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Nenteculate
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Posted - 2008.12.14 22:18:00 -
[1]
THE TERRORIST has bought up every single Cap Recharger II in Lonetrek and is reselling at prices varying from 788,000,000 to 1,388,000,000 over a large part of the region (generally one or two per station) with a huge quantity at 3-4 times normal market price at various stations.
I guess that if he gets just one or two suckers to buy at those prices of over a billion then he'll be laughing but I wonder just how successful doing this sort of thing actually is? It's quite a big job and he must have racked up a lot in brokerage by doing it in so many stations.
I shall be watching closely.
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Bad Bobby
Ugly Toys
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Posted - 2008.12.14 22:30:00 -
[2]
A fool and his money are soon parted.
The question is how many fools amass a billion isk in the first place so they can complete such a transaction. Do they wander around with a donkey choaking wallet or, like me, do they keep any large volumes of isk in seperate wallets to limit risk?
The brokerage fees are considerable, like you point out, so that would be the limiting factor on how successfull this scheme would be. If I were him I'd be wanting to cover all my costs and make a tidy profit even if I only sell one so that would limit the nunber of orders I would put up across several regions.
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Frenden Dax
Dax Acquisitions
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Posted - 2008.12.14 22:38:00 -
[3]
That won't last long. Someone will see the ridiculous prices and start importing inventory. If he buys them out, they can just import more.
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PuRuSkA
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Posted - 2008.12.14 22:41:00 -
[4]
if adv moon material price double that mean 13k increase in production cost :P
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Ricdics
Tleilex Developments
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Posted - 2008.12.15 00:17:00 -
[5]
He only needs a single buy to payback the majority of his investment.
However his operational costs aren't in purchasing of newly seeded stocks, it will be in the hefty transaction/broker taxes.
You would only need a 5 billion isk or so to hold that market over the first day or two but I hope he has good standings with the station as well as very strong trade skills
His aim isn't to sell all those stocks, at least not right now. His aim is to get one or two lucky hits that will make the whole thing worthwhile. |
Jenkins Leroy
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Posted - 2008.12.15 01:32:00 -
[6]
Originally by: PuRuSkA if adv moon material price double that mean 13k increase in production cost :P
And that exactly explains why prices are going up. Its just supply and demand not manipulation
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Ricdics
Tleilex Developments
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Posted - 2008.12.15 02:10:00 -
[7]
Originally by: Jenkins Leroy
Originally by: PuRuSkA if adv moon material price double that mean 13k increase in production cost :P
And that exactly explains why prices are going up. Its just supply and demand not manipulation
Ahh, so you believe that increased demand due to limited supply is the reason behind this item being repriced from 1.2m to 800m? Do you have any idea what you are talking about? |
Ricdics
Tleilex Developments
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Posted - 2008.12.15 02:15:00 -
[8]
I should clarify that you are correct it's not necessarily manipulation. The person doing this knows very well that the price cannot be sustained there. It's more a person trying to use trickery to earn money with little difference to contract scams. He knows no-one will knowingly pay 700m for a CPRII but he hopes some will unknowingly purchase the items.
Personally if it were me I would have priced around the 50m range for a few reasons:
1) Far less market / broker related fee's 2) More chance of people having that in their wallet
In current form his system relies on two factors. First is the stupid factor, the people pressing buy without thinking. Second is that the people will have 800m sitting idle in their wallet. So he would be better off removing one factor (far more likely to have 50 than 800 in wallet, especially when buying CPRII, it means person may be fitting a t2 ship/bs) rather than relying on both.
His idea is likely that he only needs one person to fall victim in order to recoup all his operational costs but his plan is flawed in that it's likely he won't be able to hold up the manipulation long enough for both factors to be performed. |
Giovanni F
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Posted - 2008.12.15 02:21:00 -
[9]
This begs the question. If he has repriced said items to such egregious levels, what person has the money and the stupidity to purchase a damn cap recharger II for that much. And if someone does purchase one for that much and can't wait for a day or so for the prices to return to normalcy, than this shouldn't be considered manipulation on the part of The Terrorist, but stupidity on the part of the consumer.
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Naomi Campbelle
Cyber Trading
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Posted - 2008.12.15 02:27:00 -
[10]
Jita prices are 1.1-1.15M ISK each (available volume is currently around 500 units). If you think you can arbitrage that then I suggest you buy these and resell in Lonetrek undercutting THE TERRORIST.
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Kwint Sommer
Caldari XERCORE
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Posted - 2008.12.15 02:32:00 -
[11]
Originally by: Jenkins Leroy
Originally by: PuRuSkA if adv moon material price double that mean 13k increase in production cost :P
And that exactly explains why prices are going up. Its just supply and demand not manipulation
Ya, supply and demand caused the price to go up 1000 fold overnight. That seems like a perfectly reasonable explanation....
