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airgunner
Ministry of War
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Posted - 2009.08.14 07:14:00 -
[1]
Friends, need some of your expert advice. When producing stuff I normally buy minerals straight of Jita 4-4. However, I heard somebody say "I buy a ton of loot to reprocessed loot for capital production, its the cheapest way to get mex and trit for the most part" and "my prices average around 10% to 30% less than current buy orders at Jita".
My question is:
- what 'loot' is available in large quantities that can be bought and reprocessed at rates below mineral buy prices at Jita?
- is there a spreadsheet available somewhere where one can check the loot price versus mineral proceeds?
Thx, air
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Capharnaum
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Posted - 2009.08.14 08:16:00 -
[2]
One simple answer to both questions:
Do your homework.
We are not gonna spoon feed you to get this kind of info. Part of trading fun is actually finding it out by yourself and thus gaining a trading edge compared to other traders.
And the final answer is yes to both questions. Ie there is loot available and there is spreadsheet available.
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Signore Kaeota
Caldari
Caelum Incognitum
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Posted - 2009.08.14 10:44:00 -
[3]
All T2 modules and ships offer a 110 - 130 % return. I suggest buying and reprocessing them in bulk.
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Kazzac Elentria
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Posted - 2009.08.14 12:29:00 -
[4]
The maths, they are terrible.
I'll pipe up though since I think that's me you quoted
To get you started in the right direction, Go a searching for information regarding mineral compression and the various compression levels you can get using X modules. From there you should have a good idea of which meta items to shoot for based on the volume traded. |
Saehta
Sigillum Militum Xpisti
Novus Ordo Mundi
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Posted - 2009.08.14 13:30:00 -
[5]
 Originally by: Signore Kaeota
All T2 modules and ships offer a 110 - 130 % return. I suggest buying and reprocessing them in bulk.
This person has it right. Buy lots of T2 products.
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Balthisar Calderon
Smath and Balt Holding Corporation
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Posted - 2009.08.14 13:51:00 -
[6]
Originally by: Signore Kaeota
All T2 modules and ships offer a 110 - 130 % return. I suggest buying and reprocessing them in bulk.
Whaaa? Is there a formula for this? I'm assuming that you mean that the 110-130% return is *above* the values found in the database dump? This revelation could change my super-sekrit database entirely.
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Taram Caldar
GK inc.
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Posted - 2009.08.14 14:24:00 -
[7]
Originally by: Signore Kaeota
All T2 modules and ships offer a 110 - 130 % return. I suggest buying and reprocessing them in bulk.
100% endorse this suggestion :)
Want a sig made? Contact me in game. Click my sig to see samples |
Mankil
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Posted - 2009.08.14 14:52:00 -
[8]
Actually due to regional price fluctuation T2 items in Domain could net you even more. I would start by looking at T2 modules there.
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Traska Gannel
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Posted - 2009.08.14 14:58:00 -
[9]
Hi,
I will second the suggestion to do your homework. Especially regarding T2 products ... before taking the "advice" of some of the posters here :)
Now ... I will add a bit from my experience.
"my prices average around 10% to 30% less than current buy orders at Jita"
In my experience this is not true if your friend is shopping at Jita. Your friend may just be lucky but any modules I have checked that move in sufficient volume to supply minerals for capital production already trade at or above their mineral value.
The bottom line is ... there is a lot of competition in various markets and you can't expect other market participants to hand you their profits. On the other hand, something as obvious as this is not likely to return 10% to 30% unless executed in a novel way.
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sinqlaison
Amarr
Capital Builders Inc.
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Posted - 2009.08.14 18:17:00 -
[10]
Edited by: sinqlaison on 14/08/2009 18:17:30
The reason I have some doubt whether this opportunity exists is that - if it does at Jita 4-4 itself - you can make zero-risk lots of profit by buying the stuff, reprocessing, and selling as minerals. Given the liquidity of the minerals markets this opportunity should have been taken, as suggested by one of the posters. Therefore, the opportunity could be in less liquid markets, but then the question becomes how large the supply of the components is to sustain a capital production operations.
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Justinius Augustus
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Posted - 2009.08.14 18:27:00 -
[11]
Originally by: Traska Gannel
In my experience this is not true if your friend is shopping at Jita. Your friend may just be lucky but any modules I have checked that move in sufficient volume to supply minerals for capital production already trade at or above their mineral value.
The bottom line is ... there is a lot of competition in various markets and you can't expect other market participants to hand you their profits. On the other hand, something as obvious as this is not likely to return 10% to 30% unless executed in a novel way.
That's what I've seen, as well. You have to stray a bit off the beaten path to find these sorts of deals, and it's probably not even worth looking until you've got Scrap Metal Processing. It's definitely very possible, though, to do well this way. I always check the reprocessing returns on generic mission loot. A lot of the time, I discover that I'd either be earning a very trivial profit over the price of selling the minerals, or no profit at all. So I just store it away for selling or reprocessing later.
There are too many really tough competitors in the trade hubs who have the time and inclination to do far more research than you can, not to mention better character skills to reduce refinery waste and market costs.
