Code-Bin #944

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Posted by: asd | November 10, 2010 @ 12:03pm

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[14:48] <+griffin> it can work
[14:48] <+griffin> you need to find a penny stock with no volume and no sellers
[14:48] <+griffin> come in at 3:59 and start running it up
[14:48] <+griffin> since your whole game is based on closing price
[14:49] <DrFreeman> Hm, that could work.
[14:49] <+griffin> can you buy options for the game?
[14:49] <DrFreeman> yes.
[14:49] <+griffin> oh then you can do it for sure
[14:49] <cromie> Ceres Global AG Corp.
[14:49] <cromie> there you go
[14:49] <cromie> go buy that one freeman
[14:49] <+griffin> you can double your money everday
[14:49] <DrFreeman> ok
[14:49] <+griffin> find options trading at .01/.02 bid/ask and buy 1 contract at .02 EOD
[14:50] <+griffin> will double your position from .01 to .02
[14:50] <cromie> lol griffin that would be hilarious
[14:50] <cromie> 50% over night kid :D
[14:50] <DrFreeman> haha :)

[14:52] <+griffin> you are just artifically inflating the close price to .02

[14:53] <+griffin> like right now in your fake game buy all your moneys worth of Dec 5.50 Call @ .01

[14:53] <+griffin> then at 3:59:59 this afternoon buy 1 contract at 0.02 in the real market
[14:54] <+griffin> close price of that option will be .02
[14:54] <+griffin> sell in your game at .02
[14:54] <DrFreeman> it would have to be tomorrow, but I see your point
[14:54] <+griffin> well you could buy it today at .01 in the game
[14:54] <+griffin> wait until tommorow 3:59:59
[14:54] <+griffin> buy 1 contract at .02
[14:54] <+griffin> double
[14:54] <DrFreeman> and repeat?
[14:54] <cromie> gotta love manipulating a fake ass game :D
[14:54] <+griffin> sure its probably going to cost your $20
[14:54] <+griffin> everytime
[14:55] <DrFreeman> everytime I buy a contract?
[14:55] <+griffin> and it depends on the mechanics of the game
[14:55] <DrFreeman> you just said $2
[14:55] <+griffin> + commission
[14:55] <cromie> plus commision
[14:55] <DrFreeman> ah.
[14:55] <+griffin> i doubt the game uses bid/ask, just closing price
[14:55] <DrFreeman> yes,  just closing price.
[14:55] <DrFreeman> it's not a sophisticated system.
[14:55] <+griffin> yeah no problem
[14:56] <cromie> lol you can buy GM at .75?
[14:56] <DrFreeman> even then, manipulating could still work?
[14:56] <+griffin> yep
[14:56] <+griffin> because today the dec 5.50 C call will close at .01
[14:56] <+griffin> so you buy now in the fake game
[14:56] <+griffin> sell tommorow in the fake game
[14:56] <+griffin> but buy 1 contract at ask for 0.02 right at market close
[14:57] <+griffin> so tommorow it will close 0.02
[14:57] <+griffin> .return .01 .02
[14:57] <@Trading> The Return rate for 0.01 -> 0.02 is: 100.00%

[15:00] <+griffin> also you may not even have to use real money
[15:00] <+griffin> just buy that dec 5.50 C call for .01
[15:00] <+griffin> and sell tommorow
[15:01] <DrFreeman> It can work without artificial inflation?
[15:01] <+griffin> it might just by chance go to .02, last trade will always be .01 so there will be no downside in fake money

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