Market Discussions

Hello.

I was looking at Technetium buy orders and I just noticed only a dump of 458,820 units into buy orders is needed to crash down to 120k ISK buy price range and from there another 273,694 units to reach 95k ISK buy price at the time of this writing.

As you can see, more and more bulk orders are showing up undercutting others by several thousand on the sell side. Just last night someone from the North dumped in excess of 200k units filling the majority of my buy orders and bringing the buy price down to under 180k ISK buy.

The past week, close to 500k units of Technetium passed through my hands so I know those 732,514 units needed to crash the price to 95k ISK are CHUMP CHANGE.

So what is it going to be?

Is it time for OTEC to suck today's **** or should I move on to Felsic Magma?

Discuss.

-cig

No - it's 458,820.24

Always add an arbitrary decimal point when making up numbers, that's the scientific way!

short answer: yes

Well, the natural price growth would have brought it to around 165k-175k by now, so I guess it won't fall below that for long, and it will go back to almost 200k in another 2-3 months even without cartel efforts, and we're probably going to see prices even higher until weeks before the winter patch (then depending on whether ring mining gets introduced, and how "good" will ring mining be, it could go either way).
P.S. Panic from people believing it will fall even more might briefly bring it to or even below 160k though, but that's actually a good thing for strong-balled traders, an opportunity to seize cheap stocks.

Guys stop tickling my desire to start posting charts!

It's almost like someone smelled it 3 days ago.

There is a group of alliances that controls 80% of the tech moons.
They work together to set the price. AKA they wont undersell, the Buy orders represent what ppl want to pay. the sell orders represent what they will pay.

This is not your standard supply and demand item, it is called a monopoly.

30k is insignificant. You need to see that that GSF is not in need of isk, they can wait for buyers to pony up. no pun intended

Cartels are fundamentally flawed if you can't manage to keep control of individual's desire for profit. Someone always breaks the agreement in order to earn a buck, and then others follow suit because of that. Before you know it... it's all over.

Now what i'm interested in seeing is the political ramifications of this. If it is indeed the goon's allies that are breaking their little cartel up, how will the goons respond? It just may be interesting... :o

saved me typing this out

the winners are the biggest tech players who can afford to just sit on their tech for around a month. the little guys gotta chase each other down to keep SRPs going, supers going into build, officer-pimped tengus for their directors, etc.

i think otec was a fine idea, but poorly timed. unfortunately you don;t get a lot of cracks at collusion when so much depends on trust in each other and faith in effectiveness.

that said, if goons have enough banked now, they can just manhandle tech and derivatives directly to achieve what they want, and **** the cheap price-fixing. I know PL has enough banked to **** with the market, but their extraction diffuse, and I'm pretty sure all their alliance income just goes into Shamis's wallet and sits there, plus they've never shown nearly the same interest in leveraging other forms of power beyond the political and military.