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and the award for worst market operator of the week goes to....

Author
Rellik B00n
Republic Military School
Minmatar Republic
#1 - 2013-01-15 23:19:34 UTC
Thought id share this with you to cheer you up!


I have a stock of auto-targetting caldari navy light missiles.

on inspection of the market I noticed that there were no sell orders for this product and only a few buy orders.

I have used this product before to make a profit, so this time I thought to make a bigger one.


I set about steadily upping the amount of buys and sells to make it appear a much more active market.
I bought steadily from orders waay above regional average because of you-know-why.
All of my high buy orders had a minimum quantity for you-also-know-why.

and then....a mistake...


i had set all my buys from my personal wallet rather than running them from seperate corp wallets.

this left me in the position that if one of my buy orders was to fail for some reason I would suddenly have a large amount of ISK in my wallet.


you can see where this is going im sure, so to cut the suspense i bought about 30 light missiles for approx. 600m! Big smile


these kind of revelations are usually followed by much chest beating about how much the player that lost out is actually worth and etc, but I dont feel the need here.

I was running a situation that had a fairly small chance of succeeding for a relatively small investment in order taxes which seemed worthwhile to me, and I failed because I didnt stop to think about the possibly of other people coming into the market.

anyhoo, much respect to the person that made 600m off me I hope you enjoy spending it Smile

dont be adding me to a 'known victims' list, this is not something I will be repeating hehe.
[Of a request for change ask: Who Benefits?](https://forums.eveonline.com/default.aspx?g=posts&find=unread&t=199765)
Candy Oshea
Techfree Investment Group
#2 - 2013-01-15 23:22:37 UTC
CAN WE GET A TL:DR VERSION

iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!

Alex Grison
Grison Universal
#3 - 2013-01-15 23:23:18 UTC
Rellik B00n wrote:
Thought id share this with you to cheer you up!


I have a stock of auto-targetting caldari navy light missiles.

on inspection of the market I noticed that there were no sell orders for this product and only a few buy orders.

I have used this product before to make a profit, so this time I thought to make a bigger one.


I set about steadily upping the amount of buys and sells to make it appear a much more active market.
I bought steadily from orders waay above regional average because of you-know-why.
All of my high buy orders had a minimum quantity for you-also-know-why.

and then....a mistake...


i had set all my buys from my personal wallet rather than running them from seperate corp wallets.

this left me in the position that if one of my buy orders was to fail for some reason I would suddenly have a large amount of ISK in my wallet.


you can see where this is going im sure, so to cut the suspense i bought about 30 light missiles for approx. 600m! Big smile


these kind of revelations are usually followed by much chest beating about how much the player that lost out is actually worth and etc, but I dont feel the need here.

I was running a situation that had a fairly small chance of succeeding for a relatively small investment in order taxes which seemed worthwhile to me, and I failed because I didnt stop to think about the possibly of other people coming into the market.

anyhoo, much respect to the person that made 600m off me I hope you enjoy spending it Smile

dont be adding me to a 'known victims' list, this is not something I will be repeating hehe.


I'm confused? you tried to set up a margin scam and then derped?

yes

Kara Books
Deal with IT.
#4 - 2013-01-16 03:29:38 UTC
you cant even derp correctly
Rellik B00n
Republic Military School
Minmatar Republic
#5 - 2013-01-16 10:07:35 UTC
i derped the derp?

as requested TL:DR

1. attempt market average manipulation with a view to margain work/over-valued goods sales.

2. fail and pay out 600m for 30 light missiles.

questions?
[Of a request for change ask: Who Benefits?](https://forums.eveonline.com/default.aspx?g=posts&find=unread&t=199765)
Demolishar
United Aggression
#6 - 2013-01-16 13:17:45 UTC
wow 600m who cares
Claire Coffee
Coffee Inc
#7 - 2013-01-16 13:35:18 UTC  |  Edited by: Claire Coffee
I spotted at least two self-important midgets in this thread. Was worth reading it. Pirate

[b]DRINK COFFEE Do stupid things Faster with More Energy[/b]

flakeys
Doomheim
#8 - 2013-01-16 13:50:09 UTC
Mistakes , we all make them Blink

We are all born ignorant, but one must work hard to remain stupid.

Sola Mercury
Republic Military School
Minmatar Republic
#9 - 2013-01-16 13:59:28 UTC
Rellik B00n wrote:


anyhoo, much respect to the person that made 600m off me I hope you enjoy spending it Smile



it was certainly appreciated as a generous B00n on his side Lol
Rellik B00n
Republic Military School
Minmatar Republic
#10 - 2013-01-16 14:24:46 UTC
Demolishar wrote:
wow 600m who cares


here, this is for you, ironically your avatar looks a lot like him Smile


moving on, I've been reading this forum subsection for years but I rarely see the need to post - im not going to tell you how I made my ISK, im not going to make a fake IPO, I cant comment on recent market trends because I dont play enough anymore, and I dont see the need to post a 'omg X is gonna skyrocket, buy mine!' thread.



I thought it would be nice to share a 'DOH!' story instead of an 'Im so clever and this is why' story.

Smile
[Of a request for change ask: Who Benefits?](https://forums.eveonline.com/default.aspx?g=posts&find=unread&t=199765)
sodney
Tactical Feed.
Pandemic Horde
#11 - 2013-01-16 14:34:19 UTC
Rellik B00n wrote:

i had set all my buys from my personal wallet rather than running them from seperate corp wallets.



thats pretty much the TL;DR.

well done Rellik B00n Lol
RavenPaine
RaVeN Alliance
#12 - 2013-01-16 15:44:15 UTC
I almost bought a badger II for a billion once... a freakish comment in vent saved me from clicking at the last nano-second.


Marketing: More dangerous than you realised Shocked
Samroski
Middle-Earth
#13 - 2013-01-16 17:55:54 UTC
My attempts at (minor) market manipulations have also generally ended in tears. In fact I have many times set things up for someone else to benefit greatly. Recently did this with deadspace and officer module market, where I bought heavily, made prices sky rocket for some items, and then could not log in for a few days to take the benefit, while others made billions.

Things have a way of going full circle though. I had a useless T2 ammo BPO, where the ammo was selling below production cost for many months. I needed some money, and put the BPO up on contracts at 4 times the value to see if someone would bite. In the meantime, someone manipulated the ammo market (I swear it was not me) heavily, and the price of the related ammo skyrocketed a few 100 times, and before I knew it the BPO was snapped up.

Win some, lose some.

Any colour you like.

Rellik B00n
Republic Military School
Minmatar Republic
#14 - 2013-01-16 19:53:31 UTC
hehe some cool replies here, nice to see some of us market dabblers are only human Smile

in response to the iteron dude: i have in my time sold several iteron mark Is for 400m ISK. You just need drunk enough people around hehe.
[Of a request for change ask: Who Benefits?](https://forums.eveonline.com/default.aspx?g=posts&find=unread&t=199765)
Candy Oshea
Techfree Investment Group
#15 - 2013-01-16 22:05:36 UTC
Rellik B00n wrote:
i derped the derp?

as requested TL:DR

1. attempt market average manipulation with a view to margain work/over-valued goods sales.

2. fail and pay out 600m for 30 light missiles.

questions?


thankyou

and lol 600m you got off easy :)

iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!