The Ampersand

Strategy and Tips for the Hollywood Stock Exchange (HSX)

HSX FAQ

Wednesday October 06, 2004 – HSX Frequently Asked Questions

Here you will find a repository of frequently asked questions regarding HSX. New and experienced traders alike often have questions regarding game play which either go unanswered or are lost in the depths of the Players board on Ticker Talk. This dynamic guide will list some of the major questions and be updated as time goes on. HSX have their own FAQ and Glossary which go a long way to answering many questions but, for the most part, we have attempted to answer those questions which aren’t covered.

Update: May 16, 2005 – Its been a while but appended (from #51 to 60) are a set of additional questions.

1. How to tell when your port was started.
2. What is reset? When is it? What is reset trading?
3. Funds/Stocks/Bonds – what should I hold?
4. Where can I find theatre counts?
5. Where can I find weekend numbers?
6. What is a Radar?
7. When/what are the HSX seasons?
8. What is an internal multiplier? Why is it important?
9. How much commission does HSX charge on each trade? When is the commision free trading period?
10. Strategy guide?
11. What is a platform release?
12. When will my Stock/Option cash out?
13. I see that some StarBonds in the past traded above $1000?! What gives?
14. What is reshorting?
15. What is a TAG? How is it calculated?
16. How do I calculate Stocks/Options delists?
17. I have an idea for a Fund, how do I apply? What are the criteria?
18. What is limit trading?
19. PDFTT, SITWAP, ARB…what the hell? Plus other symbols
20. What is cold cash? Is there a ‘trick’ to winning it?
21. When do MovieStocks halt/unhalt
22. Is red good or bad?
23. What is a short/cover?
24. How do I graph my net worth? Can I do it for longer than 90 days?
25. What is day trading? How do I make money from it?
26. I referred a friend to HSX via the Tell-A-Friend program but where’s my $100k?
27. What is this manipulation I keep hearing about?
28. Why is Saturday so often a down day for my port?
29. Is there a way to login to my port automatically?
30. What is dROI (daily ROI). How do I calculate it?
31. When can I buy new IPOs? When do their prices start to move?
32. What is a port?
33. When do the Funds adjust?
34. What’s the deal with interest rates? Why do they change from time to time?
35. How do I suggest a StarBond/MovieStock for HSX to add to the exchange?
36. Any good advice for making H$?
37. Is there a maximum limit for a MovieStock adjust?
38. Is there a maximum limit for a StarBond adjust?
39. What does ‘volume’ represent for securities on the exchange?
40. What is the HSX Ticker?
41. Why does the gross to date for X film not appear to be correct?
42. How do I reset my port? Why would I want to?
43. Why is Stock A moving up/down today?
44. How can I get a text version of my portfolio?
45. What happens to a StarBond when someone dies?
46. How is interest calculated?
47. Why aren’t my stocks sorted alphabetically anymore?
48. Can I sort my StarBonds by adjust date?
49. How can I sort my portfolio differently?
50. How do people know when the board ‘rolls’ on TT?
51. What happens if I’m holding a stock short and its share price doubles?
52. Starbond Delists?
53. How are the % Gain figures calculated?
54. What happens to Shorts held on Movies that Delist?
55. When are the box office totals updated for released stocks?
56. Why isn’t X section of HSB&R working/updated?
57. Can I have multiple HSX accounts?
58. Why do MovieStocks/StarBonds move at different intervals?
59. When do the weekend adjusts of MovieStocks occur?
60. How do I set up my own Movie League? What are they good for?

1. How to tell when your port was started.

If you go to your account history page (a link to it can be found from your portfolio page, or you can also just click this link and log in) it lists the last few transactions or you can choose a default link for transactions that took place in the last 30, 60 or 90 days. A trick to do is that you can manually change the number of days to see to whatever you want. If you change it to 9999 days then, it will show you the very first transactions you performed. Note that if you are a very active trader it might not have all of the trades since HSX does not store more than a certain number of trades.

