Friday, January 9, 2009

iPredict on Nightline

TV3 have just visited our incredibly untidy office to film a piece for Nightline on our climate change contracts. Fingers crossed, we'll be on tonight's show at 10:40.

49 comments:

KingKarl said...

Cool. I'll be watching.

Pacific Empire said...

It wasn't messy at all, you looked very professional.

Luke H said...

Stock suggestion: JWH-018 to be banned by December 31 2009

smartypants said...

Stock suggestion: Put/call Options on existing stocks ?

Anonymous said...

Stock Suggestion : Copyright Amendment act to be rewritten by Dec 2009 (after the upcoming Feb 28th changes)... I can't even believe this is coming into legislation!

http://creativefreedom.org.nz/s92.html

Carl said...

Can we get something to stop us hitting the Confirm Trade button once an order is going through. I keep ending up with multiple orders of stocks because I push the button again after the page craps out.

Thanks :-)

Lt.Gorman said...

i've submitted multiple trades before too. sometimes the website is quite slow, particularly on mobile devices, takes a long time to load and process trades.

Legs said...

LtGorman - out of interest what mobile device are you using>

Lt.Gorman said...

iphone. probably needs an ipredict application for it.

Anonymous said...

I personally prefer the confirm trade button, if I choose to buy $50 worth of a stock it is good to see how many stocks I will be buying for example before I submit the trade.
I also use a windows mobile device and I'm writing a basic view stock page for Windows Mobile so I can see all current stocks displayed with their next buy and sell prices.

Carl said...

Interesting to see there is a copycat already. It is a matt burgess too?!

http://test.ipredict.net.nz/

-------------------------

http://centralops.net/co/DomainDossier.aspx gives:

registrant_contact_name: Matt Burgess
registrant_contact_address1: 75 B Harakeke St
registrant_contact_city: Christchurch
registrant_contact_country: US (UNITED STATES)
registrant_contact_phone: +64 21 488268
registrant_contact_email: mattb02@gmail.com

Luke H said...

Huh, that's interesting. Looks like someone is copying iPredict rather than using the same software. By the amounts by each trader, it's just a testing ground at the moment.

Unfortunately with current legislation this is technnically illegal. Might be interesting to see if the Securities Commission do anything about it (assuming it becomes open to the public).

Anonymous said...

It seems to be a copy of
http://www.thewsx.com/

Anonymous said...

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10551657

*watches the OCR stock move*

:)

Lt.Gorman said...

ummm... whats happened to the monthly qv results? They are near on two days late

Luke H said...

Yeah, they haven't been released yet - maybe someone should email the QV people

Economist said...

Lt.Gorman: coming out on Thursday - not sure of the exact time or why they've deviated from their usual Monday release.

Anonymous said...

Can someone shed light on whats been happening with the OCR29JAN stock prices today? I've tried to find some news on the net but haven't found anything too significant to warrant these dramatic price swings.

Cant wait for forums to discuss this sort of thing!

Graeme said...

Probably this news on the OCR today: http://www.nzx.com/news/economy/4817095

Anonymous said...

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10551762 - Herald article on upcoming OCR rate cut

Kingkarl said...

Oops. Didn't forsee this drop coming. There goes $250!

Anonymous said...

http://tvnz.co.nz/business-news/national-bank-and-anz-drop-mortgage-rates-2441202

For a while there the .05 OCR was half a point lower than the 0.25 ... Bizarre!

Watching this market is like watchin a herd of sheep careering around the paddock

Luke H said...

It's hilarious, and AWESOME! :-)

Lt.Gorman said...

Anonymous - In this case we are the sheep, the media is the dog.

Anonymous said...

What are the thoughts on the QV ?

Colonel said...

I don't know if I have just noticed this, or whether it has always been there, but the "Probability" line by each stock on the Browse Stocks page is really annoying. It simply duplicates information and is more to wade through when one wants to browse at a glance.

e.g. Price: $0.86
Probability: 86.00%

I can understand that iPredict may be trying to get the message across to casual visitors or new traders that price=probability, but maybe it should be confined to the home page.

