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Joxxy
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Posted - 2008.08.14 12:10:00 -
[1]
Anyone know what happend ?
Week ago I was buying them at 2.6 mil a pop and selling at 4,3 mil. Buy orders were filling at 100 pieces a day.
Few days pass, naturally buy price goes up, but at unnatural rate - 3 mil in one day, 3,5 day later, 4,1 mil after 7 days.
Did some strange market open up for them where people still make profits off this ?
Yes profit margin is still there - but its so slim it isnt even funny !
Im still new at this - been doing it for past 10 days or so and have done some decent profit, no complains. Working on backwater area where the competition is low, but so is filling the buy orders. Good comes with the bad.
None the less - can anyone give me some insight as to what happened to a potential gold mine ?
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Carniflex
Caldari
StarHunt
Fallout Project
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Posted - 2008.08.14 12:15:00 -
[2]
People found that potential gold mine and mined it.
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Joxxy
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Posted - 2008.08.14 12:19:00 -
[3]
 Originally by: Carniflex
People found that potential gold mine and mined it.
Well yeah and thats fine.
You raise price at 0.01 ISK ir 1 ISK at most - not by 500k. Its like finding a mine of gold and then nuking it instead of mining it.
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Midas Man
Caldari
Dzark Asylum
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Posted - 2008.08.14 12:32:00 -
[4]
they were upto about 5.5mil-6mil in Jita last week I assume alot of inter region traders noticed the trap and are busy importing them from all over pity the price is now down to 4.2ish in Jita.
Also if your in a back water system why sell them at ~ 4ish mil, I personally know 8 locations in which I stock them and they regularly sell at 7-8 mill.
***Tip for free***
Trick the interregion dudes to swallow up all the cheap stock and bring it to a central hub and then pay a few couriers a few cents to take it back to where it came from but at a 100% mark up. Then the stock in central location is low so prices rocket and the interregion dudes bring in a load more stock ready to be redistributed. And you can also easily afford to keep 25% of your stock on hand to manipulate at will and keep the carosel going.
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Joxxy
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Posted - 2008.08.14 12:34:00 -
[5]
Interesting ...
Heh - market in EVE is like a game within game.
THX for the tip.
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Ricdics
Corporate Placement Holding
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Posted - 2008.08.14 14:09:00 -
[6]
I was chatting with someone on MSN about this yesterday actually as well as showing another potential goldmine he could farm if he wanted  Will be interested to see if he gives it a shot, if not I might do it myself.
It's definetly valid with named products in relatively high demand to do something like this. And in a lot of cases it's actually quite easily to hold the pricing adjustments for weeks on end with minimal upkeep.
I see a LOT of named items that have this potential and just to prove my point I will be finding one to manipulate tomorrow |
Lexander Morinex
Caldari
LDD Investments
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Posted - 2008.08.14 14:40:00 -
[7]
In the month that I have been playing, the value of this item has really moved back and forth. I am starting to see that with a number of items, and such volatility presents opportunity.
Sadly, now that you have mentioned it publicly it will be hard for me to snap up those bargains.
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Midas Man
Caldari
Dzark Asylum
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Posted - 2008.08.14 14:53:00 -
[8]
Originally by: Lexander Morinex
In the month that I have been playing, the value of this item has really moved back and forth. I am starting to see that with a number of items, and such volatility presents opportunity.
Sadly, now that you have mentioned it publicly it will be hard for me to snap up those bargains.
I wouldn't get too depressed this kind of trading can actually benefit from being public knowledge, the trick is to diversify you sales locations, it will be very difficult for someone to hinder your attemt across the whole of eve, you just need the knowledge and/or research to find another area to off load the stock,
It can also require large amounts of spare capital as from buying them out cheaply it will take a while to distribute and clear stock plus holding the stock pile is invalueble to get your bargins.
Also the more people that latch on to this the healthier the markets will become, i noticed long ago the Jita is Eve's black hole in a way everything gets sucked in, my plan has been to treat Jita as a wholesale outlet (on certain items) and retail anywhere else.
