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Bitty Bit
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Posted - 2010.07.16 09:51:00 -
[1]
PI's seem to be dropping incredibly quickly this week compared with the massive spike last week. Seems like it might to be time to get off the sinking ship while there is still time. PI is too easy to extract a large amount, not to mention the massive stockpiles and current npc drops. It looks like the only way from here is down. It's a bi missed opportunity for some people, i only feel sorry for those late investors who put billions in during last weeks spike.
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Lt Angus
Caldari the united Negative Ten.
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Posted - 2010.07.16 10:00:00 -
[2]
Lets crash this ship into the rocks please resize your signature to the maximum allowed file size of 24000 bytes. Navigator Shhhh, Im hunting Badgers |
Makko Gray
Gallente Nexus Aerospace Corporation The Volition Cult
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Posted - 2010.07.16 10:43:00 -
[3]
Edited by: Makko Gray on 16/07/2010 10:43:04 I'd been holding off processing into more advanced commodities because it was more profitable to sell the basic proccessed mats. Had to balance itself out some way as once people realised they wouldn't keep buying them only to make a loss turning them into something else.
I like to image less clever industrialists sitting there wondering why after buying all this material and processing it they've ended up with less money than they've started with.
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Ender2006
APOCALYPSE LEGION
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Posted - 2010.07.16 11:03:00 -
[4]
Edited by: Ender2006 on 16/07/2010 11:05:41 actually I imagine it has more to with the vast quantities of mats that were purchased while it was still very profitable to process them into later products. We're just gradually working through cheap mat stockpiles.
It would have taken time to turn these into finished product. In fact my first 100k robotics just finished up so I'm certain other's items should all be hitting the market right about now as well. Until this supply gets cleared, maybe a week or two then there will be a lull or decrease in pricing. As soon as that first wave of cheap mats runs out though prepare for a large spike based on the new mat costs.
Couple that with the fact that the mat market dried up because it is no longer profitable to purchase them to refine due to huge demand and that market gets to pause as well until the upper product demand pulls it up further.
Just remember 1m robotics bought/sold in jita per day pre-patch = 10/3 that number in CE/MP. The demand will still be there in larger numbers than we have seen yet as supplies run out. Other products I'm sure are experiencing similar effects.
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SencneS
Rebellion Against Big Irreversible Dinks
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Posted - 2010.07.16 14:38:00 -
[5]
Careful what you say about PI... You'll have loads of people troll for a week about it...
I guess being first and right rubs people the wrong way
But I'll tell you why... Attention Span and Instant Gratification. People where spouting off for near two weeks about things like Guidance Systems and Robotics hitting 100K. The third week the story changed, as these items never hit above 30K long enough to make a difference (Apart from some mad manipulation that lasted only a few hours). The magical price was then changed to 50K, reality has set in for these people and they are dumping which is causing a market crash. Most PI is down from what it was, how far it'll crash is related to P0/P1 prices believe it or not..
A P2 Item at 3,000 ISK a unit means the P0 item costs 1.25 ISK each P1 costs 187.5 ISK. With these prices it means things like Guidance Systems and Robotics cost 10K.
PI believe it or not, is really all about the P0/P1 price. Despite be pointing this out over and over for two weeks in the face of a mountain of trolls reality has finally set in and these people are FLOODING the market with excess stock getting out while they can at the best price. Now they've still made profit sure, just not what they where toting.
Just remember that folks... P2 at 3,000 ISK means P0 costs 1.25 ISK each and P1 costs 187.50 ISK. P3 at 10K means P0/P1 are the same prices. Keep that in mind as these markets come crashing down. As some P2 items are knocking on 2,000 ISK a unit. At 2K the P0 would cost 0.84 ISK a unit. P1 would cost 125 ISK.
It's clear not all P0 and P1 items will be the same price. But it's a good rule of thumb. Any P2 below 3K ISK in my opinion is under valued.