(I know Matt will suggest I write my own API, just thought I would mention it...)

Colonel said...

Indeed, if there is room for a further line on the Browse Stocks page, I would rather see my "Avg. Cost" or "Rev/Stock Received At Sale" values there.

Actually, is it possible to have those values added to the "Stock Details" page? At the moment I can see my holdings (quantity) but not what I paid for them without going back to the My Portfolio page.

Anonymous said...

Are QVs in ? Stocks have just moved a bit, it looks like a draw between chch and auck. I cant find the imfo on line tho

Lt.Gorman said...

so the share price for AK and CHCH has squared off at 50/50 and i see no new QV results yet. Who gets them so early??

Pmoney said...

Yeah, I can't find the results... perhaps they pre-release them to the media?

Lt.Gorman said...

oh well, at least i had a couple of hundred CHCH shares

Sam said...

They do release them early but only to a select few agencies who use the information in other statistics which themselves are released after QV date it just allows them more time to process the data. I'm not sure who does get it and I for one didn't but was lucky enough to have a few CHCH on hand

Anonymous said...

Here is the news link on the QV data

http://www.stuff.co.nz/4819509a13.html

Anonymous said...

looks like the 100point cut is most likely (according to ipredict)... yay for low mortgage rates :)

http://www.stuff.co.nz/4818590a13.html

Lt.Gorman said...

ummm why did CHCH just go up to 70c?

Luke H said...

No idea, but its all good :-)

Anonymous said...

official map has finally been published

https://www.qv.co.nz/onlinereports/propertyvaluemap.htm

Anonymous said...

Hi, when will the QV stock close ?

Pmoney said...

I'm intrigued to know how the QV stocks reacted so long before the figures were publicly available. My guess was it was due to people in the media, as the stuff.co.nz story appeared before the QV site was updated. It'd be interesting to hear others' thoughts though!

On another note: Matt, I understood there were plans to be able to view the top traders by percentage gain in the pipeline. Is this still going to happen?

Sam said...

I too would like to see traders ranked by percentage gain, it'd be much fairer and smaller traders like myself might be in with a chance of having our name in lights

Luke H said...

Maybe the staff at QV decided to get in on the action with a bit of insider trading, as encouraged by iPredict?

Luke H said...

Suggestion: how a graph of each trader's cash and net worth over time, plus when their trades occurred, just as there are such graphs for the stocks?

Probably visible just to that trader, though.

Colonel said...

Sam said...
I too would like to see traders ranked by percentage gain, it'd be much fairer and smaller traders like myself might be in with a chance of having our name in lights


Well, I would then set up a separate account for each trade, until I happened to hit one that put me in the top 10.

Pmoney said...

Colonel, you'd be more than welcome to do that, if you had the time and/or inclination (and provided you deposited the minimum amount each time). Surely, however, if you wanted to get your name near the top of the trader rankings, you'd just deposit $1000 every six months?

You do raise a good point though - perhaps ranking traders by percentage gain should be done with some minimum conditions as to number of trades/account activity imposed?

Kingkarl said...

Who really cares? This isn't a popularity contest.

Luke H said...

Well, I would then set up a separate account for each trade, until I happened to hit one that put me in the top 10.

Colonel, you'd be more than welcome to do that, if you had the time and/or inclination (and provided you deposited the minimum amount each time).

In theory, you are only allowed one user account. Of course, the flow of additional money into the markets would make them more liquid, and hence more accurate, so I wonder if the one-account rule would be enforced ...

Anonymous said...

I've got zero interest in the league tables. In fact, are there not privacy issues here? Bank's don't publish tables showing their leading customers. Do other prediction markets/online betting shops?

Luke H said...

It is up to traders whether they use their iPredict handles here in the comments or elsewhere, so IMHO there isn't a huge privacy problem.

Matt Burgess said...

Thanks for all the features suggestions folks - I'm about to post to the blog a list of suggestions for your feedback and your thoughts on priorities.