ST Alpha - "A couple Cantor notes for you." (Reading a Post)

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In response to "I think that will be a given. -- nm" by Epiphany

A couple Cantor notes for you.

Posted by Inigo (aka Inigo) Mar 1 '09, 14:17

JBC3D is currently priced at $71. It'll most likely delist around $35. Right now, I can't short the stock because it's reached its daily lower limit. On Monday it'll be a mad dash to see who can short JBC3D the quickest.

It'll definitely be interesting to see what happens in the real Cantor market when surprises like this occur. Staying up for Steve Mason or DHD's Friday numbers will probably be a must.

Right now, volatility on the Cantor exchange is crazy. Each share you buy moves the stock $1 or $2, depending on if you buy or sell. This makes maxing out your account on a particular stock very hard because you reach daily limits very quickly.

Responses:

so it is not for real money? - yet? this is so crazy - I wonder how fast it will sell to it's daily limit? - Epiphany Mar 1, 14:54 14
- I think they gave everyone $1,000 in free money. -- nm - JaxSean Mar 1, 16:46 2
  - $1,000 was the minimum for any beta tester. If you said you were going to invest more, I think they'd give your beta account more money. - Inigo Mar 1, 16:50 1
    - Yes and Yes. - JaxSean Mar 1, 17:07
- No, not yet. They're in beta, and still obviously have many bugs to work out. -- nm - Inigo Mar 1, 15:05 10
  - yeah who decides who gets 1st dibs on selling? when Jonas Bros type event takes place - who gets to shove it off 1st? - Epiphany Mar 1, 15:48 9
    - Not sure. Hopefully, they'll lower volatility enough to where almost everyone can short if they want to. -- nm - Inigo Mar 1, 15:54 2
      - They can't. If no one's buying it at a lower price, you can't be shorting, basically. -- nm - JaxSean Mar 1, 16:34 1
        
        That's true. I meant that they could avoid the situation where the stock can't be shorted because it already hit the lower daily limit. -- nm - Inigo Mar 1, 16:43
    - Cantor is gonna have to find money when this happens to them in real life and everybody shorted it. - peglegpete Mar 1, 15:52 5
      - So what was the intial contract offering price? I thought a surprise flop would be good for Cantor. A surprise hit would be bad. -- nm - Dano Mar 1, 16:43 4
        
        I *think* when they pushed the beta live, the prices were based on HSX prices. But the stock doesn't freeze on Friday, so it started dropping on Sat. -- nm - JaxSean Mar 1, 16:48
        
        Around 80, IIRC. I think how good it is for Cantor would depend on how many are holding the stock short, and how many are holding it long. -- nm - Inigo Mar 1, 16:47 2
        
        Have they done an initial offering auction yet or just started things at hsx prices? - Dano Mar 1, 16:54 1
        
        No, they didn't do an initial auction. It was at the HSX price. - Inigo Mar 1, 17:02

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A couple Cantor notes for you.

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