2. What is reset? When is it? What is reset trading?

At 12:45AM EST/9:45PM PST every morning the day’s change for all Stocks, Bonds and Options are ‘reset’ to zero. As for reset trading, that is a method of trading which is often touched upon on the boards but not detailed for newer players. Basically, most stocks that move first after reset will be among the top movers for the entire day and rise quickly. As such, reset traders simply buy/short all (or most) stocks that move first. This is a very risky strategy since there can often be wild price swings up and down after reset and stocks that move at reset often reverse their movement later in the day which means that they need to be monitored and dumped at the right time. Huy wrote a great column on it which is probably the most detailed resource around which goes into much more depth. You can find that here.

3. Funds/Stocks/Bonds – what should I hold?

The answer is really: depends. Here is a quick and dirty overview of what I would recommend as the buying list for a portfolio, once you run out of money during a tier then you shouldn’t be investing in something below it. The idea is really to ensure that you have the maximum ROI to ensure the fastest possible growth.

Tier 1:
Delisting stocks (Sat/Sun before)
Daytrades
Call/Put Options

Tier 2:
Openers for current week
StarBonds post-adjust (day trade)/day before adjust greater than 1% ROI

Tier 3:
Openers two – four weeks out
Openers post-adjust
StarBonds one – two weeks out greater than .75% ROI
Limited release films one – six weeks from delist

Tier 4:
Openers one – two months out
StarBonds two – four weeks out greater than .50% ROI
Limited release films six – twelve weeks from delist

Tier 5:
Openers two – four months out
StarBonds four – six weeks out greater than .40% ROI
Limited release films three – four months out

Tier 6:
Openers four – six months out
StarBonds six – eight weeks out greater than .30% ROI
Limited release films four – six months out

Tier 7:
Openers six – twelve months out
StarBonds eight – sixteen weeks out greater than .20% ROI

Tier 8:
Openers > 12 months out
Funds
StarBonds close to dead delists
Trend trading Stocks/Bonds
Limited release films > six months out

Different people have varying strategies so don’t take this as gospel but more as a guide. Usually Tier 1 – 2 will be anywhere from $2m to $20m, Tier 3 – 4 somewhere around $25m to $100m, 5 – 6 around $100m – $150m and then Tier 7 and 8 would be anything above $200m. Outside of this you might want to look at some article in the HSB&R strategy guide.

4. Where can I find theatre counts?

There are quite a few resources for theatre counts which are very valuable for insight into opener potential. For early counts in weeks prior to release there is the Early Report published by FilmJerk which listed early estimates as given by the studios (they will have estimate for most films with a firm release date). In terms of actual counts there are a number of possible sources which usually all will be updated on Thursday afternoon at approximately 4 – 6PM (it does vary though):

  • Box Office Mojo gives a full listing complete with change from the previous week for holdovers to easily gauge expansions/reductions. They also have a mailing list which you can sign up for and they will e-mail you with the full list of theatre counts each week if you would like.
  • HSX will also post the full list on their Announcement Board once they receive them.
  • Not as complete, but often the earliest source of firm numbers for openers (not holdovers) is the weekend prediction column at Box Office Guru which is usually posted early Thursday morning.

5. Where can I find weekend numbers?

Early weekend numbers (estimates and actuals) can be found on a variety of websites,

here are a few of the better sources:
Box Office Mojo
The-Numbers
Yahoo!

6. What is a radar?

A radar is simply buying one share of a stock, bond, etc. This allows you to keep an eye on the stock to track how it’s doing without investing a huge portion of your portfolio in it.

7. When/what are the HSX seasons?

HSX has 3 seasons that are each 4 months long. The seasons start on January 15, May 15, and September 15. Your Season-To-Date percentage is based on your percentage increase from the first day of the season. For purposes of the leader board, HSX used a minimum of $2 million as your starting value (so that people can’t ‘cheat’ by running their port down to a low amount before the start of the season). The Year-To-Date race is handled the same way. The HSX year begins on January 15.

