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GorjusMe
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Posted - 2005.07.24 09:31:00 -
[1]
Okay then, so which group of corps are gonna confess to attempting to corner the market this time?
All stocks bought off the market, only tiny amounts available at extortion prices. Whats the objective this time? price all small tech2 builders out of the game?
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Fred0
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Posted - 2005.07.24 10:02:00 -
[2]
Well someone is having a go/is bored. That's for sure 
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Al Thorr
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Posted - 2005.07.24 23:52:00 -
[3]
Edited by: Al Thorr on 24/07/2005 23:52:09
edit ( rmoving bad spelling)
Yup : I agree ..
Leaves the t2 producer 3 choices
1 : Stop producing items until sed price stabilises
2 : Carry cost over to buyer
3 : Go and mine it.
I believe choice 2 will prevail as mining takes too much time and still you would have to alter your t2 product price otherwise peeps would buy and refine your item just for the morphite.
Personally Im slowing production until my stocks have expired and then see what happens. But I think that as a rule t2 prices will rise and add more petrol on the "price too high" debate
Regards Al Thorr
I Am in shape, ROUND is a shape |
GorjusMe
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Posted - 2005.07.25 05:43:00 -
[4]
Edited by: GorjusMe on 25/07/2005 05:43:29
Hi Al
Glad its not just us having to slow down 
No doubt the really big producers will have nice off market deals in place.
Well Im not giving in to extortion - sooner go and shoot stuff with my other account lol
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Brad Hog
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Posted - 2005.07.25 08:50:00 -
[5]
looks like i'll start mining it again,
i'm even open for deals where i'll swap morph for ice
contact me in game for morph deals
Nolite te bastardes carborundorum
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DeODokktor
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Posted - 2005.07.25 08:53:00 -
[6]
The big question is really "if" this is down to hoarding or if there just isnt enough morphite in the system.
I wonder how many people mine mercoxit because I cant seem to find anyone who says they regularly mine it.
There is nothing out there that takes more than 100 morphite (most things take 1) so It's not going to break the producers yet..
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Tophereon
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Posted - 2005.07.25 10:41:00 -
[7]
Well I'm just a very small producer but I need at least 600 morph a week!
So yes, once its gone I'll have to stop producing too.... :(
Toph.
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Dellant
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Posted - 2005.07.25 11:43:00 -
[8]
Edited by: Dellant on 25/07/2005 11:44:20
Yea, I noticed the same thing yesterday. Only very small amounts on the market for crazy prices.
Me and a buddy are about to head back out to 0.0 and mine some of it.
I have a little over 4000 units sitting around in a hanger since the days of getting trace amounts out of Ark. I may have to try to sell it while I have a chance. 
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Bobby Wilson
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Posted - 2005.07.25 15:48:00 -
[9]
This happens all the time with various commodities. Some "traders" are so isk-rich they can corner the market in almost anything if they focus on it. Then they sell a small portion of what they've bought up for huge profits, and the remainder still has its value if they decide to dump it later.
I've seen this done with zyd and mega in the past, even Trit in some areas, although Trit one can't really move to a central location as easily. I've also seen it done with cap IIs and other rare modules, with the already-silly price being boosted by greedy re-sellers.
Morphite, when you think about it, is a genius product to choose to do this with. It's easy to transport, rare and in constant demand so it's easy for the monopolist to corner the market.
The only salvation will be for DCMers to sell directly to producers at a reasonable price. But then, if the monopolist(s) offer equal or greater isk to the miners....
IMHO this kind of business is why true, 100% free market economies don't work. Every functional economy has some regulation, and limiting monopolies and price fixiing are usually top of the list.
BW
PS. I doubt it was a "group of corps". You have NO idea how rich some players in this game are. I bet it's one person, no idea who...
 Originally by: Pallas Athene
IŠm using voice recognition software - where my fingers get stuck isnŠt your concern sweetheart 
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Riggwelter
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Posted - 2005.07.25 15:56:00 -
[10]
There is no real monopoly for mineral selling as anyone can mine Mercoxite should they so wish to do. Admittedly getting to the location and actually mining it can be hard to accomplish but it is actually possible with appropiate plannning and knowing where to find it.
They who shout the loudest normally have the least to say. |
HUGO DRAX
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Posted - 2005.07.25 16:45:00 -
[11]
Reminds me of the Hunt brothers trying to corner the silver market. :)
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Rthor
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Posted - 2005.07.25 21:08:00 -
[12]
So many free market haters...
Who are you to say what is the correct price of morphite???
At least the people who do this have either the balls or smarts to put their money on the line.
You think that they are wrong? Dump your stocks of morphite on the market. That will hurt them if you are correct in your claims that morphite is overpriced.
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Bobby Wilson
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Posted - 2005.07.25 21:49:00 -
[13]
Originally by: Rthor
So many free market haters...
Who are you to say what is the correct price of morphite???
At least the people who do this have either the balls or smarts to put their money on the line.
You think that they are wrong? Dump your stocks of morphite on the market. That will hurt them if you are correct in your claims that morphite is overpriced.
That's crap. They are taking no risk at all. They can sell SOME of what they bought up at outrageous prices, and if they see a significant supply coming into the market they can sell their remaining stocks for a more modest, but still real profit before there is a glut. Other ppl dumping their own stocks onto the market won't hurt these ppl at all. They'll either buy them up too, or just wait for the one-time dump to clear and return to their plan.
