares owned as I often hold 1 share in my portfolio (if I can't afford more) so I can tell what is moving from my portfolio.
I would like, in whatever form, the ability to transfer funds from player to player. Whether it be the ability to wager, to give loans, player to player trading, or just to give the money away. I'm sitting on $700,000 or so in cash that I just don't have the time to invest wisely (do the research and all). It's hard enough keeping up with the 95,000 shares that I already own. It took some effort to get to where I am and I would like to stay somewhere in the top 25, but at this point I'd just as soon give away my cash on hand to one or more newbies so that they can get a good start.
I'd like to see the IPO date for props. It would help, while doing research, to see if some news item was written before or after a prop went live.
from Exeter, CA
How about a way on the main PPX page to see if a stock is going to be released later that day so you don't have to go to the forums or miss out on it, come back the next day, and see it has already risen $2.00 in price.
I feel many players have missed out because of the lack of such a alert.
Also, the time zone differences are really confusing. could you have something like they do on TV that says, for ex., will open @ 1:00 PM EST/ 9:00 AM PST.
This should be low on any priority list but I would like a history of my net worth. I usually don't check my portfolio on weekends but I would like to see how I did on each of those days.
from New York, New York
These suggestions are awesome! It also look like we'll be able to implement almost all of them. I'll post a timeline as soon as I have it, and then we can start rolling them out. Thanks for spelling these items out. Please feel free to keep adding to the list if you come up with more; so far, this looks very thorough, and valuable; I'm sure our game will be much improved with even the simple items in this list.
Thank you!
xot
The ability to subscribe to threads would be nice (especially if a thread for each prop was automatically created and linked as traderboi suggested).
How about a complete overhaul of the Interactive Stock Charts? Especially when trying to compare stocks of the same group. You can't tell what is what. It is next to useless. Of course I say that with the utmost respect.....
It would be nice if you could pick two or three stocks that you want to compare and not get the whole list of stocks from that category. Or compare stocks from different categories. Or have graphs that were large enough to read. Or.......well, you get the idea.
from Lehi, UT
Taylor:
I think that stocks which will pay off several years from now should be adjusted so they have a better return than 100%.
For example FLYINGCAR will pay many years from now. If you make only 100% on that stock after a 17 year investment you are really losing money from my point of view.
I suggest the following paid off: 100% return times the number of years until paid off.
For example:
If the stock pays off on the first year: 100% return
If the stock pays off on the fifth year: 500% return
If the stock pays off on the tenth year: 1000% return and so on.
I also like to see in order to motivate some users to invest on some stocks to have dividends on some of them. How about a 5% annual return on investment? This will allow people who already have enough money to invest in long positions and still make POP money.
The way the market is setup now it may in time tend to level off most players. This is unfair if you are already sitting on a big account and you see others caught up to you because they have better chances to make POP money since their pool to pick up stocks with faster returns is larger for them in proportion.
What it really will be great is to have a limit on the amount of shares that are issued for each position instead that on the amount you can buy. If the amount of shares is limited this will drive the price of the stock until payoff. I think it make the exchange look closer to a real exchange than to a casino where you gamble. I don’t know but I would like to see more strategy than just a mere gamble.
My last wish (at least for now) is that after a stock is delisted to still show on the search (as inactive of course) for a couple of weeks with an official PPX statement on why the stock paid the way it did and a link (if necessary) to the appropriate resource used for determination on the paid off.
from Ottawa, Ontario
Some good points there grusso: i'll double up on increased strategy over gambling. I like limited number of stocks, but I think there needs to be more exploration on the topic.
YES! please leave the closed stocks searchable after the fact. Leave them up for a month at most so you can stop in a realize why it closed.
and I'll double up on yo33's thread subscriptions. I was gonna post it but you beat me too it.