8. What is an internal multiplier? Why is it important?

The internal multiplier reflects the ratio of Weekend boxoffice to opening day boxoffice. Weekend BO/Opening Day BO = internal multiplier. Generally speaking, an internal multiplier over 3.0 reflects a potential for good legs through a movie’s release. An internal multiplier equal to or under 3.0 reflects front loading and the potential for weak legs through a movie’s release. Films of different genres will often have very clear trends when it comes to internal multipliers thanks to their target market. For example, horror films often have very poor internal multipliers since their intended audience will often rush out to view it on the Friday night, while children’s films will often have great internals because parents often wait until Saturday and Sunday to take their kids.

9. How much commission does HSX charge on each trade? When is the commision free trading period?

HSX charges 1% commission on all trades with two exceptions. There is a free trading period which starts on Saturday at 1PM EST/10AM PST and ends
on Sunday, 1PM EST/10AM PST. And no commissions are changed when a stock or bond cashes out.

10. Strategy guide?

Strategy guides are an excellent resource for both the casual and serious trader alike. There is an extensive compilation of trading documents/article located here at HSB&R. This guide is broken up into various sections according to playing levels ranging from Universal concepts (general) to the Illuminati (advanced). In additional to this resource there is also the HSJ Strategy Guide which also offers some valuable and relevant information.

Always bear in mind when surfing through these guides that just because an article might be dated doesn’t mean that it is still not relevant. Concepts covered often withstand the test of time since the game has not changed at its core for quite some time.

11. What is a platform release?

A platform release is a distribution pattern where the movie is initially released on a small number of screens and then adds more theatres week after week. HSX considers a film to be in wide release if the film appears on 650 or more screens. If the film is in wide release, it will delist after 4 weeks. If not, it will delist in 12 weeks.

12. When will my Stock/Option cash out?

Cash-outs happen Monday (or Tuesday or Wednesday for certain holiday weekends) evening after ERC has released actual box office numbers from the past week. Wide release movies cash out after four weekends and limited release movies cash out after twelve weekends. Check our box office charts for dates on the movies currently in release. The regular call and put options on wide release movies cash out on the Monday after the opening weekend (or Tuesday/Wednesday for some holiday adjusts). Special warrants will have their delist date listed on the HSX detail page.

13. I see that some StarBonds in the past traded above $1000?! What gives?

In October 2001, HSX revamped the way StarBonds are valued and how their adjusts are calculated. The old system was very confusing with adjusts based on whether a bond changed rating. Only a handful of people actually understood the system under which bonds traded in the $1000 range. With the switch to the current bond system, bonds were simplified so traders no longer need to be rocket scientists to understand them.

14. What is reshorting?

Re-shorting is a method of making cash available that is tied up in profitable shorted stocks. If you have a stock shorted, and it has gone down, you have made money. You can cover the stock and then short it again, which will require less money. Thus, you will have freed up some cash while still holding the stock short. Most people only re-short during the commission free period.

15. What is a TAG? How is it calculated?

A TAG is a bond’s trailing average gross. It is equal to the sum of cumulative box office of the actor’s latest five credited films
divided by five. If there are only four films in a TAG, divide by four instead of five. If there are three or fewer films, divide by three.

16. How do I calculate Stocks/Options delists?

MovieStocks adjust in price to reflect box office gross and then are cashed out and removed from the Exchange four weeks after they have been in wide release or twelve weeks for limited release. If a movie goes wide after opening limited, it cashes out four weeks from the wide opening date.

Options have a “strike price” that is set according to what the market expects the film to gross in its opening weekend. The value of an option is
determined by the supply and demand of the market. Options are cashed out at a price equal to the opening weekend box office gross (in millions) minus the strike price. Thus, for a call option to be worth more than you paid for it, the film must gross more than the strike price PLUS the price
you paid for the option. If the film makes less money than the strike price, call options cash out at H$0. For a put option to be worth more than you paid for it, the film must gross less than the strike price MINUS the price you paid for the option. If the film makes more money than the strike
price, put options cash out at H$0.

17. I have an idea for a Fund, how do I apply? What are the criteria?

Funds are an excellent resource for traders, especially new traders as they offer an example of various types of trading methods as employed by their managers and also offer a virtually guaranteed return of investment (though it varies by fund and is much lower than most other investment opportunities). Fund managers are active players of HSX who management entrusts with special portfolios that other traders can invest in. Every H$1 equates to H$1,000,000 in the Fund itself. To qualify for a Fund you must have a single portfolio valued at over H$50m and you must fill out this application.

