How many of u visited this site?? How many of u have put quotes..?
A few months ago I started investing in shares through Icicidirect.com but that is playing with the real money, So I was really kind of frightened about it..!
But, when I came to know about cricstock, I was trying to figure out the relation between the cricketers and stocks... This is a crazy Idea.. Donno how those chaps in IIMA got that..! Basically All starts with IPO bidding stuff.. In layman language we can say , while starting to trade on stock market we have to sell the shares at fixed price range. this is known as IPO ( Initial Public Offering ). The idea of the game is based on the fact that players who perform well in the recent period, for them the share value will increase and while for the others because they are not in demand It will decrease. So, If you have the shares of the player who is doing well then, Soon u could become millionaire But only in the Virtual Rupees.
Dont get amazed by this idea, When I thought in a different way I found some irregularities
1. Because game is with virtual money, A player can make 100's of accounts( Only thing is he should have 100 email IDs).
Suppose I make a account I have some 3000 shares of Sachin Tendulkar which I got from the IPO. And for the remaining 99 accounts, I dont bid in IPO.. So for each account what I do is I start buying the Sachin Tendulkar share, So that its price starts Increasing. Imagine I buy shares worth 99 million so Supposedly the share price will increase at least 30-40 times, then I can sell of those 3000 shares to make a whooping profit..
So This is what I didnt like. A single person can control the whole market.
2. Now Second case, We have till now we have supposed that price will be controlled by performance of the player, thats what happens in real markets... But But But... In cricket nothing is like that... A player playing well may not play well in every match..
So I think the market in CricStock will be driven more by the Popularity rather than by performance.
Whatever we say, I should congratulate the makers for this idea.. Lets see if this works..???
Now lets come to the betting aspect of the game...
I sincerely think the game should be played in its true spirit. But whatever this site is offering in virtual money might turn into one with real money... Might be some other site from some other country might offer the same funda with real money..!! Do we want this...?
If u want to maximize to speculative skills why not go for super selector..?
The idea of CricStock is staggering, But have you ever wondered about its rancid fruits..?
I invite ur comments on this site.
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