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Ordon Gundar
Caldari
Kingfisher Industries
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Posted - 2008.05.19 12:59:00 -
[31]
 Originally by: Prospectus Major
I believe region wide buy orders allows the trader to control the market for the entire region on a specific item. For instance if they have a region wide buy order priced below thier selling price they will essentially buy everything listed in that region. This allows them to 'corner the market' for the specific item in that region forcing any buyer to buy from them. In other words if they are buying all of a specific item which is listed in a specific region the only way another person can purchase the item is from them. This allows them to control the market in the region on this specific item.
Only if they have the highest buy order price, which is rarely the case with region-wide orders. They are usually set up to pick up the items that people with 5 jump orders dont want to travel to collect.
I find more evidence of market control from the SELLING aspect. This is done through buying up all sell orders and re-listing them in order to manipulate the market.
Fly fast..Rats Die..Buy Low..Sell High |
Ordon Gundar
Caldari
Kingfisher Industries
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Posted - 2008.05.19 13:04:00 -
[32]
Originally by: SencneS
Consider this in your thoughts.
Region Wide panders to the Seller, not the buyer.
Even if a lower price a Region wide will fill up. As long as you're the highest Region wide.
I've used this when placing buy orders before.
1) At the station place an item for what you're willing to buy it for.
2) At the same station place a 5 Jump order for 10% less.
3) At the same station place a region wide order for 25% less.
More often then not the Region wide fills faster even though it's 25% cheaper (Talking about cheap products here with large volume) The reason I place the 5jump 10% less is because someone 6 jumps away will make a single jump to get 15% more.
Unless you're at a market hub you'll soon see the orders are filled, Region, 5 Jumps, Local station. At least for small value items. What usually happens is the local station fills in 1 or 2 orders as someone is offloading stock.
I can understand that this system accumulates stock quickly, but isnt that an awful lot of outlay, at different margins, to keep track of? I would rather spend my time PvP trading against the competition with ONE buy order set to a medium distance rather than keep on top of three.
Fly fast..Rats Die..Buy Low..Sell High |
Ortos
Abyssus Incendia
THORN Alliance
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Posted - 2008.05.19 13:19:00 -
[33]
The simple "Why do people put up regional orders" ansver is; because there is money to be made. Regional orders often gives you nearly no competition. You can work on hubs and have the regional orders as a "sidekick" where you can put your profits from other trading and be sure to make money in the long run.
The more accurate ansver is probably because it's less effort to keep a regional order in order then one in a trade hub. If you've got a lot of money you can invest it and use a few hours to pick it up a month later. Make a pretty high margin off it.
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Ortos
Abyssus Incendia
THORN Alliance
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Posted - 2008.05.19 13:22:00 -
[34]
Originally by: Ordon Gundar
Originally by: SencneS
Consider this in your thoughts.
Region Wide panders to the Seller, not the buyer.
Even if a lower price a Region wide will fill up. As long as you're the highest Region wide.
I've used this when placing buy orders before.
1) At the station place an item for what you're willing to buy it for.
2) At the same station place a 5 Jump order for 10% less.
3) At the same station place a region wide order for 25% less.
More often then not the Region wide fills faster even though it's 25% cheaper (Talking about cheap products here with large volume) The reason I place the 5jump 10% less is because someone 6 jumps away will make a single jump to get 15% more.
Unless you're at a market hub you'll soon see the orders are filled, Region, 5 Jumps, Local station. At least for small value items. What usually happens is the local station fills in 1 or 2 orders as someone is offloading stock.
I can understand that this system accumulates stock quickly, but isnt that an awful lot of outlay, at different margins, to keep track of? I would rather spend my time PvP trading against the competition with ONE buy order set to a medium distance rather than keep on top of three.
PVP trading recuires dayly work. A regional order can stand 3 months.
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Ordon Gundar
Caldari
Kingfisher Industries
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Posted - 2008.05.19 13:24:00 -
[35]
Originally by: Ortos
If you've got a lot of money you can invest it and use a few hours to pick it up a month later. Make a pretty high margin off it.
Spot on! Have a look at History in Market Details. You will see that even those 0.01 isk orders pick up items every now and again. Set one up, forget about it, come back to it in a month to see how many items you have collected.
Even if its only a handful, it has cost you next to nothing, it took no monitoring, and even one Isk per unit is a huge margin!! Its win-win!
Just dont rely on it as regular income!
Fly fast..Rats Die..Buy Low..Sell High |
Ortos
Abyssus Incendia
THORN Alliance
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Posted - 2008.05.19 13:45:00 -
[36]
I've sold 600k items for 100 ISK multiple times. If im leaving a mission hub I wanna clean it out so assets list is easyer to look over.
If I dont got room to bring the item with me, I dont mind selling to the guys with regional orders.
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Brisco Smiley
Peppermint Bay Trading Company
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Posted - 2008.05.19 15:39:00 -
[37]
Originally by: Blue Dice
But as soon as you start to think in larger scales that view will change drastically.
And then it will change again and again.
Region-wide orders let you cover more markets and buy at much lower prices. Of course you get some things in low-sec, which are harder to get to, but most people don't often go into low-sec anyway, so it isn't that big a problem. You end up with hundreds of small stacks, but the marginal transportation cost of running more orders is low, but you have billions in inventory rotting in hangers all over the universe, but you bought all of that at 10% of what it is worth, but it will be 6 months before you get around to collecting it, and you could have invested in something else, et cetera, et cetera, ad infinitum.
It all depends on the items' value, size, trade volume, drop rate and rarity, and the region's size, topology, stations per system and population, and the population's activity level and preferences, how you like to play and how often and for how much time, how much money you are willing to invest in the venture, how much liquidity you want to retain, how many toes you have on your left foot, and what kind of courier contracts you'll need to set and who will take them then how long it will be before you can sell what you bought, and where you plan to sell it and to whom and the price of Mechanical Parts in Aridia.
Cheers,
Brisco Smiley
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Roguehalo
Caldari
RH Ship Brokers
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Posted - 2008.05.19 16:15:00 -
[38]
Generally speaking you would make regional buy orders for relatively high priced stuff(i.e. mods ships implants etc) and localized buy orders for low priced stuff(i.e.minerals etc) on the assumption you can sell pricey stuff 'in situ' but you may have to move the 'cheapo' stuff
*sigh* I'm giving away all the secrets
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