18. What is limit trading?

Limit Trading allows you to trade stocks once they have reached a certain price.

There are two types of limit trading.

A limit sell order allows you to sell a stock when the stock reaches a certain price higher than the current price. For example if a stock is trading at 10, you can put in a limit sell order at 15. If the stock reaches 15, your order is executed and the stock is sold for you.

A limit buy order allows you to buy a stock when it reaches a certain price lower than the current price. For example if a stock is trading at 15, you can put in a limit cover order at 10. If the stock reaches 10, your order is executed and the stock is bought for you.

Bear in mind, you can’t set a limit order to stop losses, only to lock in profits. If you set up a limit order to sell, the advanced broker assumes you want to maximize your profit so the order is executed as soon as the stock’s price meets or exceeds the limit price. So if you have a stock held long at $50 you can set a limit order to sell at $55 but if you set an order for $45 it will be executed right away since $50 is above the limit order you entered of $45.

19. PDFTT, SITWAP, ARB…what the hell? Plus other symbols…

Like all communities, HSX has its own language. HSX and Ticker Talk (TT = the message boards) has a number of words and expressions that are commonly used. Some are in fashion for a while, others stay over time. Find the most commonly used phrases in this strategy guide article.

20. What is cold cash? Is there a ‘trick’ to winning it?

Cold cash is a chance to get free money for your portfolio with virtually no effort. To find Cold Cash, click the “Need H$ Click Here” box on the left side banner and then click Cold Cash. This will bring up a page with typically one or two banners which are your opportunities for free cash. Click the banners and you will get a pop-up box which tells you whether or not you won. If you have a pop-up blocker, you may not get the pop-up box but you will still get your money if you do win. You can check the Virtual Bank section of your account history to see if you won or to verify your account was credited if you know you won. You can only win once a day on each banner so once you click the banners, there’s no need to click again until the next day. Cold Cash winners are selected at random. There is nothing you can do to increase your chances of winning other than being sure to play Cold Cash every day.

21. When do MovieStocks halt/unhalt?

MovieStocks that are opening in wide release (650 or more screens aka locations) will halt at 1PM ET/10AM PT on the day that they open wide. They will then unhalt on the day they are adjusted, some time in the afternoon. The time varies and is not set, but normally occurs between 2PM and 4PM ET/11AM and 1PM PT. After the stock unhalts, it is available for trading again. However the price will stay frozen for several hours until reset.

22. Is red good or bad?

BAD! Red means you are losing money! WHY you are losing money should determine whether to cut your loses or ride out the fluctuations. (Note that red in the shares held column simply means that the stock is held short, its the net/gain loss and today’s change column where red is positively evil).

23. What is a short/cover?

The simple rule behind short selling is that if you think a particular
security is overvalued and the price is going to go down, you should sell
the security “short.” On the Hollywood Stock Exchange, almost anything
goes, including using the failures of others to make a profit. If the next
big blockbuster film looks to be an over-hyped, overrated mess, you can
still make a profit by shorting. Covering is the opposite of short
selling. Realize your profit/loss by covering your shorted security. You
must already have the item short prior to covering it.

24. How do I graph my net worth? Can I do it for longer than 90 days?

HSX offers a graphical representation of your progress for the last 30, 60 and 90 through a link from your portfolio. When this feature was first introduced it was possible to manipulate the graph URL to display your entire port history but that has since been disabled by HSX and is no longer possible.

25. What is day trading? How do I make money from it?

Day trading is to trade based upon movements of a stock and to usually sell the same stock when it has gained or lost position. Movements are usually created by news and players buying/selling a stock. For instance, STCK1 is selling at 10 and has moved up 1 1/4 of a point based upon news that a major star has joined the movie. Day traders will buy this stock and then sell it when it has moved up in price during the day. They will do this for multiple stocks either buying or shorting depending on the movement of the stock.

