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re: Futures trading on movie ticket sales?
Posted on 4/17/10 at 2:57 pm to man117
Posted on 4/17/10 at 2:57 pm to man117
Come March Madness, we used to trade instead of doing brackets. It was pretty cool. The winning team ends up worth $64 and all other teams end up worthless. You could buy and sell all teams. I used to buy the 8 seeds and lower for a total of $1.
2
Posted on 4/17/10 at 4:47 pm to Tiger JJ
I just brought it up because the local media has been running stories about it. Some company is opening an exchange on it since it was approved by the SEC or something. I don't really know a lot about the stock market so I have never heard of anything like this.
Posted on 4/18/10 at 2:17 pm to Tiger JJ
quote:
Come March Madness, we used to trade instead of doing brackets. It was pretty cool. The winning team ends up worth $64 and all other teams end up worthless. You could buy and sell all teams. I used to buy the 8 seeds and lower for a total of $1.
We did it for the NFL playoffs. Have an auction and then a secondary market. I bought the Ravens at auction for 6 bucks and turned around and sold 'em for twelve after they won in the WC round. We did it again for the NCAA tourney, but I missed that auction.
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