Home     About Us    Contact Us     Contribute     Privacy
Mutual Funds
Related Articles
Related Discussions
Related Definitions
Related Categories
Tip of the Day

Tip of the Day Don't try to Pick Stocks

Don't try to Pick Stocks - Some of us when we have extra money think that we can invest it in the stock market and earn some returns on...

read entire tip

Related Podcasts
Recently Added
Other Great Sites

Sports Stock Market

Just over a year ago, OneSeason opened, a stock market for the Sports Enthusiast.

"Here's an ironically appropriate Web startup for today's calamitous economic times," said Brad Stone of the New York Times. His skepticism was not unfounded.

"OneSeason.com is introducing a day-trading site for sports fans - a Web stock market which allows people to invest real money to own "shares" of their favorite sports players, teams and leagues," Stone summarized in his article. "The word "shares" is in quotes because the shares on OneSeason are, ultimately, meaningless-- only illusory slices of players like Eli Manning or Lebron James, which either rise or fall depending on the demand for those shares among other traders. People can transfer up to $2500 a year to their OneSeason accounts."

OneSeason founder Mike Sroka - no newbie to the market - compared OneSeason stock to playing cards you used to collect as a kid. You know, the ones that came with bubble gum. "The cards have no intrinsic value, but due to limited supply and notoriety of the player, they fluctuate in value," he said.

The site issued IPOs - Initial Player Offerings - three times a day for players in football, basketball, baseball and hockey. Prices ranged between 50 cents and $20. As they drew near those parameters, the stocks either split or reverse split.

The company was partially backed by Kalydus Asset Advisors, a hedge fund out of Dallas where Sroka used to work. OneSeason was trying to generate revenues from a one percent commission on trades and interest income on client accounts.

Unfortunately, their gamble didn't pay off.

"We are disappointed to report the closure of OneSeason.com," says a message on the OneSeason website. "This end of service may come as an unpleasant surprise and is certainly not the outcome we hoped to achieve. Unfortunately we have not been able to create a sustainable business and do not have the resources to continue operating.

We hope that you enjoyed the service. Thank you to everyone who has supported us along the way and created such an amazing community of fans exploring new ways to enjoy sports.

Best Regards,

-Mike & The OneSeason Team"

Discuss It!
1 2 >

best essay au said:

Topic about every type of stock markets are always great and very famous for all age of people. Every person wants to secure their investment so this market is very helpful for everyone.

watford leisure centre said:

Weâre home to some of Hertfordshire and Buckinghamshireâs best equipped, most friendly and affordable health, leisure, sports and arts facilities. Our Centres are located in Milton Keynes, Rickmansworth, South Oxhey, Bushey, Potters Bar and Borehamwood.

click here said:

Now Get information on latest cost-effective and complex Gym Equimpments which are Comfortable to use.||| said:

A very awesome blog post. We are really grateful for your blog post

http://celebrityimages.org/celebrity/2580674/1710319 said:

I agree with your system for thinking.Great tips and clear.

infiniti qx70 car covers said:

Web startup for today's calamitous economic times," said Brad Stone of the New York Times. His skepticism was not unfounded.

publix portal said:

Great post! I am actually getting ready to across this information, is very helpful my friend. Also great blog here with all of the valuable information you have. Keep up the good work you are doing here.

his secret obsession said:

Beaver says I also have such interest, you can read my profile here:

site said:

The Sports Stock Market sounds wonderful, I am delighted to get here at this site and see all the wonderful information about sports and the stock market run underneath it.

https://www.languageofdesires.com said:

These things are very important, good think so - I think so too...

Sexting examples said:

I exploit solely premium quality products -- you will observe these individuals on:

how to get a lot of followers on instagram | insta liker said:

Presently once you have a system of committed supporters and solid group with an enthusiastic enthusiasm for your business

plastic tableware that looks real said:

Within this webpage, you'll see the page, you need to understand this data.

cheap outland gold said:

I invite you to the page where see how much we have in common.

sales said:

I need to grateful. Stunning work ! Every one of you do an amazing on the web journal, and make them huge substance. Keep doing mind blowing.

https://garagedoorrepairman.ca said:

This is a wonderful awakening article.I am for all intents and purposes happy with your incredible work.You put genuinely astoundingly steady information. Keep it up.

Parc Botannia Mass Market said:

I am truly getting a charge out of perusing your elegantly composed articles. It would seem that you spend a considerable measure of exertion and time on your blog. I have bookmarked it and I am anticipating perusing new articles. Keep doing awesome.

money lender reviews said:

Quick Credit Pte Ltd is a licensed money lender in Singapore since 2002. All these years they have helped many people get cash quickly. They are one of the first few money lenders to offer loans on weekends. From their reviews, you can see that they are one of the highly review money lender in Singapore. If you need a loan, you can find them at 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601. Their staff are also more than willing to answer any questions that you may have for them. You can call them at +65 6899 6188

best water sports equipment said:

Water sport equipment reviews, water sport how to guides and information about the best watersporting destinations.

Motion 5 Effects said:

Smash and shatter footage or still pictures as 3D fragments explode to reveal the next image from Pixel Film Studios. With the 3D camera and lights in Motion 5, users can take their shatter effect to the next level. Spin, pivot or pan around the media as it shatters into hundreds of tiny pieces.

Most Popular Articles
Most Popular Definitions
Related Questions
Daily Definition

Definition of the Day General and Administrative Overhead

General and Administrative Overhead – These are costs related to the operation of a firm the stem form its general functions. It also applies to expenses related to any administrative functions. While these are necessary parts of a company’s overhead, it doesn’t necessarily mean any cost that are the result...

read entire definition




Home     About Us    Contact Us     Contribute     Sitemap


Copyright © 2009 TeenAnalyst.com