26. I referred a friend to HSX via the Tell-A-Friend program but where’s my $100k?

First, your friend must type your username correctly, with the right capitalization of the letters. Second, you don’t get your referral bonus until they have logged in and traded a couple of times – HSX wants you to refer active new players. Finally, when that’s done, it takes a few days to process the bonus.

27. What is this manipulation I keep hearing about?

Manipulation is any activity which attempts to unduly influence the price of an HSX security. Manipulation is illegal on HSX and subject to fines and possible account confiscation. There are different types of manipulation, some blatant and some more subtle. One fairly blatant type is to post on TT something like “Buy MOVIE! It’s going to be huge!”. Attempts like this don’t work as they are incredibly transparent and likely to be shouted down by others on TT. Another type of manipulation attempt is making the same trades in multiple accounts. This will not be caught by other traders but will be caught by the Hollywood Securities and Exchange Commission (HSEC). If you suspect manipulation of any kind, you should send an e-mail to hsec@hsx.com with the details.

28. Why is Saturday so often a down day for my port?

Commission-free trading occurs on HSX from 1PM ET/10AM PT on Saturday until 1PM ET/10AM PT on Sunday. Many traders take advantage of this time to ‘clean’ their ports, i.e reshort stocks and/or sell securities to free up cash for upcoming films/investment opportunities. Also, daytrading runs rampant on Saturdays due to the lack of commission and day traders will jump onto the fluctuations causes by reshorting and the freeing up of cash which further exaggerates losses. As a result, Saturdays are often referred to as ‘red days’ because a lot of people lose money. There’s no need to worry, as you will normally make your money back by sometime on Sunday.

29. Is there a way to login to my port automatically?

http://movies.hsx.com/servlet/Login?destPage=/servlet/Portfolio&loginSrcPage=hsx&command=login&username=USERNAME&password=PASSWORD

Replace “USERNAME” with your username and “PASSWORD” with your password. Remember that both are case-sensitive. Also, remember that if you fill in your username and password and save the link to your favorites, anyone with access to your computer will have access to your port.

30. What is dROI (daily ROI). How do I calculate it?

dROI (Daily Return On Investment) is a measure used to calculate your return on investment. Use the following to calculate a hold on any stock
or bond:

dROI = (expected value/current value)^(1/# of days) – 1

31. When can I buy new IPOs? When do their prices start to move?

It varies by security type. MovieStocks and StarBonds will open for purchase usually at 8AM EST/5AM PST the day of the IPO and will move at reset the following day. Options and Blockbuster/Oscar warrants will also begin trading at 8AM EST/5AM PST but will usually not move until after 1PM EST /10AM PST the following day, sometimes longer in the case of the special warrants.

32. What is a port?

Short for portfolio: your portfolio is your current HSX account informing you of the amount of money you have and the securities you are currently invested in.

33. When do the Funds adjust?

Funds don’t adjust. A fund is a regular portfolio played by another player, and its value always follows the value of that portfolio. Every time the portfolio gains H$10,000, the fund price gains H$0.01.

34. What’s the deal with interest rates? Why do they change from time to time?

HSX pays interest on the cash traders hold in their portfolio. The ANNUAL interest rate is shown at the top of your portfolio. It is equal to the federal funds rate and changes whenever the federal funds rate changes. Changes to the interest rate will be posted on the href="http://talk.hsx.com/announcements/index.htm">Announcements board.

35. How do I suggest a StarBond/MovieStock for HSX to add to the exchange?

If you don’t see a movie/star listed that you think should be listed, email HSX your suggestion at macdaddy@hsx.com.

36. Any good advice for making H$?

Buy low, sell high.
Short high, cover low.
If you are just starting out, play very short term.
Play the openers. Getting a big mover right can be Nirvana.
Play the players, also known as daytrading, by following daily trends.
Play reset by following movements at reset.
Play StarBond adjusts. You can find advice on bonds here.
Remember, it’s fake money!

37. Is there a maximum limit for a MovieStock adjust?

No. Nor is there a minimum adjust.