Amarr for Life |
mental maverick
Duty. Duty. Private Security
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Posted - 2010.07.16 15:09:00 -
[6]
Originally by: SencneS Careful what you say about PI... You'll have loads of people troll for a week about it...
I guess being first and right rubs people the wrong way
But I'll tell you why... Attention Span and Instant Gratification. People where spouting off for near two weeks about things like Guidance Systems and Robotics hitting 100K. The third week the story changed, as these items never hit above 30K long enough to make a difference (Apart from some mad manipulation that lasted only a few hours). The magical price was then changed to 50K, reality has set in for these people and they are dumping which is causing a market crash. Most PI is down from what it was, how far it'll crash is related to P0/P1 prices believe it or not..
A P2 Item at 3,000 ISK a unit means the P0 item costs 1.25 ISK each P1 costs 187.5 ISK. With these prices it means things like Guidance Systems and Robotics cost 10K.
PI believe it or not, is really all about the P0/P1 price. Despite be pointing this out over and over for two weeks in the face of a mountain of trolls reality has finally set in and these people are FLOODING the market with excess stock getting out while they can at the best price. Now they've still made profit sure, just not what they where toting.
Just remember that folks... P2 at 3,000 ISK means P0 costs 1.25 ISK each and P1 costs 187.50 ISK. P3 at 10K means P0/P1 are the same prices. Keep that in mind as these markets come crashing down. As some P2 items are knocking on 2,000 ISK a unit. At 2K the P0 would cost 0.84 ISK a unit. P1 would cost 125 ISK.
It's clear not all P0 and P1 items will be the same price. But it's a good rule of thumb. Any P2 below 3K ISK in my opinion is under valued.
Bolded the important part.
And ppl thinking 100k for p3s before was overestimating quite a bit imo. When I did research on SISI before investing into PI mats I estimated p3 at around 80k. But this was before they made some time saving changes with routing when restarting extractors. With PI as it is atm I would say between 40-60k for p3s depending on how common the raw mats are.
However with the current stockpiles, which in some areas are quite huge, it will take a long time for prices to get there. And crashes are just to be expected. Atm, even though the "sell, sell, sell! DO IT NAOW!!!" crowd are really ****in useless at posting doomsday posts, some idiots seem to believe them and are therefore panicking.
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Makko Gray
Gallente Nexus Aerospace Corporation The Volition Cult
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Posted - 2010.07.16 15:18:00 -
[7]
Edited by: Makko Gray on 16/07/2010 15:19:04
Originally by: SencneS A P2 Item at 3,000 ISK a unit means the P0 item costs 1.25 ISK each P1 costs 187.5 ISK. With these prices it means things like Guidance Systems and Robotics cost 10K.
I think you got your calc a little wrong there - assuming all p1 are equal at 187.5 isk then 187.5 * 80 / 5 = 3000 (price of p2) 3000 * 20 / 3 = 20000 (price of p3)
Originally by: SencneS PI believe it or not, is really all about the P0/P1 price. Despite be pointing this out over and over for two weeks in the face of a mountain of trolls reality has finally set in and these people are FLOODING the market with excess stock getting out while they can at the best price. Now they've still made profit sure, just not what they where toting.
Depends, the 2 are tied, slightly more complicated than that even as p1 mats are used in multiple p2, but anyway...
In simplistic terms though I would expect if there were an excess of p2 items for sale at a price less than the cost to build based on current p1 prices, that the p1 prices would drop as it would be pointless to buy them and so over supply would push them down.
I would have expected that to hold true even if the low cost of p2 items were due to stockpiling from before the changes and offloading onto the market.
Problem is that that obviously didn't hold truewhich makes me think some people, and god knows why, have been buying the p1 items to build p2 items when they could have saved themselves a few isk buying the p2 directly.