Have I mentioned how much I love MD's prominent new position? Boy, what did we ever do before we got spillover from general discussion?
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.12.15 02:45:00 -
[12]
Yeh I am going to work with Sentry to restructure the EBANK forums to allow proper investment discussion areas etc. It is getting pretty ridiculous in here.
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nether void
Caldari Shrapnel Industries
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Posted - 2008.12.15 03:24:00 -
[13]
The scam is to list the items at 1000x the original values so someone buying really fast won't notice the difference (not reading closely at all). It really doesn't have anything to do with what the mark up actually is, but more that it looks like the old price. --------------------
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inVictu5
Caldari Universal-Corp Nexus-Alliance
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Posted - 2008.12.15 10:44:00 -
[14]
I guess Trit's going for 30m ISK in Lonetrek as well. Its prolly the Lonetrek based corp "Market Jihadists".. Some name like that. Anyways, you could possibly do this across empire by uniting major traders in an alliance.
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Ray McCormack
hirr
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Posted - 2008.12.15 12:11:00 -
[15]
Originally by: inVictu5 "Market Jihadists"
Treelox you terrorist.
Also, Kwint, you snob.
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Captain Pompous
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Posted - 2008.12.15 12:30:00 -
[16]
Originally by: Kwint Sommer Have I mentioned how much I love MD's prominent new position? Boy, what did we ever do before we got spillover from general discussion?
this isn't your personal domain
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SonOfAGhost
Minmatar Minmatar Munitions and Tactical Assets Repository Zzz
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Posted - 2008.12.15 13:07:00 -
[17]
Originally by: Captain Pompous this isn't your personal domain
It's always helpful when people choose descriptive names that fit their personalities -----
Originally by: kedoremos EVE's economy is **** for CPAs, Annuities, and Stock Brokers.
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GPszith
Gallente Gypsy Productions
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Posted - 2008.12.15 14:52:00 -
[18]
Hmm
I looked at the market and he or she put up 40 at a price range of 800m to 1.2b. I can see the attempt as a way to do two things. The first which has already been discussed is simply get someone who is in a rush and reads that 855m as 855k and has 855m in their wallet. Is there a possible secondary gain that he/she wants to drive the price in Jita (one jump out of Lonetrek) up because people buy recharger iis to move to Lonetrek?
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Talsha Talamar
Amarr Nebula Rasa Holdings Nebula Rasa
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Posted - 2008.12.15 15:09:00 -
[19]
Edited by: Talsha Talamar on 15/12/2008 15:09:49 Such *special* people are exactly the reason, why I keep the majority of my liquid assets in my associates corporation and in an account that I never set directly active...
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SencneS
Amarr Rebellion Against big Irreversible Dinks
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Posted - 2008.12.15 15:25:00 -
[20]
Originally by: Captain Pompous this isn't your personal domain
You're absolutely right! This isn't his personal domain, it's the collective us that make this forum what it is. Like all living entities in the universe it's our duty and our right to cut out the infected unwelcome tissue. Why hold on and feed vital resources to that which can't use it.
Adapt or die, become as intelligent as the majority or get left behind and ridiculed.
Amarr for Life |
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Dragonz Fire
The Graduates Morsus Mihi
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Posted - 2008.12.15 15:59:00 -
[21]
Originally by: SencneS
Originally by: Captain Pompous this isn't your personal domain
You're absolutely right! This isn't his personal domain, it's the collective us that make this forum what it is. Like all living entities in the universe it's our duty and our right to cut out the infected unwelcome tissue. Why hold on and feed vital resources to that which can't use it.
Adapt or die, become as intelligent as the majority or get left behind and ridiculed.
please read the fountainhead by ayn rand. thanks.
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Malphilos
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Posted - 2008.12.15 16:28:00 -
[22]
Originally by: Dragonz Fireplease read the fountainhead by ayn rand. thanks.[/quote
Then move up to "Go Dog Go"?
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Dragonz Fire
The Graduates Morsus Mihi
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Posted - 2008.12.15 16:41:00 -
[23]
Originally by: Malphilos
Originally by: Dragonz Fireplease read the fountainhead by ayn rand. thanks.[/quote
Then move up to "Go Dog Go"?
wtf. how did you know?
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SencneS
Amarr Rebellion Against big Irreversible Dinks
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Posted - 2008.12.15 17:15:00 -
[24]
Originally by: Dragonz Fire Please read the fountainhead by ayn rand. thanks.
Err yeah, that's relevant to a community made up of many individuals.
People who have been part of this community and help it to become what it is today, do not wish to have lazy, uncomprehending noobs degrade what we've all shrived to maintain.
