A number of individuals have tried creating multiple accounts and boosting the net worth of their main accounts by buying up the holdings with the dummy accounts. Market manipulation is strictly prohibited on the simExchange and you will be fined more than you make cheating. It also disrupts the experience for everyone playing.
The Rankings Net Worth page has been changed to the simExchange 500 (like Forbes 400 wealthiest people). The page now includes the percent change in the past day. The rankings page now loads much faster and should become more accessible once again. More changes will be coming soon to this page.
New tutorials are now available for one of the most popular topic -- how to submit content to the simExchange. Three new tutorials covering Submitting Articles, Submitting Images, and Submitting Videos are now available in the Help section. Feedback welcome!
Nintendo Co Ltd's Wario Ware: Smooth Moves (Wii) will be listed on the simExchange at 12:10 AM PST on Wednesday December 13, 2006. The IPO price will be 100 DKP all day Wednesday. This game was first submitted by Simulazn.
Summary of the game:
Smooth Moves is the next installment of the Wario Ware series, games where Wario's video game company called WarioWare, Inc. makes sets of microgames for the player to race through. Each microgame, begins with one or two word instructions and is just a few seconds long. The player loses a life if the microgame is not completed in time. Each sequential microgame becomes more and more challenging. Smooth Moves requires the player to use 20 different methods of remote manipulation to race through microgames of different genres, classified as Sports, Spooky, Science, Nintendo, and Wario games.
Games pending listing not only will be prioritized by voting and release date, but by the completeness of information about the game. If only a single sentence is known about the game, then the game will be on hold until more is known about the game. You can contribute to the information about the game through the discussion forum. DKP credit for game listings is now based on how much you contribute to the final summary of the game -- whether as the original submitter or a discussion member. If you copy and paste text directly from a copyrighted source, make sure to cite the source!
Nintendo Co Ltd's Super Mario Galaxy (Wii), +5.00 DKP (+1.11%), shares were offered to the public on Monday for 450 DKP (forecasts 4.5 million copies sold worldwide over lifetime). The market snapped up 60,886 shares, second only to Electronic Arts' Spore (PC), -4.60 DKP (-1.51%), IPO last Thursday, which had 97,543 shares traded. Many had believed the 450 DKP IPO price, the highest on the simExchange on record, would be too high.
The Spore (PC) IPO had insufficient shares at IPO so that the shares ballooned upward from 200.00 DKP to 305.00 DKP (+52.5%) as participants wanted to add Spore (PC) to their portfolio for the first time. The stock then moved higher to 374.53 DKP (forecasts 3.74 million copies sold worldwide over lifetime) the next day. However, the price move was a result from a limited supply and not an indicator of Spore (PC)'s sales, so the price quickly deflated once buyers finally got their shares. Unlike the Spore (PC) IPO, Super Mario Galaxy (Wii) shares had been offered all day for 450.00 DKP so that all market participants had the opportunity to make it part of their portfolio. This provided sufficient liquidity and resulted in no artificial price explosion after the IPO.
Changes have been made to the trading engine to prevent the bug where prices would change erratically when the network becomes laggy. Please report any strange behavior you may observe when trading by using the Ask a Question form in the Help Section.
A bug in the trading engine had resulted in the drastic 20 DKP drop in the price of Viva Pinata (Xbox 360). All trades after the bug have been rolled back. Sorry for the inconvenience. If you experience strange trading behavior by the trading engine, please report it by using the Ask a Question form in the Help section.
Super Mario Galaxy (Wii) will be listed on the simExchange at 12:10 AM on Monday December 11, 2006. You do not have to log on at this time to get the shares at IPO price. You will be able to buy shares all day Monday at the IPO price, which will be 450 DKP. This is a new experiment in the development of the IPO process.
When you short a stock, you are borrowing shares that you do not own and selling them in hope to buy them back later at a cheaper price. You must maintain cash (called margin) to back this borrowed position (measured as short equity). Your short margin will now turn red if your account is not maintaining sufficient margin to back your short positions. If your account is in the red for too long, you will be subject to a margin call which results in forced liquidations of your positions. These transactions are labeled as margin calls on your Transactions page.