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Lexander Morinex
Caldari
LDD Investments
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Posted - 2008.08.14 15:17:00 -
[9]
Originally by: Midas Man
Also the more people that latch on to this the healthier the markets will become, i noticed long ago the Jita is Eve's black hole in a way everything gets sucked in, my plan has been to treat Jita as a wholesale outlet (on certain items) and retail anywhere else.
I tend to do much the same. Jita looks as close to a truly liquid market as I can find in the game. Liquid markets are bad for arbitrage but can be great for buying. The world will not end just because one product isn't quite as easy to snap up. It is certainly nothing compared to my accidentally putting in a Trit buy order for 2.60 for 5 jumps and suddenly discovering I had to move millions of Trit right as the marked dropped the sales price by .10.
It is what makes the game so much fun.
- Lexander
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Midas Man
Caldari
Dzark Asylum
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Posted - 2008.08.14 15:38:00 -
[10]
Originally by: Lexander Morinex
I tend to do much the same. Jita looks as close to a truly liquid market as I can find in the game. Liquid markets are bad for arbitrage but can be great for buying. The world will not end just because one product isn't quite as easy to snap up. It is certainly nothing compared to my accidentally putting in a Trit buy order for 2.60 for 5 jumps and suddenly discovering I had to move millions of Trit right as the marked dropped the sales price by .10.
It is what makes the game so much fun.
- Lexander
Hehe that and drunkenly deleting the decimal point instead of the last digit, did it once on a sell order of 90ish mil and ended up giving ~400mil to the broker after trying to sell it at 90 bil lol
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Kazzac Elentria
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Posted - 2008.08.14 15:47:00 -
[11]
Originally by: Ricdics
I was chatting with someone on MSN about this yesterday actually as well as showing another potential goldmine he could farm if he wanted Will be interested to see if he gives it a shot, if not I might do it myself.
It's definetly valid with named products in relatively high demand to do something like this. And in a lot of cases it's actually quite easily to hold the pricing adjustments for weeks on end with minimal upkeep.
I see a LOT of named items that have this potential and just to prove my point I will be finding one to manipulate tomorrow
Named items are some of the easiest to manipulate because you have a HUGE demand on them, despite T2 obviously being better more often than not the T2 variants require heavier skillset training to maximize those percentage benefits.
So because of this you can make HUGE gains by crashing prices, buying whole sale and then reselling elsewhere. Or conversely, purchasing amounts in steady streams elsewhere pulling them into a hub where you manipulate the prices upward.
And the nice thing about them is that because of the sheer number of modules, your chances are likely that you will be only 1 of 3 people watching said item in that region(s) so your chances at profit are greater. |
Midas Man
Caldari
Dzark Asylum
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Posted - 2008.08.14 16:05:00 -
[12]
also the point of supply (for the meta 5 at least) the drop rates are quite low so even the farmers can only accumilate a few of them, so once you have manipulated up there is only people with stock piles and inter region traders that can compete, both of which can be attacked in a few different ways.
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Astorothe
Aperture Science Industries
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Posted - 2008.08.15 04:58:00 -
[13]
Some people think that they find a "secret" way to make money and are totally baffled when it doesn't last for ever... It's so unfair!
You got lucky and made some good profits, as you said you have just started trading and you're already learning some valuable lessons. Trading in Eve is a whole lot of fun - truly a game within itself :)
Aperture Science Industries are recruiting players from Perth, Australia | Eve Online Web Design Services |
Joxxy
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Posted - 2008.08.15 08:40:00 -
[14]
Originally by: Astorothe
Some people think that they find a "secret" way to make money and are totally baffled when it doesn't last for ever... It's so unfair!
You got lucky and made some good profits, as you said you have just started trading and you're already learning some valuable lessons. Trading in Eve is a whole lot of fun - truly a game within itself :)
Oh I found 2 other items that give me good profit margins. That will last for a while before competition smells the blood in water and circle closes.
It was just interesting to see such a big change in buy order prices over just a few days.Was wondering how that happend - new player or was I stepping on someones toes and he upped the buy price to scare off the competition.