OK, how about - Survival of the fittest, only those that have the knowledge and understanding can make it in these forums. Expect to be left behind if you don't grasp what everyone is talking about. Don't whine and complain when you don't understand, and no one wants to help you.
MD Forum Wisdom - This is forum is a palace with a fountain of information at it's heart. Seek out the fountain in solitude and much respect is given. Only those that learn alone are rewarded with the gifts the community has to offer.
Amarr for Life |
Confuzer
Volition Cult The Volition Cult
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Posted - 2008.12.15 17:57:00 -
[25]
Edited by: Confuzer on 15/12/2008 18:02:09 Edited by: Confuzer on 15/12/2008 18:00:02 He doesn't.
I have been milking him when he tried this for 500 mil profit.
Then some suckers put items on the market for 25 mil each. Dumb f**** because then he stopped buying and I had 300+ items waiting to be sold to him for at least 3 mil profit a piece. I was putting them on the market bit by bit so he wouldn't quit buying from me. When I tried to sent a message for the 2nd time, he raised his CSPA charge to 2 bil :D
Well, it was a nice ride :)
2008-12-13 17:44:00 Cap Recharger II 3.999.999 41 163.999.959 *** Iidoken Sell Iidoken III - Caldari Constructions Warehouse 2008-12-13 17:40:00 Cap Recharger II 3.729.837 43 160.382.991 *** Nourvukaiken Sell Nourvukaiken II - Moon 1 - Modern Finances Investment Bank 2008-12-13 17:40:00 Cap Recharger II 3.699.999 29 107.299.971 *** Tunttaras Sell Tunttaras IX - Moon 11 - Ytiri Storage 2008-12-13 17:34:00 Cap Recharger II 3.489.989 29 101.209.681 *** Sarekuwa Sell Sarekuwa III - Moon 6 - Caldari Steel Warehouse 2008-12-13 17:29:00 Cap Recharger II 3.428.998 29 99.440.942 *** Veisto Sell Veisto V - Caldari Steel Factory 2008-12-13 17:15:00 Cap Recharger II 2.999.999 20 59.999.980 *** Sarekuwa Sell Sarekuwa III - Moon 6 - Caldari Steel Warehouse 2008-12-13 14:31:00 Cap Recharger II 1.999.997 31 61.999.907 *** Sarekuwa Sell Sarekuwa III - Moon 6 - Caldari Steel Warehouse 2008-12-13 14:31:00 Cap Recharger II 1.799.999 24 43.199.976 *** Oimmo Sell Oimmo IV - Moon 10 - Spacelane Patrol Assembly Plant 2008-12-13 14:02:00 Cap Recharger II 1.999.997 4 7.999.988 *** Sarekuwa Sell Sarekuwa III - Moon 6 - Caldari Steel Warehouse ----------------- Destiny is not a matter of chance. It is a matter of choice. It's not a thing to be waited for - it is a thing to be achieved. |
Fitz VonHeise
The New Order.
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Posted - 2008.12.15 18:27:00 -
[26]
THE TERRORIST has done this same scam with other items. Namely with Warfare modual.
I've been selling a few and noticed that he would buy them all at normal 300,000 or so and then put up a few at 300m. He is hoping for people to just happly click away at buying. If you have the isk in your wallet... it is gone.
What I have had to do... is put up 10 for 29m and then 50 at 900,000 and then my normal 100 or so at the 400,000 price. If I just put up 100 at even 600,000 he would buy ALL of them and then sell one or two at the 310m price.
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Rho'varo
Minmatar Diversified Operational Services
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Posted - 2008.12.15 18:30:00 -
[27]
Originally by: Confuzer When I tried to sent a message for the 2nd time, he raised his CSPA charge to 2 bil
That seems unlikely, since the maximum CSPA charge is 1 million ISK.
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Confuzer
Volition Cult The Volition Cult
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Posted - 2008.12.15 18:50:00 -
[28]
1 mil? When I tried to sent a msg, I seemed much bigger.... odd? Now it is changed back... hhmm o wait, prob a n00b corp msg, my mistake :D ----------------- Destiny is not a matter of chance. It is a matter of choice. It's not a thing to be waited for - it is a thing to be achieved. |
Jamier Legov
Minmatar Sebiestor tribe
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Posted - 2008.12.15 22:16:00 -
[29]
Quote: If I just put up 100 at even 600,000 he would buy ALL of them and then sell one or two at the 310m price
And why is that a problem for you? Seems like you could make a decent profit that way?
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Captain Pompous
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Posted - 2008.12.15 23:56:00 -
[30]
Originally by: SonO***host
Originally by: Captain Pompous this isn't your personal domain
It's always helpful when people choose descriptive names that fit their personalities
in this alt's case, it was the other way around
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