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Ricky Pickering
Tri Star Productions
0
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Posted - 2013.07.23 09:09:00 -
[1] - Quote
I'm always hesitant to post on Market Discussions for a couple reasons:
1. I don't have a grasp that some of you do on the market, and I hate showing my ignorance 2. Especially when asking about "why" an item is doing something, people tend to think you're trying to manipulate the price.
Alas, my curiosity has gotten the best of me, and I've come to MD to hopefully become enlightened. So, to the point...
Why in the hell has the price of Fullerides consistently dropped in price over the past year?
[IMG]http://i.imgur.com/sE6MEZI.png[/IMG]
As you can see in the graph, last year around this time Fullerides experienced a sharp downturn from around 3000 isk/pu to 2000 isk/pu in the span of about a month. At this time, last year, we were in the middle of the Inferno expansion and the Retribution expansion would come out in another four months. From what I can tell (and that is very little), these expansions really didn't have any large affect on the way moon minerals were mined, the distribution of moons, or the parts that Fullerides were used for (T2 Ammo, Capital Parts). So, I don't understand what seems to me to be a random, and sudden down turn.
After the plunge to 2000 isk/pu, the market took a month or so to stabilize and then it held between 2100 - 1900 isk/pu for 4-5 months. At this point the price plunged even more, and we're now looking at prices as low as 700 isk/pu.
Why in the world is this? What am I missing here? We didn't get a change to capitals. More moons have been seeded, but this was announced FAR after Fullderides plunged, I believe.
I was looking to start a simple moon reaction and started looking at different prices and such, and this one just really piqued my interest. Any insights some of you might have would be great. Thanks for reading! |
joffre lannister
Valor Coalition RISE of LEGION
8
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Posted - 2013.07.23 10:40:00 -
[2] - Quote
Interesting graph,
Speculating my quasi-evemarket knowledge, speaking in technical terms the graph illustrates no resistance to it's pricing, players are accepting its drop or reduction over the year long term. I don't know the production line to produce Fullerides, but something indicates that it has become increasingly cheaper to produce, or, the overall demand (despite the buy & sell volume remains unchanged) has caused the downward price momentum. |
mynnna
GoonWaffe Goonswarm Federation
1351
|
Posted - 2013.07.23 11:47:00 -
[3] - Quote
joffre lannister wrote:Interesting graph,
Speculating my quasi-evemarket knowledge, speaking in technical terms the graph illustrates no resistance to it's pricing, players are accepting its drop or reduction over the year long term. I don't know the production line to produce Fullerides, but something indicates that it has become increasingly cheaper to produce, or, the overall demand (despite the buy & sell volume remains unchanged) has caused the downward price momentum.
Congratulations on saying something without actually saying anything informative. Technical analysts are like the lawyers of the market, I swear.
Fullerides have dropped over the past year because the price of Technetium has dropped over the past year. The first drop from 3500 to steady-ish around 1800 or so was on account of Technetium alchemy being introduced. The second drop since April or so was on account of the changes to moon materials in Odyssey that further obliterated the value of Technetium by reducing consumption of Fullerides (and Nanotransistors) in Tech II components. Member of the Goonswarm Economic Warfare Cabal |
Ricky Pickering
Tri Star Productions
0
|
Posted - 2013.07.23 15:52:00 -
[4] - Quote
mynnna wrote:joffre lannister wrote:Interesting graph,
Speculating my quasi-evemarket knowledge, speaking in technical terms the graph illustrates no resistance to it's pricing, players are accepting its drop or reduction over the year long term. I don't know the production line to produce Fullerides, but something indicates that it has become increasingly cheaper to produce, or, the overall demand (despite the buy & sell volume remains unchanged) has caused the downward price momentum. Congratulations on saying something without actually saying anything informative. Technical analysts are like the lawyers of the market, I swear. Fullerides have dropped over the past year because the price of Technetium has dropped over the past year. The first drop from 3500 to steady-ish around 1800 or so was on account of Technetium alchemy being introduced. The second drop since April or so was on account of the changes to moon materials in Odyssey that further obliterated the value of Technetium by reducing consumption of Fullerides (and Nanotransistors) in Tech II components.
Thank you very much, Mynnna. I believe if this had been the proverbial snake, it would have bit me. I can't believe I missed that Technetium was a requirement in creating Fullerides. The graph is very logical now. I had no idea that what is bolded above in your post occurred. I need to pay more attention to Patch Notes and do a little better research. Thank you again for your informative answer. |
Vaerah Vahrokha
Vahrokh Consulting
4237
|
Posted - 2013.07.23 19:36:00 -
[5] - Quote
mynnna wrote: Congratulations on saying something without actually saying anything informative. Technical analysts are like the lawyers of the market, I swear.
It's not a lawyers or analysts problem if you don't understand them.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
mynnna
GoonWaffe Goonswarm Federation
1355
|
Posted - 2013.07.23 20:24:00 -
[6] - Quote
Vaerah Vahrokha wrote:mynnna wrote: Congratulations on saying something without actually saying anything informative. Technical analysts are like the lawyers of the market, I swear.
It's not a lawyers or analysts problem if you don't understand them.
I think you'll find I understood the so-called analyst's answer just fine. After all, I did correctly label it as useless and unhelpful. Member of the Goonswarm Economic Warfare Cabal |
Zappity
Red Federation RvB - RED Federation
201
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Posted - 2013.07.23 21:09:00 -
[7] - Quote
Nothing wrong with technical trading - it provides liquidity to the market in general and can make a damn good profit. But the analysis in post 2 was pointless: 'there is no resistance and the price is dropping'. Well, yeah, that's what OP said. Hooray, I'm l33t! -á(Kil2: "The higher their ship losses...the better they're going to be.") |
Adunh Slavy
1208
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Posted - 2013.07.23 22:01:00 -
[8] - Quote
Ricky Pickering wrote: Thank you very much, Mynnna. I believe if this had been the proverbial snake, it would have bit me. I can't believe I missed that Technetium was a requirement in creating Fullerides. The graph is very logical now. I had no idea that what is bolded above in your post occurred. I need to pay more attention to Patch Notes and do a little better research. Thank you again for your informative answer.
Take a look in the market, look under Manufacture and Research, then examine reactions. Using that info, you can trace what makes what.
Make your own spread sheet that allows you to just plug in numbers, from high order or low order or low to high, depending on how you like to look at the world. By the time you're done, you'll know more than most. Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.-á-á- William Pitt |
Vaerah Vahrokha
Vahrokh Consulting
4237
|
Posted - 2013.07.23 23:56:00 -
[9] - Quote
mynnna wrote:Vaerah Vahrokha wrote:mynnna wrote: Congratulations on saying something without actually saying anything informative. Technical analysts are like the lawyers of the market, I swear.
It's not a lawyers or analysts problem if you don't understand them. I think you'll find I understood the so-called analyst's answer just fine. After all, I did correctly label it as useless and unhelpful.
That's allright, until you start generalizing from a specific bad piece of work => whole category is bad. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
EvilweaselSA
GoonCorp Goonswarm Federation
886
|
Posted - 2013.07.24 01:06:00 -
[10] - Quote
Vaerah Vahrokha wrote:mynnna wrote: Congratulations on saying something without actually saying anything informative. Technical analysts are like the lawyers of the market, I swear.
It's not a lawyers or analysts problem if you don't understand them. It is actually a very big problem for a lawyer if you don't understand them. |
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