Anyway - with about a billion in my pocket came to another problem - having buy orders filled and money flowing
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Ordon Gundar
Caldari
Kingfisher Industries
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Posted - 2008.09.01 12:15:00 -
[15]
Welcome to Eve Trading!! 
I had a similar scenario recently. Myself, and a couple other Region-wide traders were buying a certain module for around 16k Isk per unit, with a few System and 2 jump orders above us, paying a HELL of a lot more for the same item. We were playing the 0.01 isk game, each of us picking up a few at a time, and re-selling them in Jita for 300k ISK each. Lovely! Nice little earner for all.
THEN! Someone comes in with a region-wide order, tons of quantity, at 199k Isk per unit! I swore quite loudly!
However, you have to suck this up, and realise it is someone attempting to corner the market by trying to put us off and give up. The secret is not to give up. I have a tactic for dealing with these situations which, more often than not, leads to the other person giving up before me!!
Its PvP, and its more underhanded and instense than any asteroid field ganking pirate!  |
Confuzer
Polaris Project
Curatores Veritatis Alliance
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Posted - 2008.09.01 13:14:00 -
[16]
If I am only online once a day, I make the buy prices so that I still am able to buy anything at all.
Still more profit that way. |
Nathan32Derby UK
Caldari
Deep Core Mining Inc.
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Posted - 2008.09.02 11:49:00 -
[17]
Every once in a while, i dive into the trading way of life, its more intelligence based but its a nice way of suplementing your mission earnings.
Anyway, a while back, I used to manipulate the markets in a few items. To generalize, I used to monopolize.
Don't wish to teach anyone how to suck eggs but heres how i used to do it.
I used to look at the region price for available stock and look at say the lowest 50-75% of the market sell orders.
As per your mention of the arby cruise launchers, I shall use that example.
for instance, i would see 20x different sell orders at prices ranging from 2 mill to 4.3 mill each, some guys selling 1's and 2's, some guys with half a dozen.
I would then decide that i was going to invest say 100 mill in this one item and i would end up buying the 50-60-70% of the lowest of the available sell orders. ( because i have now removed {{ temporarily }} the vast proportion of available stocks and sellers from the equation.) This gave me temporary control over the supply.(and the price)
I would then collect it up. If you have a 2nd acct, contract them over and have him collect it. If not, use the contract courier system (not advised though coz this is quite hands on). I'll explain later.
when I had all the said items all in one box, I would then distribute it in 4 or 5 preselected locations within the region and wait for it to be sold. To make this work though, a few things have to be done 2 or 3 time per day.
keep an eye on anyone suddenly having a stash of these items to sell. If they are under your sell price and you have the isk and your items are selling, then go buy them out to protect your price but only if their sell price is seriously undercutting you. if it isn't, then leave it.
One of 3 things generally happens.
1. Eventually the price stabilizes around your sell price (but people will still undercut you by 0.01 isk...) not a problem unless they are selling in the same station as you. (people won't take 5x minutes out of their routine to save 0.01 isk by undocking/docking/flying back for a slight saving)
2.people will still decide that you are overpriced and they wish to sell items at the price they were selling them last month.. again, if you have isk on the hip and your items are still selling, then buy them out.
3.You take a break from being "hands on" and over a week or so, the sell price eventually starts to fall again.
The reason i won't use the couriers in contracts is that you can never guarantee your stuff will get collected quickly. I feel the idea is to collect your stuff as quickly as possible and slap it back on the market. Because you have now made the lowest sell price your own, you could effectively drive this new low price up by 20/30/40/50%. If people need whatever it you are selling, most won't dive through to the next region and check the price out. If you wanna be really clever to stabilize this price, then do the same for the surrounding empire regions. yes, its time consuming, but i feel that if you are permanently trading with a couple of accts, it is quite do-able to left the average price in several large empire regions. You could then add to the impact of your profit by branching out into several different modules. Even rope your most trustsed friends into it all managing a couple of regions each.
Whilst your mods are selling, you jump back onto missioning or mining. That way, your revenue is always being supplemented and anything that you do make is going back out into the markets making even more isk instead of gathering dust in your wallet. |
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