Besides, as an already rare ore, requiring 0.0 mining, high skills and hauling to empire from 0.0 through dangerous chokepoints, the crooks can anticipate that a great (and sustained) supply will not suddenly come onto the market.
BW
Originally by: Pallas Athene
IŠm using voice recognition software - where my fingers get stuck isnŠt your concern sweetheart
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Rthor
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Posted - 2005.07.25 22:16:00 -
[14]
BW mine morphite and constantly sell it for under the price that they want. If they keep buying it then what you are doing is selling morphite to people who you think are "crooks" and make better money than you expect. What could be better? Basically they have set this whole thing up using a lot of isk and you will reap the benefits of what they did.
If you do this they eventually run out of isk to buy from you, and they will be holding tons of morphite that they cannot sell. So either they will hold tons of morphite indefinitely and cannot do anything else on the market because they dont have any available isk, or they will throw up the white flag and sell their stock driving down price of morphite back to where it is supposed to be, wherever that is.
This is their risk. They are betting that the whole Eve community will not go mine morphite before they are able to sell enough to make money off their play.
In the end while you can say that things are "crap," "crooks" what not but the whole issue turns on who is right on the issue of what morphite is worth. If you feel strongly that morphite is worth less than its current market price then organize some mining ops and take advantage of these "crooks."
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ebilweeble
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Posted - 2005.07.26 17:33:00 -
[15]
could the lack of morphite be any thing to do with the loot drops from lvl 4 drone missions being gimped?these missions used to drop compounds that when refined gave morphite not sure if they still do since the patch tho?
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Crimsonjade
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Posted - 2005.07.26 19:27:00 -
[16]
imo its more due to the fact most every allaince in 0.0 is at war the miners are to busy to mine.. if not tell me what allaince isnt :)
No pain, no palm; no thorns, no throne; no gall, no glory; no cross, no crown.
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Posmart
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Posted - 2005.07.26 19:28:00 -
[17]
Edited by: Posmart on 26/07/2005 19:29:15
I did Rogue Drone Harassment Level 4 last night.
It used to have 3 Supreme Drone Parasites across 2 levels.
Now it has none. None of the other drones in that mission drop the morphite-containing compound.
So now it's a well-timed market coup indeed, exacerbated by this mission change, (which people were doing less post-patch anyway.)
I got all my morphite from recycling the compound in question, so now the only other source of new morphite has dried up. It now only exists in alliance-owned rocks and already-built stuff, (correct me if I'm wrong).
Oh and a rogue complex, I suppose.
By the way I'm not complaining, just want to add a bit of fuel to the anti-free market fire - If natural human greed plus a few unforeseen circumstances equals bad for most in society, then society is entitled to control the part of that equation it has control over (the human greed part).
Also consider the contradiction - a centralised command economy is where an essential commodity is controlled by one person or institution, but Eve's 100% "free" market now has, er, an essential commodity controlled by one person or institution.
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Zan Tu
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Posted - 2005.07.26 22:52:00 -
[18]
WTS Morphite...
extortion prices, available to all..
ANY quantity...
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Jacque Custeau
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Posted - 2005.07.27 01:00:00 -
[19]
I had no idea when I initially read this that the quantities had dropped to fewer than 8k in the regions I checked, and soared to 60-80k a unit.
As a Muninn producer, I have to think hard about producing them once my stock evaporates. Its a huge liability and am weary of undertaking it with sales being slow. I will probably have to purchase it in small lots and wait for a ship to sell. In theory, it would represent an extra 6.3 mil hike in cost for the ship. I might be able to absorb 1/2 of the price increase, and pass the other 1/2 on to the consumer.
I still have a week's worth of supply left, so I'll see where the market is then.
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WhiskeyDP
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Posted - 2005.07.27 14:03:00 -
[20]
mineral prices is never a problem and never will be as long as u get paid in the end with what u selling. i have seen prices increase on some t2 already, while some are very low still. thats just a matter of time tho until they realise the new morphite prices and how it affects the end result
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wts Obelisk - avaible 28th july - make bid ingame
Mineral+ISK deals on ALL 4 Freighters - mail me ingame or check bio
wts BPC's - check my bio ingame(i have a huge selection o |
Wulfnor
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Posted - 2005.07.27 16:46:00 -
[21]
Edited by: Wulfnor on 27/07/2005 16:48:04
Morphite quantities started changeing after the patch.
Undoubtedly some of the lack is caused by miners either mineign other things or not mineing. Some is no doubt caused by the mission changes.
I would like to think those two reasons account for all of it.
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Jacque Custeau
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Posted - 2005.07.27 16:51:00 -
[22]
When I get back home tonight I will start crunching some numbers. It might be cheaper to buy existing t2 items from the market and recycle them for morphite.
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Allen Deckard
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Posted - 2005.07.27 16:59:00 -
[23]
Let me get this straight.
T2 producers are complaining that miners are price gouging?
Pot meet kettle.
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Joshua Foiritain
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Posted - 2005.07.28 02:29:00 -
[24]
Hmm if only i had any mining skills... 
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[WTT: Vigilant] |
Posmart
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Posted - 2005.07.28 21:57:00 -
[25]
D'oh - there's a mission called infiltrator something with supreme Drone Parasites a-plenty in it. Maybe I'll go find something else to misinform people about.
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