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Daylen Drazzi
Caldari GoonWaffe Goonswarm Federation
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Posted - 2010.07.16 15:30:00 -
[8]
OMG!!! SELL SELL SELL!! (I'm buying!). "Ya see us Goons neva lose, If we'r dead, we'r dead so nobody cares, If'n we win we'v won, so's only we cares If'n we run away we always come back later so Goons neva lose ya see?" |
MMarlon
SRBI Circle-Of-Two
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Posted - 2010.07.16 15:38:00 -
[9]
I'll wait dumb 0.01 lemmings to raise a little, say 1.5x or 2x this price and will present next couple of millions. Atm, only on Mechanical parts some orders to match my sell.
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SencneS
Rebellion Against Big Irreversible Dinks
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Posted - 2010.07.16 16:02:00 -
[10]
Originally by: Makko Gray I think you got your calc a little wrong there - assuming all p1 are equal at 187.5 isk then 187.5 * 80 / 5 = 3000 (price of p2) 3000 * 20 / 3 = 20000 (price of p3)
Whoops my bad, I forgot to multiple by two for two different P2's making P3. Yeah it's 20,000 a unit for P3s that use two P2 components.
Amarr for Life |
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Icanti
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Posted - 2010.07.16 19:19:00 -
[11]
Despite all the desperate market crashing attempts, many PI goods seem to be hold up remarkably well.
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Mernek
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Posted - 2010.07.16 19:35:00 -
[12]
PI asset prices will only ever go up
Ever!
Mern
P.S.
True story
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Martosh Toma
Gallente Fraction Investment
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Posted - 2010.07.16 19:35:00 -
[13]
I could sure use a few more panicked sellers. It would allow me to pick up stocks for next years production as well.
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Cista2
Hydra Investment Fund
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Posted - 2010.07.16 19:41:00 -
[14]
Originally by: Icanti desperate market crashing attempts
Market crashing is neither more nor less desperate a tool as so many other. ----------------------- "Signatures" trader chatroom / Hydra Investment Fund |
Icanti
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Posted - 2010.07.16 20:19:00 -
[15]
Originally by: Cista2
Originally by: Icanti desperate market crashing attempts
Market crashing is neither more nor less desperate a tool as so many other.
Sure, but when its of the form.
S E L L ! !
It looks pretty desperate.
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Jack Coutu
Gallente Kangaroos With Frickin Lazerbeams Negative Ten.
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Posted - 2010.07.16 21:07:00 -
[16]
I was holding onto a bit of CE and a large chunk of robotics. Now I'm waiting to see the price hit bottom and I'll just buy even more. Please continue selling like crazy.
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Veni Ra
Amarr Brotherhood Of Cash
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Posted - 2010.07.17 00:30:00 -
[17]
Edited by: Veni Ra on 17/07/2010 00:30:57 The only PI product that seems to be holding up well against this price drop is coolant. So I advise everyone to buy it, from my sell orders in Jita.
Also, the NPC drops are gigantic, 10 units of some PI crap per mission, man, the market might just get flooded by those :P, I thinks CCP needs to nerf it before it destroys all of the markets
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Messoroz
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Posted - 2010.07.17 00:56:00 -
[18]
Originally by: Veni Ra Edited by: Veni Ra on 17/07/2010 00:30:57 Also, the NPC drops are gigantic, 10 units of some PI crap per mission, man, the market might just get flooded by those :P, I thinks CCP needs to nerf it before it destroys all of the markets
Hahahahahahahhhhhhhhhhhhhhhhhhhhhhhhh. Mission drops have nothing on station NPC drops, NOTHING. I can get 3km3 per npc killed of PI goods. Only downside is the station guns opening fire, but it's easy to tank.
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Weaselior
GoonWaffe Goonswarm Federation
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Posted - 2010.07.17 01:07:00 -
[19]
Originally by: SencneS Careful what you say about PI... You'll have loads of people troll for a week about it...
I guess being first and right rubs people the wrong way
guidance systems still are a 20x profit sold to buy orders
way to go evebank
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Kanatta Jing
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Posted - 2010.07.17 05:05:00 -
[20]
Originally by: SencneS Careful what you say about PI... You'll have loads of people troll for a week about it...
