what the heck is – [X]Pendapalooza – you ask, much less the number 8 part … well [X]Pendapalooza is an occasional member-sponsored event, this version being the eighth time it has been held over the past year and half or so. during an [X]Pendapalooza event EA members join a group that works to promote each other and the buying and (hopefully) holding onto of shares in group members. basically it’s a massive feeding ..er.. buying frenzy of emp ave stocks. For the most part an [X]Pendapalooza is a good exchange between member/players resulting in new connections and increased shareprices and holdings. But some players fail to honor the “holding of shares” and within a couple of days dump the shares they just purchased for the quick marginal gains.
[X]Pendapalooza #8 was a positive event for me. It helped that it was well planned in advance with sufficient notice so players could save up eaves for it. Here is my tally-sheet for the weekend share-fest:
(note: all monetary amounts are in “e’s” for “eaves” the emp ave play-money)
Earnings (last 24 hours)
Shares Sold – appx 62,000 shares for 12,959,281.37e
Sales Revenue – 1,295,928.13e (you get 10% of total value)
Achievements/Awards 12,500.00e (2 awards earned)
Other Revenue – 663,500.00e (from completing missions created by other players)
Expenses (last 24 hours)
Share Purchases 3,521,017.61e (value of shares I purchased in other players)
Store Purchases 420,000.00e (cost of missions I created to reward other players)
Now then, while the accountants amongst you are totalling this up and saying to yourselves – he spent almost 4mil to get 2mil in return, for a loss of appx 2 million of those eavie-things … so why bother!?
Well yes … that’s how it looks on paper. But as they say “gotta spend money to make money” … even when it’s play-money! But remember up above I mentioned that the [X]Pendapalooza8 event organizers gave good notice of this event, so I had a couple weeks to save up some of that EA play-money to play with! Some of which was tucking away a few eaves from sales of my shares for 2 weeks, plus saving some of the daily dividends I get from owning other players’ stock, and thirdly – saving some cash earned over the 2
weeks from doing missions. So some of my purchases during [X]Pendapalooza8 were delayed buy-backs, but at any rate I did not go in-the-hole during this event. Many of the purchases were made in new connections who will hopefully (and most likely) reciprocate by purchasing my shares in the near future, which repay me and keep me growing. And lastly, there was a happy coincidence of two EA-sponsored upgrades being offered – one that if purchased made your shares Commission Free for a day and half, and another called PIE#9 that increased the number of shares you can buy in another player to 900 – which together created a great opportunity to Top-UP on peeps that you were previously maXXed out on, especially high dividend stocks that bolster your daily earnings!
So in the aftermath of [X]Pendapalooza8, I gained several things:
- I sold a lot of shares (over 60,000) boosting my outstanding-shares to over a half million!
- I added over a hundred new shareholders.
- The buying frenzy also increased the value of my shares to over 200e/share.
- I earned two Awards – for outstanding-shares, and became a member of the Double Centurion Club (Shareprice over 200e)!!
All in all, [X]Pendapalooza8 was a great event!
Now I’m looking forward to Xp-9!!!