-NapkinG-
grusso7,
May I call you gru? Well gru, I'm confused about your 5% interest idea. Is this for money not being used on stocks? I can now max out all stocks available with my account. So how can anyone catch me if I don't let them? As long as I ride waves to catch all the market changes, I can earn the theoretical maximum. Those below me who cannot buy all the stocks will have to pick and choose where they make their money. I can make money everywhere, those below me cannot. I do not feel bad at all for sitting on a big account; on the contrary, I have a huge advantage. And giving me 5% on unspent money will only increase my lead. Maybe I'm missing something, but I don't get it.
I have a problem with the theory that having larger payoffs for props further in the future increasing peoples desire to trade them. You still don't get the profit for 5 years. So I'll keep my money active then buy it in the last month. I'd still get the same profit you would. Unless of course you would have to own the stock for 5 years before you'd get the extra payoff. Having to own it the entire time would pretty much stop trading in it after the first purchase so I just don't see how this would accomplish anything.
I do like the idea of delisting a prop and leaving the page up with a description of why it paid off and any associated links. There has been many times that would have been useful.
K
grusso7: your last wish has already come half true...in the stock search page, if you select Trading Status: All, it'll find active and delisted stocks.
As for the second part, having a reason why it closed...that would be nice.
for your idea about the share limit...not sure I completely follow...are you saying that there would be say 100,000 shares available for a long position and 100,000 for a short? and then once those are bought up, players could trade amongst themselves and set buy/short prices?
from Lehi, UT
Let me explain myself better. On long stocks yes you have to own the stock during those years to have an increased payout. A timer will have to be setup with the stock to show how long you have owned it consecutively. For these stocks it will be great if a dividend is paid so you can still earn money as you own the stock through these years. Like some positions on other exchanges that paid dividends based on quarterly earnings. Instead of using earnings as a parameter we can use time and stock value to pay such dividends. Then for example, if a stock goes down in price during a year (comparing the price at the beginning and the end of such year) if you shorted the stock and hold that stock for that entire year then you get the dividends if you went long you do not get the dividends. This way I will look with more interest at buying stocks with a paid out in 10 or 15 years. Also if you own a stock that will paid out in 20 years from now and let’s say you purchase the stock hold it for 10 years and the sold it and bought back 7 years later and then you hold it until paid out if the stock went in your favor then you will only get paid the value of the stock times 3, which is the number of years you hold it consecutively before paid out. I wonder how many do not purchase long term investment stocks because of the fact that the reward is minimal to the time invested. Just as Kubie said the way the exchange is setup now most people will wait until getting closer to the paid out date instead of buying those long term stocks now. But if you seat in a position for a potential return of 1000% in ten years and plus you get the dividends yearly (if it goes your way) this will really motivate long term investment. (And keep in mind that I said 5% on dividends but this could be more or less according to the stock or some other parameter or idea that someone may contribute)
Question: If you hold a stock for 10 years and it turns out that you held it the wrong way, do you lose 10X the amount you would have lost otherwise?
I see the benefit to those on top, but not to those on bottom. Those on the top have extra money to spend on long term stocks. Those on the bottom will have more incentive, but if your portfolio can only afford 20 - 30 stocks, you will still buy the short term stocks to maximize your money. I have been playing for almost a year and a half now. I would imagine that if a player sticks with this game for 2 years and plays it fairly regularly, they can get to a point where they could buy most, if not all, of the available stocks.
Is the goal to have more people invest in the FLYINGCAR props? I think you will only get that when you have more players with more money. Waiting 10 years for a 10X payoff is just way too long. I think if you wait another two years under the existing market conditions, the market will have enough players with enough money to take care of that problem.
from Lehi, UT
No cheft. (may I call you cheft?) You will not lose 10x in ten years if paid at zero. What I'm trying to suggest is that we make this more like a real exchange and get rid of all unfairness. I apologized, I tend to be practical in these matters and I simplified too much. Maybe from now on I will try to explain every single detail. In a real exchange if you short and you get to the point that you were wrong and your value goes below zero you cover the amount and just loose that amount you initially used (if you are smart about it). But if you bet long and the stocks quadruples or more you get all those profits when you sell. Do you get my point? That is the effect I was intending.
