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I decided to drive the PLEX down to 360m
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OllieNorth
Recidivists Incorporated
#41 - 2011-11-16 16:53:36 UTC
Eww, Netherlandsish. Anyhow, good luck with this, I am enjoying this thread and look forward to the results. How long before the price disparity Jita->Rens, etc. becomes enough that some idiot tries to put a bunch of plex in his bestower and make a run?
Weaselior
GoonWaffe
Goonswarm Federation
#42 - 2011-11-16 17:22:05 UTC
flakeys wrote:
Weaselior wrote:
flakeys wrote:
Weaselior wrote:
this is hilariously dumb and your avatar is hilariously sad and pathetic


Do you talk to yourself more often ?


i suppose using a kindergarten level response and managing to mangle basic grammar makes sense


Ever checked your WOOHOOOO ICEMINERS DIE DIE DIE posts? What's the english term again , pot meet kettle ?

the english term is "pearls before swine" to describe my posts here

Head of the Goonswarm Economic Warfare Cabal Pubbie Management and Exploitation Division.
Tasko Pal
Spallated Garniferous Schist
#43 - 2011-11-16 18:53:55 UTC
Claire Voyant wrote:
This plan is so simple it's brilliant. I'm just sorry I didn't think of it first. Anyway, this is one bandwagon I can wholeheartedly climb on.

To all those naysayers, this train has already left the station and you need to get out of the way and jump on board.


Indeed. It's that pebbles have voted and the avalanche has started thing. Rah! Rah!
Mantra Achura
Stammtisch
#44 - 2011-11-16 20:13:58 UTC
The conecpt sounds solid and will work in spite of some buy-off for interegional trade as prices will adapt over time.

In my opinion stabilizing prices is still enough to create a turnround, cause speculation is sustained by rising prices.

We have to keep in mind that number of subscriptions is falling but number of transactions for PLEX is going up. Real demand is only a low percentage of the current amount traded. The rest is just pure inter-speculation trading and hoarding for bad times. I guess enough stocks are build up for that kind operation and real demand is low enough to push prices down. Smile

The "art of making money" is buy low and sell high. Buying is easy, but selling all of you stuff bought for a reasonable ammount of margin is a complex thing, in particular if prices are intended to rise but stagnating or decreasing. The more stuff stocked up the more challenging it gets to sell it without signaling a sell attempt to others and starting an ISK war. Rising prices makes it very easy: just place a sell order and wait for the rising average prices that will force people to buy off your orders. Price stagnation makes it impossible to sell without actively underbidding sell order prices or sell off via buy orders.

If this operation is able to start a kind of solid stagnation in PLEX prices speculators will sell, and that's what we want to see, right?
Mantra Achura
Stammtisch
#45 - 2011-11-16 20:33:37 UTC
I will give you a hand in fast trading in jita, mate, just for fun. Lets try it... Big smile
Grim Savage
suspended animations DOT
#46 - 2011-11-16 21:34:48 UTC
Earlier today I started buying PLEXes from CCP and selling them on the market hubs.
For now I have exchanged just over 500 USD and unloaded all of them at over 500 mill a piece and I think I will continue on tomorrow for another 500.

I already managed to buy up a couple of T2 BPO's for the isk as an investment and I will drop using my CC to pay for my account. I figure I can soon go back to buying PLEXes in JITA at 350 mill

I think this is a good time to get capital for the next expansion.
Scrapyard Bob
EVE University
Ivy League
#47 - 2011-11-16 22:35:40 UTC
Lord Jita
Lord Jita's Big Gay Corp
#48 - 2011-11-16 22:57:20 UTC  |  Edited by: Lord Jita
This will not work because there is someone much much richer than you (7 trillion+) thats been manipulating the market during Euro prime and is the reason why the price is where its at right now. He will just buy you out and relist them, he gives no F.
Mantra Achura
Stammtisch
#49 - 2011-11-16 23:31:30 UTC
With about 1 trilllion in trading volume per day in Jita only he isn't the main key player in that game. And he never ever has 7 trillion+ cash but most invested in certain items stuff. A proper speculator is spreading his investments and not betting on one horse only.
IceFyre S18
Zulu Labs
#50 - 2011-11-16 23:56:31 UTC
I guess by proper you meant proper like is written in books.
people that are successful does no do things that everyone do, but rather oposite.
Dream Five
Renegade Pleasure Androids
#51 - 2011-11-17 00:50:10 UTC  |  Edited by: Dream Five
back at it today. PLEX must be crushed.
Dream Five
Renegade Pleasure Androids
#52 - 2011-11-17 01:05:52 UTC
Lord Jita wrote:
This will not work because there is someone much much richer than you (7 trillion+) thats been manipulating the market during Euro prime and is the reason why the price is where its at right now. He will just buy you out and relist them, he gives no F.


