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Cruiser prices
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Insenia Rascope
DKY Pharmaceuticals
#1 - 2012-12-07 00:35:28 UTC
Does anyone have an explanation on why most cruisers are being sold (far) below the mineral cost to make one?
The arbitrator for example needs ~9.5m worth of materials to make, yet the sell orders are at 8.3m isk at the moment.
Abdiel Kavash
Deep Core Mining Inc.
Caldari State
#2 - 2012-12-07 00:37:37 UTC  |  Edited by: Abdiel Kavash
Is this the new "omg invention rates r nurrrrft" thread that we get after every expansion nowadays?

tldr, go read patch notes. Mineral costs of stuff have changed.
Insenia Rascope
DKY Pharmaceuticals
#3 - 2012-12-07 00:43:15 UTC
Abdiel Kavash wrote:
Is this the new "omg invention rates r nurrrrft" thread that we get after every expansion nowadays?

tldr, go read patch notes. Mineral costs of stuff have changed.


I am aware of the changes, I was just wondering why the price hasn't gone up yet. Is it because a lot of people still have orders open and the cheap bulk of ship has to be sold first before the price rises? Or am I missing something else?
Abdiel Kavash
Deep Core Mining Inc.
Caldari State
#4 - 2012-12-07 00:59:57 UTC
Smart people knew about the change weeks ahead and built up a huge stockpile. Until that sells, they get to dictate the price.
corestwo
Goonfleet Investment Banking
#5 - 2012-12-07 01:08:28 UTC
Insenia Rascope wrote:
Abdiel Kavash wrote:
Is this the new "omg invention rates r nurrrrft" thread that we get after every expansion nowadays?

tldr, go read patch notes. Mineral costs of stuff have changed.


I am aware of the changes, I was just wondering why the price hasn't gone up yet. Is it because a lot of people still have orders open and the cheap bulk of ship has to be sold first before the price rises? Or am I missing something else?


I built ten thousand of the new Tier 1 logistics cruisers at the old mineral price.

I know at least one other fellow who built "around 35000" of various hulls.

Many other players have build anywhere from a few dozen to several thousand themselves.

Needless to say, those prices will not be rising for some time.

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
Musashi Date
#6 - 2012-12-07 01:40:31 UTC
Sell low to corner the market, low enough so that other players could not compete, high enough to be still listed as the lowest at your region - Market PVP.
Arronicus
State War Academy
Caldari State
#7 - 2012-12-07 02:09:41 UTC
corestwo wrote:
Insenia Rascope wrote:
Abdiel Kavash wrote:
Is this the new "omg invention rates r nurrrrft" thread that we get after every expansion nowadays?

tldr, go read patch notes. Mineral costs of stuff have changed.


I am aware of the changes, I was just wondering why the price hasn't gone up yet. Is it because a lot of people still have orders open and the cheap bulk of ship has to be sold first before the price rises? Or am I missing something else?


I built ten thousand of the new Tier 1 logistics cruisers at the old mineral price.

I know at least one other fellow who built "around 35000" of various hulls.

Many other players have build anywhere from a few dozen to several thousand themselves.

Needless to say, those prices will not be rising for some time.


What he said. I built a few hundred of each profitable cruiser myself, and half a thousand of each frigate, and know a lot of others who did.
Skydell
Bad Girl Posse
#8 - 2012-12-07 03:15:18 UTC  |  Edited by: Skydell
If it helps, I have a shitload of pre-ret cruisers and they will sell based on current value. Today, next month. next year, as T1 or T2. I don't care.

Or I will blow them up for the insurance and salvage them. That works too.
Dave Stark
#9 - 2012-12-07 08:07:26 UTC
oh look, a thread about rich people getting richer because of a patch. who'd have thought it?

edit: yes, i'm jealous.
Albert Temper
Caldari Provisions
Caldari State
#10 - 2012-12-07 13:17:07 UTC
Price will never rise, the stockpiles this time are too huge. I'd go with 10 times as much oversaturation than the Procurer and Retrievers last time at least due to the cheapness of the BPOs for the cruisers.
Lutin Ballista
Ballista Investment Corp
#11 - 2012-12-07 13:27:49 UTC
corestwo wrote:


I built ten thousand of the new Tier 1 logistics cruisers at the old mineral price.