Later I will try to explain my point on why you lose money with respect to small portfolios in this exchange unless limited amounts of stocks are issued and limitless amount of stocks can be purchased. I got to take care of other business now.
Of course you may call me whatever you wish, gru. But alas, I do not have a "t" in my name. But if it works for you, it works for me.
I don't think this market can be too closely compared to a real market. Yes, you can quadruple your value in a real-life stock. But here, we only go from 0 - 100 (a percentage of the likelihood of the outcome), with the prop starting at 50. I guess you could 4X your money if it drops to 25 and ends up paying long. I think you are trying to compare apples to zucchini.
When you have time, I am interested in hearing about all the unfairness that you see here.
And you'll definitely have to explain your loss of money with respect to small portfolio theory. If you are talking about growth AS A PERCENTAGE, you are correct. All new and small accounts have that advantage over larger accounts. And we cannot compete for the monthly prize because of it. Maybe they need another prize where everyone has a chance. But I'm not too worried about it. This is a free site, and I don't expect anything for free.
I think we are lucky they've put this much into it.
from Lehi, UT
Cheft: I see that you partially answered yourself my statement of unfairness in the market and you are right if you truly are sitting on a big account you realized that you cannot make as much money as those coming up like me I may say. If your portfolio is so large that you cannot invest all of your money hats off to you and congratulations you just prove my point.
Now it is also unfair for the people that regulate the stock to announce that a position will closed in a following way and allow the people who hear about to adjust their positions before closing. You may well know that this has happened with some stocks. (does nosseum comes to mind?) This is called inside trading. In real life you go to jail for it in here it seems that we are in anarchy and trust me I had no issues with anarchy I grew in the '80s.
from Lehi, UT
In a real exchange you need to play with a strategy in mind and gathering information constantly. I would like to see this exchange headed on that same direction. I believed in capitalism I have not issues with making POP money and I have no issues with other people making it. This is why I suggested a limited amount of shares as to follow what a real exchange does as close as possible. I have also suggested as same as other people that there should not be a limit of how many shares people can buy except on what is available. In a real exchange the shares of a stock represents a partial value or whole value of a company. This value is determined upon many factors but it is this value that drives the market. In order for a limited amount of shares to work a somehow arbitrary value will have to be assigned to the stock. This is the only issue where I don’t know if I’m using the right parameters to assign a value and some people may have another or a better idea. But after brainstorming this is my idea I throw it at you guys/gals and feel free to tear it apart. See next post below
from Lehi, UT
I would use the following parameters to determine the amount of shares to be release:
The total PPX exchange value (PEV) , the share release value (SRV) in our case this is $50 since all shares are release at this value, the total listed shares (TLS) or the amount of shares listed on PPX and this last parameter (which I will explain its determination later) which is the social impact value of the stock (SIV). Then I will plug these values in the following formula (keep in mind my last calculus class was taken in 2000 so I don’t know if it will truly work for PPX):
(PEV * SIV) / (TLS)*(SRV)
Now I will explain this SIV value:
Social impact value (SIV). The social impact value will be an arbitrary value assigned by the PPX exchange officials (specifically the people in charge after polling from the forum for opinions). The SIV will be assigned based on a scale of 1 to 100. To determine this value I consider these parameters which are also arbitrary and based on other values, worldwide impact (WI) and Lives impact value (LIV). By multiplying these values you get SIV. Formula: SIV = WI * LIV
WI or world impact of the stock pertains on how far are the reaching effects of such stock are and is measurable from one to ten as follows (this value is assign by the responsible of posting the stock after polling for input or arbitrarily assigning the value under their better judgment):
Worldwide impact: 10
Continent wide impact: 7.5
Country wide impact: 5
State or Region impact: 2.5
City wide impact: 1
LIV or lives impact value pertains as to how the stock improves the lives of people also in a scale of 1 to 10 considering the following such as wellbeing productivity happiness etc (this value is assign by the responsible of posting the stock after polling for input or arbitrarily assigning the value under their better judgment).