That sounds like a recipe to losing a lot of ISK quick :)
Lord Jita
Lord Jita's Big Gay Corp
#53 - 2011-11-17 01:28:12 UTC
Dream Five wrote:
Lord Jita wrote:
This will not work because there is someone much much richer than you (7 trillion+) thats been manipulating the market during Euro prime and is the reason why the price is where its at right now. He will just buy you out and relist them, he gives no F.


That sounds like a recipe to losing a lot of ISK quick :)



hmm lets see he raised the price from 400m to 500m and he is losing isk how exactly
Dream Five
Renegade Pleasure Androids
#54 - 2011-11-17 02:27:55 UTC  |  Edited by: Dream Five
Lord Jita wrote:
Dream Five wrote:
Lord Jita wrote:
This will not work because there is someone much much richer than you (7 trillion+) thats been manipulating the market during Euro prime and is the reason why the price is where its at right now. He will just buy you out and relist them, he gives no F.


That sounds like a recipe to losing a lot of ISK quick :)



hmm lets see he raised the price from 400m to 500m and he is losing isk how exactly


As we speak :) Actually people who trade are smart enough to know better than buy me out. Nobody is buying me out.
Best they can do is unwind the stock slowly I believe.
Dream Five
Renegade Pleasure Androids
#55 - 2011-11-17 03:03:25 UTC  |  Edited by: Dream Five
good downward momemtum. pushed back to 480/490. support on large volume but it appears that people are holding off buying. might push below 480 in under 12 hours.
JitaJane
Science and Trade Institute
Caldari State
#56 - 2011-11-17 05:34:01 UTC
Not positive if the dynamics work but you may have just invented market griefing.....

90% of of the time my posts are about something I actually find interesting and want to learn more about. Do not be alarmed.

Dream Five
Renegade Pleasure Androids
#57 - 2011-11-17 05:56:13 UTC
There's some pretty violent trading going on right now. I think there's a lot of uncertainty and people are trying to bait each other into buying at a loss so the spread is hovering between 12-20m.
Aine Ni
Doomheim
#58 - 2011-11-17 09:19:50 UTC
Long time since I had, so good, a laugh... Roll

PLEX prices are NOT in anyway detemined by you. It is detemined by amount of peeps buy and sell PLEX with ISK and real cash.

With the current price - more peeps will buy with cash and than ISK, so market goes down.
Then prices get low enough - prices will raise again - as more peeps will buy with ISK than cash

So long term, only "how easy" of making ISK vs Cash will detemine PLEX prices. Speculators can affect market a small bit - but not long term - as market is way to big (Alone in Jita over 2.000 * 400m (800b minimum) are traded) - so 7 trillion will not even be enough.

Speculators can affect price, for short periods of time. But long term prices will always return to true value - which is currently going up as there are not enough ISK sinks.


But - good luck and have fun anyway Blink
Jak'rat
Doomheim
#59 - 2011-11-17 09:47:52 UTC
JitaJane wrote:
Not positive if the dynamics work but you may have just invented market griefing.....


Clearly, you've never been to Singapore... sorry... Rens.

The local market trolls sometimes take requests for a price manipulation on a item and invite you to watch. Other times they pick one at random (Hurricanes was fun). Then the spreadsheets in Jita see the trend and if it sustains, and they follow.

"That's not a ship, it's a flying shotgun..."
Dream Five
Renegade Pleasure Androids
#60 - 2011-11-17 18:11:52 UTC  |  Edited by: Dream Five
Aine Ni wrote:
Long time since I had, so good, a laugh... Roll

PLEX prices are NOT in anyway detemined by you. It is detemined by amount of peeps buy and sell PLEX with ISK and real cash.

With the current price - more peeps will buy with cash and than ISK, so market goes down.
Then prices get low enough - prices will raise again - as more peeps will buy with ISK than cash

So long term, only "how easy" of making ISK vs Cash will detemine PLEX prices. Speculators can affect market a small bit - but not long term - as market is way to big (Alone in Jita over 2.000 * 400m (800b minimum) are traded) - so 7 trillion will not even be enough.

Speculators can affect price, for short periods of time. But long term prices will always return to true value - which is currently going up as there are not enough ISK sinks.


But - good luck and have fun anyway Blink



Can be hard to push through large volume resistance with this method. I think it can be done but takes a lot of persistence :) I'm modifying my strategy a bit btw.