38. Is there a maximum limit for a StarBond adjust?

All films and their contribution to an actor’s TAG is capped at H$250. As such, it is not possible for an actor to adjust to over H$250 within this current system. For a detailed looked at the StarBond system and its inner working check out the HSB&R Strategy Guide.

39. What does ‘volume’ represent for securities on the exchange?

Volume, for securities on the exchange, show how many shares of that particular security were traded (either through buying/selling/covering/shorting) for the previous day.

40. What is the HSX Ticker?

The HSX ticker is a nice piece of graphics that looks cool and professional. But honestly, it’s not a useful trading tool. It reports a random selection of recent trades and tells you if the traded stock is up (green) or down (red) for the day, but it doesn’t tell you if the reported trade was a buy or sell, and you can’t know all the trades that aren’t reported. Instead, refreshing your port (especially if sorted by daily change) or using the Market Lab, will give you the same kind of information in a more organized way.

41. Why does the gross to date for film X not appear to be correct?

HSX updates the box office gross shown on each stock’s detail page once a
week after the weekend actuals are released. The gross shown on each page
is from ERC, HSX’s source for box office receipts. For movies still in
theaters, the gross shown on the detail page will only appear to be correct
once a week when it is updated.

42. How do I reset my port? Why would I want to?

Resetting your port removes all stocks/bonds/funds, etc from your portfolio and resets your port value to $2 million. You can only reset your port once in an HSX season. If your portfolio has fallen far below $2 million and you are having trouble making money back, you may want to consider this option. Also, people sometimes reset their port to start a YTD/STD race so that they always retain the same username from year/season to year/season. To reset your port, click on the ‘Account Information’ link at the top of your portfolio page. Then, scroll down to the ‘Reset Account’ section.

43. Why is Stock A moving up/down today?

Several things can affect the movement of a stock.The most basic answer: If the stock is moving up, then traders are buying or covering the security. If the stock is moving down, then traders are selling or shorting the security.

The detailed answers:

News. Good news can move a stock up. Bad news can make a stock plummet. Look for news on the Movies board or the href="http://talk.hsx.com/announcements/index.htm">Announcements board.

Reviews. Good reviews can have the same effect as good news and bad reviews can work their magic just like bad news.

The Stock is nearing it’s opening date. As stocks near their opening dates they become more volatile and the price shifts with the market’s
perception of potential.

The Stock’s opening date has moved. If an opening date is moved back, the price could drop. Especially if the move is out of a prime slot. A
move into a prime slot could cause the price to rise.

Check the calendar. Is the stock scheduled to delist?

Market irrationality. Sometimes a stock moves for no other discernible reason than market forces.

44. How can I get a text version of my portfolio?

Just click on this link and log in as usual.

45. What happens to a StarBond when someone dies?

If an actor dies he is removed from the exchange at his trailing average gross (TAG).

46. How is interest calculated?

HSX pays out interest on the cash that you do not have invested in your portfolio. This interest rate is tied to the federal reserve interest rate in the U.S so it fluctuates from time to time. Interest is paid daily in your porfolio by the following formula: (free cash * interest rate)/365.

47. Why aren’t my stocks sorted alphabetically anymore?

The portfolio can be sorted in a number of different ways – just click the column header or the “release date” or “phase” links. Alphabetical is the default way and very useful for small ports or big systematical overhauls. Sorting by daily change can be useful for day trading and sorting by release date is a favorite among bigger ports and less active traders. Explore the possibilities and find out what works for you.

48. Can I sort my StarBonds by adjust date?

Unfortunately you can’t sort StarBonds by adjust date since this information isn’t stored anywhere in the HSX system at this moment in time.

49. How can I sort my portfolio differently?

By default your portfolio is sorted alphabetically by stock symbol, however, it is also possible to sort it by number of shares held, current price, daily change, net gain/netloss, production phase (MovieStocks only) and release date (MovieStocks only) by clicking on the hyperlinks at the top of the MovieStock table heading. Different people prefer different views, its up to you to decide.

50. How do people know when the board ‘rolls’ on TT?

The board rolls when it reaches a certain size (usually between 68k-71k bytes). You can check the size of the current board by right clicking on the page and viewing the properties. Its not an exact ’science’ but its pretty close.