So after plug-in these values we should have a good amount of shares that can be purchase. Since I expect that the amount of people is always increasing in the exchange the values of the shares with time will increase if are wanted due to demand until paid off is reached. Also although technically possible perhaps I do not foresee that anyone will be able to buy all the shares of a particular stock as it is release since you will not last long unless you are diversified or very lucky.
Again gru, you are saying this wrong. I can make more money than everyone below me. I cannot have the same PERCENTAGE GROWTH. Two different things.
Any market you have that has existed for several years will have people on top and people on the bottom. Those on the bottom can ALWAYS have a larger percentage growth. I can make a more in a real market, as a percentage, than Warren Buffet. Does the real market need change? No. If this is "unfair" in your opinion, you should request a change in the conditions for winning the monthly prize. Again, this is not an issue for me, but my idea is simpler and might be easier to implement.
NOSEEUM is not a product of insider trading. It is a product of poorly-worded propositions. When props are confusing, it leads to different interpretations of what is meant. This is exactly why it is important for us to chime in on the wording BEFORE it goes live. We still have some turkeys out there, so don't expect this to be the last controversial close.
You grew up in the 80's, so you are accustomed to anarchy? What country were you in?
I can't tell you the tired-head I got from trying to read your final posts. You want four different variables in determining the value of a stock? Dude, you and I spent several posts arguing about correcting an obvious mistake. And you want to add "shades of gray" to the mix. I'm not saying your plan is bad or wrong. To be honest, I couldn't read it all. I'm not smart enough to understand it. But a plan like this needs it's own set up. If you or PPX want a different game where these rules are in play, I might give it a try. But let's leave this game more as an apple and less as a zucchini.
from Ottawa, Ontario
If I may, let me try to understand your formula grusso and 'type out loud' as I do so:
Firstly, your formula has no equal sign; is that supposed to all equal 1? Or is that supposed to equal the number of shares for the stock in question?
Secondly, for chef, grusso is only proposing 2 'ambiguous' values: the ones to calculate the Social Impact Value (SIV). All other values in his equation are from the current status of the PPX.
Lastly, I don't think a straight up total shares per stock limit _alone_ will help mimic a real exchange. It would have to be coupled with several other behind the scenes changes in how the stocks actually trade. If you're really interested in ppx market accuracy, please dig around the forums and you'll see some convos about that.
Gru, I was with you only 6 months ago with a small portfolio asking to buy more share per stock. I've since realized that increasing the personal stock limit would allow the upper players to drop all their worth into a soon-to-close stock and quickly double their entire net worth.
And placing a stict cap on total shares per stock means that the slower players will always get stuck unable to buy until someone else wants out.
-NapkinG-
from Lehi, UT
napkinG: {(PEV * SIV) / (TLS)*(SRV)} = Total amount of shares to be release for a proposition.
Sorry I assumed on the context (as per: I would use the following parameters to determine the amount of shares to be release :)
Yes you are right on that it will not get us close as you would want to a real exchange but it will be a better approximation than what it is right now.
However I have to disagree with out on the fact that people with large portfolios will gobble up all the shares. That will be the case if everyone waits until the last minute to buy. How many people with large portfolios will risk all of their PPX money on just one stock? The way I see it, people will be more incline to start buying from the beginning instead of waiting until the last days. If you plug in the values on the formula the amount of stocks is fairly large and it will take many people to buy the entire lot of shares. Anyways this is what really happens on the market demand directly affects the price and that is why you need to buy early because the amount of shares is limited.
I’m sorry if this was brought up before I have not gotten so far into the forums as to delve into past posts. I just wonder if people get bored after playing on just betting and after getting their first million leave.