I guess being first and right rubs people the wrong way
But I'll tell you why... Attention Span and Instant Gratification. People where spouting off for near two weeks about things like Guidance Systems and Robotics hitting 100K. The third week the story changed, as these items never hit above 30K long enough to make a difference (Apart from some mad manipulation that lasted only a few hours). The magical price was then changed to 50K, reality has set in for these people and they are dumping which is causing a market crash. Most PI is down from what it was, how far it'll crash is related to P0/P1 prices believe it or not..
A P2 Item at 3,000 ISK a unit means the P0 item costs 1.25 ISK each P1 costs 187.5 ISK. With these prices it means things like Guidance Systems and Robotics cost 10K.
PI believe it or not, is really all about the P0/P1 price. Despite be pointing this out over and over for two weeks in the face of a mountain of trolls reality has finally set in and these people are FLOODING the market with excess stock getting out while they can at the best price. Now they've still made profit sure, just not what they where toting.
Just remember that folks... P2 at 3,000 ISK means P0 costs 1.25 ISK each and P1 costs 187.50 ISK. P3 at 10K means P0/P1 are the same prices. Keep that in mind as these markets come crashing down. As some P2 items are knocking on 2,000 ISK a unit. At 2K the P0 would cost 0.84 ISK a unit. P1 would cost 125 ISK.
It's clear not all P0 and P1 items will be the same price. But it's a good rule of thumb. Any P2 below 3K ISK in my opinion is under valued.
If P3's like robotics sell for 10k then a Mobile Lab costs what, 10 mil? PI might drag down to it's minimum price in the hands of 1 iskers and Empire Carebears but it's dragged up to it's maximum at the same time by people that need a 3 new SBU's in the next 5 hours.
Right now SBU's are down to 157.6 million. They cost just over 100 million to make, The moment the price hits 100 million or 50% less, they will be spammed, In blockade runners every where, even in systems no one intends to attack, against neutrals, traveling 10 hours across the EVE universe to spam an alliance you've never met, for fun, just annoy other people and waste their time.
Golly that sounds like fun.
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Merdaneth
Amarr Galactic Rangers Galactic-Rangers
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Posted - 2010.07.17 06:42:00 -
[21]
Originally by: Kanatta Jing
Right now SBU's are down to 157.6 million. They cost just over 100 million to make, The moment the price hits 100 million or 50% less, they will be spammed, In blockade runners every where, even in systems no one intends to attack, against neutrals, traveling 10 hours across the EVE universe to spam an alliance you've never met, for fun, just annoy other people and waste their time.
Golly that sounds like fun.
That's more due to the idiot mechanics that govern SBU's than to PI. ____
The Illusion of Freedom | The Truth about Slavery |
Dirk Smacker
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Posted - 2010.07.17 17:36:00 -
[22]
Edited by: Dirk Smacker on 17/07/2010 17:41:19
Originally by: Veni Ra Edited by: Veni Ra on 17/07/2010 00:30:57 The only PI product that seems to be holding up well against this price drop is coolant.
Edit, misread "PI" as "P1".
Not much to add to this discussion except that towers are holding up because they take a ton of effort to make. I think I saw a pair for sale in Jita once, otherwise they have been all singles and somewhat scarce depending on which race. I think a lot of people had their hearts set on making towers, but just wound up making a bunch of modules instead, hence the crash in labs. POS fuel is much higher than pre-Tyrannis, so I'd be making that if my PI wasn't so structured.
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DarkArtz
Celestial Mayhem OWN Alliance
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Posted - 2010.07.26 11:27:00 -
[23]
Originally by: Veni Ra Edited by: Veni Ra on 17/07/2010 00:30:57 The only PI product that seems to be holding up well against this price drop is coolant.
Coolant appears to be on the rise.
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Mazzarins Demise
Profit Development and Research Association
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Posted - 2010.07.26 21:31:00 -
[24]
I stopped using PI two weeks in due to sheer boredom . _________________________________________ Support the "Seed Primae on the market and ORE LP Stores" proposal! Click here |
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