2016 BTC Market Transaction Thread - Weeks 8 and 9

[coit]

Welcome to Weeks 8 and 9 of the BTC (Butthurt Trading Contest) Market. If you don't know what this is, check out the rules thread here:

https://www.stingtalk.com/board/threads/coits-butthurt-trading-contest.89117/

Opponent: Duke
Point Spread: GT -7.5

The Opening Price for Butthurt this week is $127. This comes from the Week 7 closing price of $189, adjusted downward by 12.5% due to the win and a 20% downward Butthurt adjustment made due to GT beating the point spread. The Butthurt bank is at 10%.

Another week of no interest in BTC trading. Duke has in recent years been a significant source of butthurt. Will that trend continue? Currently, those who were all butthurt and no cash going into the season are leading in the contest.

Post your trade in the thread, with the other party to confirm the trade by replying. All trades will be tracked in the log below.

 

[gth874t]

Selling 50 shares @ $139 ea

 

[Akinji07]

If nobody trades within the 10% range of your market price, then is that really market price?

 

[coit]

If nobody trades within the 10% range of your market price, then is that really market price?

So do you think we should remove the 10% restriction? I figure the next 3 games there will be a big divide between people who think we will win and those who think we will lose. It is too bad the negative nancys aren't playing to buy up all the butthurt from the folks who think we will win.

 

[Akinji07]

So do you think we should remove the 10% restriction? I figure the next 3 games there will be a big divide between people who think we will win and those who think we will lose. It is too bad the negative nancys aren't playing to buy up all the butthurt from the folks who think we will win.

Don't remove it because then the market price will be all over the place. Maybe increase the range? I think the problem is nobody's willing to buy butthurt at $200 so they'll wait a few games for the price to come down and buy right before UNC or VT.

There should be an option maybe to sell to the BHC bank at a discount on Friday. Folks who predicted the upswing in $/butthurt and actually traded should not be punished because no one is willing to buy their high $ BHC.

 

[coit]

There should be an option maybe to sell to the BHC bank at a discount on Friday. Folks who predicted the upswing in $/butthurt and actually traded should not be punished because no one is willing to buy their high $ BHC.

Hey I like this idea! Maybe that's what we should've done the whole season? Although at that point it becomes more of a straight prognostication rather than pairing up buyers and sellers based on their relative butthurtness.

 

[Akinji07]

Hey I like this idea! Maybe that's what we should've done the whole season? Although at that point it becomes more of a straight prognostication rather than pairing up buyers and sellers based on their relative butthurtness.

Well you can always hike the price up for the bank having to buy excess butthurt. That way when the buyers are not buying and just riding the market until the prices come down because we're about to play Duke or Virginia, the downward movement of the price won't be as much after a win.

I say set a volume threshold. If the trade volume is below that, have the BHC bank buy up the shares at a 10% discount than the offer price from the sellers but don't change the market price based on those transactions. Then hike the prices up 25% from the market price.

 

[coit]

Edited OP to add the spread, GT -7.5

So, even if we win, if we don't beat that spread, Butthurt price is going up. Should be a good time for the negative Nancys to buy!