Even when a slot opens up, someone else has beat me to it and the model is again full. This has happened numerous times. The e-mail that is sent seems to be generated in the middle of the night (for me at least), making it impossible for me to act more quickly - perhaps people in different time zones have a better chance of getting the slot.
Would it be possible to have an option to automatically subscribe when a slot opens up (first come first serve). This would make it less frustrating.
What should happen if the next waiting subscriber doesn’t accept or decline the opening? If there’s a timeout, how long should it be? Just thinking out loud.
if there were an option to automatically subscribe when there is an opening as I suggested, there would be no waiting - system would immediately subscribe whoever was first on the waiting list that chose that option. if no one on the waiting list chose that option, it would work as it does today (an e-mail is sent and whoever gets to it first gets the subscription).
I see; I read over the automatic part. I would like to see the ability to bid for the next opening. The highest bidder wins with a floor price set by the designer.
Debbie is obviously not a designer and she has a legitimate concern about not being able to sub to a R2G. Although bidding would be good for the designers, it is completely unfair for the potential subs, and the designers should not be so greedy. I vote for a first come first served system.
Bidding kind of seems logical until you realize that the new purchaser would be paying a different price than everyone else who is already subscribing. Indeed, everyone could end up paying a different price after a good deal of turnover. Perhaps doable in theory but it opens a pretty big can of worms.
Edit: thinking out loud: if all existing subs prices were never raised but would be lowered to equal the price of the final bid of the new subscriber (when the new bid is lower), and the designer set the floor price of any new bids, then existing subs would have no complaints. Hmmmmm.
Why are you deliberating over how to get into fully subscribed models when there are plenty of GREAT models that are being ignored? The following models are either at or near the top for ALL models (open or coming soon) and are starving for subscribers:
The question is not how to get into fully subscribed models but why aren’t you looking at top performing models that aren’t fully subscribed? Cost is certainly not the issue as can be seen above.
If these models aren’t to your liking for some reason, then there are plenty more.
W/R/T bidding for slots, perhaps I’ve had too much of the free-market Kool-Aid, but having the price set by supply and demand doesn’t seem evil to me.
With R2G being relatively new, what are the pricing expectations over time? Are developers expected to keep the same subscription price for one year, several years, forever? Can developers even change prices?
As for great models w/o subscribers, that’s certainly true. Add some great, open models to a book and some amazing things can happen! Check this out; I have no affiliation with the designers!
I agree with Steve. There are many good models that are not filled so why not consider some of the others. They might even perform better out of sample over time compared to the model that motivated you to start this post.
Re: Bidding: I don’t really like this idea. I agree with Denny – it seems greedy.
To Steve: Yes, there are good models available that are open for subscribers, but I am already subscribing to a few and finding more that keep me diversified, have low correlation, and have at least 8-9 months of good consistent post-launch performance is difficult.
Small cap stocks have gotten hammered so far this year and most of the R2G models focusing on that universe have followed suit.
The large cap models have done considerably better in this market environment and there are still plenty of great models with open slots left.
Chasing sky-high alphas will get you burned every time.
Small cap stocks have gotten hammered so far this year and most of the R2G models focusing on that universe have followed suit.
The large cap models have done considerably better in this market environment and there are still plenty of great models with open slots left.
Chasing sky-high alphas will get you burned every time.
The initial comment that it is unfair to release subscriptions at 12:30AM CST is still true, it gives the CST time zone and all those westward an unfair advantage. Why not release the slots during what is waking hours for the most P123 Users?
the last few “subscriptions available” e-mails I have received were all generated at 00:20. I assume this is Central time since P123 is based in Chicago. I am also on Central time.
For P123: are these emails sent out in batch mode or individually as the slots are opened? How does it work? This has happened to me as well so I am interested too.
Why not have a button that says ‘auto subscribe when it becomes available’ and you take a number and wait in line based on when you clicked the box? That way - if you have been waiting a very long time you are first. If the model starts to fall apart - you simply uncheck the box and everyone moves up the line by one.