51. What happens if I’m holding a stock short and its share price doubles?

The simple answer is then you lose 100% of your investment. Unlike when you hold a stock long, your potential losses while short selling are theoretically limitless. Worst case scenario with a long is that it loses its entire value and is delisted at $0, at this point you have lost your entire investment, however, suppose you short a $1.00 stock and then that rises to $30? You would have lost your initial investment times 30. This is why long term shorts are not to be taken lightly. For more info check out Huy’s column on shorting (don’t let the age fool you the principles are still the same today as they were five years ago).

52. StarBond Delists?

Just like MovieStocks, inactive StarBonds are delisted after a given period of inactivity. While HSX does not announce these delists beforehand, the general rule of thumb is that if they have not been credited on a MovieStock for three or more years and are not slated to appear in one in the future they are usually removed from the Exchange. Also important to note is that they are delisted at their TAG and not their current price. This is important because these Bonds are often trading way below or above their TAG at the time of their delist, hence, quite a bit of money can be made. HSB&R has a dedicated page for inactive StarBonds which can assist in spotting these delists before they actually occur.

53. How are the % Gain figures calculated?

The leaderboards are updated once a day, reflecting your progress up until roughly 2am of the day in question. However, note that $2m is the base point for all calculations, so $4m is a 100% growth, $6m is 200% and so on. Also, for arguments sake, say your port slipped to $1m and you then grew your port to $4m, your gain would be 100% and not 300% since growth is always calculated on the $2m base.

54. What happens to Shorts held on Movies that Delist?

They are treated just like a long and the difference between the last traded price and the delist price is reflected in your account. So if you are holding the max of X stock short at $20 and it delists at $18, then your account is credited with $2 times 50,000 or $100,000. Portfolios are not charged commission on these delisting stocks.

55. When are the box office totals updated for released stocks?

The totals are usually updated on Monday afternoon after the actual weekend numbers are released by the ERC.

56. Why isn’t X section of HSB&R working/updated?

HSB&R is a fansite and not formally affiliated with HSX in any way. As such, all members of the site are volunteers with real jobs and families that take priority over site work. Due to this fact there may be times where certain sections of the site are not updated as often as we would like or where they may be completely unaccessible. Please be patient and if you do have a query e-mail us directly at staff@hsbr.net as opposed to posting your query on TT. This will ensure the most timely and accurate response.

57. Can I have multiple HSX accounts?

The official word from HSX is yes, you can have multiple accounts, provided that you employ different strategies in the different accounts.

58. Why do MovieStocks/StarBonds prices move at different intervals?

MovieStocks and StarBonds will have different increases/decreases based on their current price. Below is the listing for both:

MovieStocks less than $20: 0.13
$20-40: 0.25
$40-60: 0.38
$60-100: 0.50
Greater than $100: 0.63

StarBonds less than $20: 0.13
$20-60: 0.25
Greater than $60: 0.50

Also, no one knows exactly how many buys/covers or shorts/sells it takes to make a stock move one interval, only HSX.

59. When do the weekend adjusts of MovieStocks occur?

There is no set time when adjusts happen each week, but it is usually between 2PM and 4PM EST. The HSX Administrator on duty will usually post the adjusts to both the Announcement board and Movies board on TT.

60. How do I set up my own Movie League? What are they good for?

Leagues are very simple to create, simply log into your account and then click the ‘my league’ link at the top of the page. Once there you can add anyone you want to your league provided that you have their username. You can either get these usernames by asking the person in question or by looking at their posts on TT. Everytime someone posts to the boards their username is included as part of the message URL.

Leagues can be a fun way to compete amongst portfolios of similar size and measure your success against that of others. It is always very useful to have good players leagued as a yard stick for how well you are progressing.

I would like to thank my fellow sitemates (in no particular order) Ultimate Frisbee, Bickle Jr., TWuG, Obiah, Txredd, ty97 for their great help in writing this FAQ.


Posted by Ultimate Frisbee in Commentary (January 4, 2007 at 8:39 pm) / Permalink

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