Checking Market Activity on Tablet

Final World Series game tonight. Cleveland fans selling

Chicago Cubs vs Cleveland Indians. The home team is not too confident.

The Chicago Cubs have not won a baseball World Series since 1908. The Cleveland Indians have not won since 1948. That is a lot of years for those two franchises.

The Cubs won last night tying the series 3-3 and sending it to a final game 7. The winner is the champion. The final game - like the 6th game last night - will be in Cleveland.

If you watched the game though, as Chicago was taking a commanding 7-1 lead (they won 9-3), the cheers for the visiting team were just as loud as the cheers for the home team. Clearly, the away team - desperate for their first championship - will travel the 345 miles to be present for history. They will also pay up. But that price will only go up as long as demand outstrips supply.

TicketIQ tracked the price of the tickets for sale on their ticket broker site through the game last night. As the Cubs built an early lead and increased that lead to 7-0 after 3 innings, the price started to surge as Chicago fans bought feeling certain, there would be a 7th game and the dream of being their started to enter their heads.

The price peaked at just under $3000 and then started to come down. Why? Profit taking from the home team fans.

Cleveland fans watching their team drop the last two games, started to see dollar signs instead of World Series victories. They started to lose faith in their team. Tickets started to flood in and the price plummeted. By the end of the game the price was back to around $1800 per ticket.

So like in the forex market, prices of game tickets can also go on a wild ride up and down. They also can move on emotion. In fast market conditions if you are short, you may have to pay up if the price is going higher. However, there may be some big players (or in this case a lot of players) who are waiting for your emotional buying. Some may time the sale just right, and sell at the high. Others may get caught and have to chase the bid lower and lower and lower.

Still if you can get $1800, that still is pretty good. What is likely, however, is that the home field advantage will be less as Cubbie fans travel and fill the stands hoping for 100+ years of futility, finally come to an end.

Will it though? I'm thinking Cleveland wins and disappoints those that sold and those that bought. Wouldn't that be apropos for both team fans?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics


Latest Markets Videos