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airgunner
Ministry of War
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Posted - 2009.08.14 18:51:00 -
[12]
but Kazzac is no fool and the quote is his'
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Mankil
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Posted - 2009.08.14 19:03:00 -
[13]
Originally by: airgunner
but Kazzac is no fool and the quote is his'
I agree, but I believe Kazzac was referring to the T2 module market in Domain. I would make a big play there if I were you. Go all in. Buy up all of the sell orders.
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Kazzac Elentria
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Posted - 2009.08.14 19:22:00 -
[14]
Keep in mind my other posts Ive made on trading.
I use massive volume low ball buy orders and just wait patiently for things to fill, then move them when I get around it to, or throw courier contracts up to do it for me.
And I sure as hell don't get the bulk of my mission loot in Jita.... I like get it where you know people like play missions
...If the horse doesn't drink the water after this I'm shooting it |
Venkul Mul
Gallente
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Posted - 2009.08.14 19:34:00 -
[15]
It depend where you live.
Amarr space (based on your race)?
When I was there I did put out buy orders for the meta 0 and some of the less used meta 1 lasers under mineral buy prices; crystals work too and some other stuff.
You need to your research and see what is commonly dropped by the mission runners in the area and what are the best systems for your buy orders.
It depend by how you value the time you will spend picking up the stuff. If your order is for a single station in a busy system you can get a kind of return, if it is spread over a range of several systems it change.
I still have some item in stations that I rarely visit and where people sold 1-2 modules to me.
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Sa'y
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Posted - 2009.08.15 02:35:00 -
[16]
I'd be leary on T2 reprocessing of ships and modules. Did spot check on a ship and found reprocess was not remotely in line with profitability based on current buy market alone. Although at one time reprocessing may have offered mineral/materials return rate possibly higher then required manufacturing mineral/materials, this seems to have changed last time I did search on SQL database under recycle column. For SQL people recommend Community>Toolkit apoc download.
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flakeys
Distillery
Lazy is our middle name
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Posted - 2009.08.15 06:10:00 -
[17]
Originally by: Kazzac Elentria
Keep in mind my other posts Ive made on trading.
I use massive volume low ball buy orders and just wait patiently for things to fill, then move them when I get around it to, or throw courier contracts up to do it for me.
And I sure as hell don't get the bulk of my mission loot in Jita.... I like get it where you know people like play missions
...If the horse doesn't drink the water after this I'm shooting it
You still haven't mentioned to the horse what bucket to drink from.
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Yarinor
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Posted - 2009.08.15 11:47:00 -
[18]
Just because minerals are cheaper doesn't mean they're worth less than if you bought them straight of 4-4.
It'll just mean you earn a bit of isk trading. |
Tradkil
Kil Family Corporation
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Posted - 2009.08.15 14:10:00 -
[19]
Originally by: flakeys
Originally by: Kazzac Elentria
Keep in mind my other posts Ive made on trading.
I use massive volume low ball buy orders and just wait patiently for things to fill, then move them when I get around it to, or throw courier contracts up to do it for me.
And I sure as hell don't get the bulk of my mission loot in Jita.... I like get it where you know people like play missions
...If the horse doesn't drink the water after this I'm shooting it
You still haven't mentioned to the horse what bucket to drink from.
Nor have you told the horse where to find the bucket or how much to pay for it.
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Mova B
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Posted - 2009.08.15 14:54:00 -
[20]
Edited by: Mova B on 15/08/2009 14:54:52
Buying loot though out market is so 2006 
What you really do is you just buy stuff straight from mission runner, at his/her hub and use specific spreadsheet to calculate correct and suitable price for you. Not a single time mission runner hasn't turned down this offer.
EDIT: I mean that you buy everything he/she has and of course under mineral price, but it just looks such nice amount of ISK so they always say ok.. It's fast.
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Kazzac Elentria
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Posted - 2009.08.15 17:38:00 -
[21]
Originally by: Yarinor
Just because minerals are cheaper doesn't mean they're worth less than if you bought them straight of 4-4.
It'll just mean you earn a bit of isk trading.
True, the percentage quoted is really nothing more than opportunity cost.
But still, if I can get some materials a few jumps closer than having to long haul it via compression services to where I need it.
I got no complaints. |
flakeys
Distillery
Lazy is our middle name
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Posted - 2009.08.15 19:40:00 -
[22]
Originally by: Tradkil
Originally by: flakeys
Originally by: Kazzac Elentria
Keep in mind my other posts Ive made on trading.
I use massive volume low ball buy orders and just wait patiently for things to fill, then move them when I get around it to, or throw courier contracts up to do it for me.
And I sure as hell don't get the bulk of my mission loot in Jita.... I like get it where you know people like play missions
...If the horse doesn't drink the water after this I'm shooting it
You still haven't mentioned to the horse what bucket to drink from.
Nor have you told the horse where to find the bucket or how much to pay for it.
Au contraire , he has mentioned WHERE to find it :)
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