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How
many tons is Sachin gonna score this World cup?
Who's gonna be India's pinch hitter? Would
Sehwag be back in form? Or would it be
Utthapa who delivers?
Would Zaheer continue his incisive form?
Got an opinion on cricket? Got that hunch,
which you think cannot go wrong?
Well, no longer do you have to sit idle with
that niggling hunch. Now you can back your
opinion by taking a position and prove
yourself right. |
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We bring you CricStock - Cricket Stock
Exchange - India's first
virtual stock exchange where you can trade
in stocks of your favorite cricketers.
So if your hunch says Sehwag is gonna hit
big sixes, it's time to go bullish on his
stock! Buy his shares and sell them at a
premium after the ball has landed in the
stands!
How does it work?
Users of CricStock start with Ç 10,00,000
of virtual cash (Ç stands for CricStock
Rupees) which they could invest
either in the IPOs floated on a regular
basis or play around with it in the
secondary market.
In an IPO, a specific number of a set of
player-stocks are put up for grabs and users
are allowed to bid as many number of shares
as possible (limited by the cash they have
of course) at a price within the designated
price band. Once the deadline for the
bidding period is over, allocations are
done, and the allotted shares of the
player-stocks appear in the users'
portfolio. These shares are now available
for trading in the secondary market. |
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Secondary market trading happens purely
between the users. There's no manipulation
of the stock market by the administrators,
although a few checks might be put in to
ensure that a cartel of users don't
manipulate the market.
Users place an order to either sell or buy a
stock in the market, and when another user
places a complementary bid, the transaction
happens and the market price of the player
stock is correspondingly adjusted.
A user gains more money (cricketing
currency) by trading intelligently and by
earning weekly dividends from his portfolio
of player-stocks, amount of dividend is
decided on how the player actually performs
on the field.
To know more about how CricStock works, read
the
Frequently Asked Questions |
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Apart from trading, you'd also be able to
check out cricketing news, profile stats of
cricket players and discuss your ideas on
our forums. You could also discuss on
cricstock.blogspot.com
Window for the initial bidding for a set of
150 players has already been opened.
Deadline is 23:59:59 hours, March 7, 2007.[
IPOs have been closed! ]
Well then, keep watching cricket and keep
trading on cricstock.com
I'm already registered. Take me to the login
page |
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