Needless to say, those prices will not be rising for some time.


I don't really understand the logic with regard the above process.

Surely you would make more money reinvesting your finances in short term projects (i.e. 20% profit margin on buying and selling repeated multiple times) compared to buying and sitting on thousands of ships for a long time?

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#12 - 2012-12-07 13:46:22 UTC
Lutin Ballista wrote:
corestwo wrote:
I built ten thousand of the new Tier 1 logistics cruisers at the old mineral price.

Needless to say, those prices will not be rising for some time.


I don't really understand the logic with regard the above process.

Surely you would make more money reinvesting your finances in short term projects (i.e. 20% profit margin on buying and selling repeated multiple times) compared to buying and sitting on thousands of ships for a long time?

Those two are not equivalent in terms of effort required.

Making a massive stockpile of T1 cruisers and listing them on the market is a matter of a few mouse clicks.

You can't really compare that to sustained active station trading as if they were either/or alternatives.
corestwo
Goonfleet Investment Banking
#13 - 2012-12-07 14:23:24 UTC  |  Edited by: corestwo
Bad Bobby wrote:
Lutin Ballista wrote:
corestwo wrote:
I built ten thousand of the new Tier 1 logistics cruisers at the old mineral price.

Needless to say, those prices will not be rising for some time.


I don't really understand the logic with regard the above process.

Surely you would make more money reinvesting your finances in short term projects (i.e. 20% profit margin on buying and selling repeated multiple times) compared to buying and sitting on thousands of ships for a long time?

Those two are not equivalent in terms of effort required.

Making a massive stockpile of T1 cruisers and listing them on the market is a matter of a few mouse clicks.

You can't really compare that to sustained active station trading as if they were either/or alternatives.


Basically this. You don't active station trade with as much isk as I have, and even if you did there's no way you're getting 20% profit margin on very much of it. At this level you are doing things like short term cycle trades on PLEX and minerals moving 100b isk in a trade for 1% (if that). But that's effort, and I hate effort, so I'd rather keep a bunch of medium to long term trades and speculations going instead.

Also, it's not like I have to wait for them to fully mature anyway. Sure I could wait a year and sell them for the full ~100% profit (as I built logistics cruisers), or I could sell them right now as well, seeing as they've already risen considerably from my build point.

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
Ravenclaw2kk
Native Freshfood
Minmatar Republic
#14 - 2012-12-07 15:27:31 UTC
LOL - Go look at the frigate prices, they are in much worse condition (bantam, burst and navitas) They were built in such a huge quantity that it will probably take years for the prices to get to full (post patch) mineral value. I personally built 50,00 frigs and sold about 20,000 pre patch for insane profit. The rest i am just going to sit on until whenever i feel i need the isk badly enough. It's an easy, safe, long term investment that takes no effort.

I also built a ton of cruisers and sold 1/2 at 50% profit (to re-invest) and, with the same logic, i will just sit on the rest until they reach 70-80% mineral cost. It's been, what, 3 days since the patch and the prices are already up 50% of build cost. It won;t take all that long for the prices to bounce up to 90% and even if it does it's not like i have to do anything to make a profit even in the current market.
Kira Vanachura
Green Visstick High
#15 - 2012-12-07 15:57:25 UTC  |  Edited by: Kira Vanachura
Insenia Rascope wrote:
Does anyone have an explanation on why most cruisers are being sold (far) below the mineral cost to make one?
The arbitrator for example needs ~9.5m worth of materials to make, yet the sell orders are at 8.3m isk at the moment.

The mineral cost is higher because a lot of people bought overpriced minerals to make ships. Prices will go down.
Lutin Ballista
Ballista Investment Corp
#16 - 2012-12-07 17:15:07 UTC
Bad Bobby wrote:

You can't really compare that to sustained active station trading as if they were either/or alternatives.


A fair point. Thanks for the response.

corestwo wrote:

Basically this. You don't active station trade with as much isk as I have, .


So you're unlike a lot of the normal investers in that you seem to have too much money (kind of). I see your point.

Would you still recommend it to 'normal' investors with only a couple of billion?