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Mella Elcus
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Posted - 2009.02.19 21:19:00 -
[1]
Seen it been done several times today and I can't come up with a real good explanation to why someone would want to do it.
The obvious answer would be manipulation, but if so why 0.01 isk above the highest buy order? It will just be bought up and relisted.
It makes no sense... and maybe that's the reason 
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Sun Clausewitz
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Posted - 2009.02.19 21:20:00 -
[2]
Are you looking for logic?
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SencneS
Amarr
Rebellion Against big Irreversible Dinks
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Posted - 2009.02.19 21:37:00 -
[3]
Look deeper my friend... Look deeper..
There is a reason, and although I have not seen it I suspect it may be because of something I posted the other day.
Enjoy looking for it, I'm not going to go find it.
Amarr for Life |
Zxenis
Caldari
M. Corp
Mostly Harmless
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Posted - 2009.02.19 21:46:00 -
[4]
Edited by: Zxenis on 19/02/2009 21:46:09
if I got 1 billion pieces of trit, that .01 adds up fast.
edit*, make it 1 trillion
If an injury has to be done to a man it should be so severe that his vengeance need not be feared.
Niccolo Machiavelli (1469 - 1527) |
Gerard Deneth
Caldari
Freelancing Corp
Confederation of Independent Corporations
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Posted - 2009.02.19 21:59:00 -
[5]
It's also an indication that the market has come to an agreement over the proper "price" of a product. As a result, the items essentially sell and buy at the same price (with CONCORD taking its cut). Now product competition occurs more on where the goods are than how much they are. Are you willing to travel 5 jumps to save, or will you pay a premium to have what you want here, and now.
Dr. Eyog would probably explain it better, but you might also want to take a look over on wikipedia and read up on some Supply and Demand. Might be informative why some items trade like this. It's also a good indication that the market for this item is primarily saturated, and if you're looking to trade between the highs and lows, you probably should be looking elsewhere. YYMV as usual.
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The Game's always changing under your feet; don't start moaning when you get a toe caught in the gears. |
Steve Thomas
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Posted - 2009.02.19 22:08:00 -
[6]
a couple of reasons why a buy order will be higher than a sell order
1) where I am localy you often find buy orders that are higher than the highest sell order, thoes are usualy located on the other side of the Low-high sec border from the highest sell order. our local "rum runners" tend to take care of thoes orders though
2) Distance between orders can sometimes pop into the question (localy a buy order for trit at 4.07 needs another 340,000,000 units to fill Via high sec only rout is 15 jumps from its limit (5jumps) to a sell order at 3.68)
and sometimes people just want there buy order to fill first but there is not enough localy when they set the buy order. Thoes people I call idiots because personaly its better to wait a day or two and save an isk per unit of trit. after all their is always someone SOMEWHERE wanting to offload their ore for whatever they can get.
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SencneS
Amarr
Rebellion Against big Irreversible Dinks
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Posted - 2009.02.19 22:09:00 -
[7]
Edited by: SencneS on 19/02/2009 22:10:46
 Originally by: Zxenis
Edited by: Zxenis on 19/02/2009 21:46:09
if I got 1 billion pieces of trit, that .01 adds up fast.
edit*, make it 1 trillion
Know many people sitting on 2.78 Trillion ISK worth of Trit..
This is why some people should never comment on here. The Tax alone makes this unprofitable.
0.01 Is your "sales" per unit.
That means you would have to be buying Trit at 2.76 and selling it for 2.77 in order to break even. Assuming EVE uses standard rounding. There is no Profit to be made.
According to Excel You'd need to buy Trit at 1.66 ISK and sell it for 1.67 before rounding goes below 0.0043999999999 which means you would get 0.01 ISK per sale. Again that's assuming EVE uses standard rounding.
And to turn a 1mil Profit you'd need to buy and sell 100,000,000 units. Good LUCK!
Edit:- Should have pointed out that it only works if people buy 1 trit per order. Which would never happen.
Amarr for Life |
Mella Elcus
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Posted - 2009.02.19 22:23:00 -
[8]
I know there are some cases were this would be kinda logical, but what I'm talking about is when someone puts up a normal sized sell order in Jita, at a price 0.01 isk higher then the highest buy order.
The items weren't particularly overpriced either.
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Steve Thomas
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Posted - 2009.02.19 22:30:00 -
[9]
oh
Someone comented on something simular a while back where they try to buy from the person who was undercut by a penny. its posible they are trying to take advantage of that buy selling for a penny more to try and draw the sale, or they are useing the penny thing to get the system to draw a sale on their low end item, one sec,
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Steve Thomas
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Posted - 2009.02.19 22:35:00 -
[10]
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=988965
this kind of explains it a whole lot better than I can.
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Mella Elcus
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Posted - 2009.02.20 00:28:00 -
[11]
Edited by: Mella Elcus on 20/02/2009 00:28:17
Well, I understand what that post explains and when I need to buy a large volume of something I always buy them order by order.
Still, I can't see what this has to do with the the logic behind the 0.01-isk-over-highest-buy-order-sell-orders.
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Tamarana
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Posted - 2009.02.20 00:40:00 -
[12]
Who that put the buy order only 0.01 isk under the lowest sell order are not computing the cost of commision for the agent (0.75%), unless they have a very high standing so the taxes are reduced to 0% (I don't know if this is possible).
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Raskor
Crossflow Enterprises
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Posted - 2009.02.20 01:15:00 -
[13]
They could have initially selected to sell to a buy order that was 0.01 higher, but insufficient quantity to move their entire stack. So they changed to advanced mode (sorry not in game atm for the exact verbiage) and sold the entire stack. Only the first buy order would have filled and the rest would have become a standing sell order.
Mystery solved?
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Steve Thomas
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Posted - 2009.02.20 06:16:00 -
[14]
ok let me offer the most obvious explination
if its the same person doing the buy-sell order what they are trying to do is price fix. they are putting a floor under that price and saying HEY! IDIOTS Dont bother going under this price because I will just buy you out and mark up.
it also tends to discourage higher prices unless they intend to buy you out and mark up because you will simply suck up the quick sell orders from people who quick sell loot or produced goods.
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Stop freaking worrying about why things the developerd did 5 years and more ago no longer make sence. |
Kat Bandeis
Caldari
Virtual Rock Industries
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Posted - 2009.02.20 07:33:00 -
[15]
Cheap ba$tards? :)
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YouGotRipped
Ewigkeit
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Posted - 2009.02.20 08:10:00 -
[16]
Sounds like a waste of isk, IMHO.
Black Sun Empire |
Professor Jinmei
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Posted - 2009.02.20 08:22:00 -
[17]
you need decent reprocess skills...
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Zeimanov Kalzumaan
Caldari
Haruspex Industries
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Posted - 2009.02.20 09:00:00 -
[18]
One explaination is that it freezes the market - people look and decide it's not worth trading that item. They then go off and sink capital into trading another item. Once enough people are pushed away the trader can modify his orders to something that will make profit.
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