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PLEX manipulation in progress - ride the wave

Author
LUMINOUS SPIRIT
Caldari Provisions
Caldari State
#1 - 2014-03-16 18:54:45 UTC  |  Edited by: LUMINOUS SPIRIT
{EDIT} - i had market sorted by quantity not price, it turns out. ignore my post lol, my bad :)


Jita market all plex is bought up. There is literally 55 plex for sale under 1 bn, most of it in the 700 range. I counted.

When it happened before, PLEX spiked to 825-850 for a week.

Now is the time to ride the wave, and sell yours while prices are high - or buy the cheaper ones and relist.

Disclosure: Im also riding the wave ( altho im not the dude that bought the entire market out - my interest is in single digits ).
Taal Khurin
Acorn Harvesting
#2 - 2014-03-16 18:57:05 UTC
Woah really?

/me check eve-central

Nope you're wrong if this is accurate - http://eve-central.com/home/quicklook.html?typeid=29668
LUMINOUS SPIRIT
Caldari Provisions
Caldari State
#3 - 2014-03-16 18:59:16 UTC
Taal Khurin wrote:
Woah really?

/me check eve-central

Nope you're wrong if this is accurate - http://eve-central.com/home/quicklook.html?typeid=29668



I just came from jita 5min ago. Ceptor shuttle for the win.

Eve-market updates once every 24 hours i think. Its not very good for high-volume stuff.
Taal Khurin
Acorn Harvesting
#4 - 2014-03-16 19:02:25 UTC
LUMINOUS SPIRIT wrote:
Taal Khurin wrote:
Woah really?

/me check eve-central

Nope you're wrong if this is accurate - http://eve-central.com/home/quicklook.html?typeid=29668



I just came from jita 5min ago. Ceptor shuttle for the win.

Eve-market updates once every 24 hours i think. Its not very good for high-volume stuff.


It updates with the eve-central market updater tool which i usually have running (if i remember to turn it on)
LUMINOUS SPIRIT
Caldari Provisions
Caldari State
#5 - 2014-03-16 19:05:09 UTC
Well, be that as it may, when i was in jita 10min ago, it was as I said.
Little Dragon Khamez
Guardians of the Underworld
#6 - 2014-03-16 20:51:25 UTC
LUMINOUS SPIRIT wrote:
Jita market all plex is bought up. There is literally 55 plex for sale under 1 bn, most of it in the 700 range. I counted.

When it happened before, PLEX spiked to 825-850 for a week.

Now is the time to ride the wave, and sell yours while prices are high - or buy the cheaper ones and relist.

Disclosure: Im also riding the wave ( altho im not the dude that bought the entire market out - my interest is in single digits ).


CCP takes the manipulation of the market place very seriously, people who have been caught doing this have been banned.

Dumbing down of Eve Online will result in it's destruction...

Derath Ellecon
University of Caille
Gallente Federation
#7 - 2014-03-16 21:02:28 UTC  |  Edited by: Derath Ellecon
Little Dragon Khamez wrote:
LUMINOUS SPIRIT wrote:
Jita market all plex is bought up. There is literally 55 plex for sale under 1 bn, most of it in the 700 range. I counted.

When it happened before, PLEX spiked to 825-850 for a week.

Now is the time to ride the wave, and sell yours while prices are high - or buy the cheaper ones and relist.

Disclosure: Im also riding the wave ( altho im not the dude that bought the entire market out - my interest is in single digits ).


CCP takes the manipulation of the market place very seriously, people who have been caught doing this have been banned.



Really? When? I have never heard of anyone every getting banned simply by having enough isk to buy up all the items of anything.


[edit]

BTW I'm in Jita now and I don't see what the OP is describing.
Benny Ohu
Royal Amarr Institute
Amarr Empire
#8 - 2014-03-16 21:17:30 UTC
Derath Ellecon wrote:

i don't know about 'banned'. but ccp takes corrective action to plex price manipulation, using plex taken from bots and rmt, with the csm acting as oversight
Grainsalt
Independent'R'Us
#9 - 2014-03-16 21:24:13 UTC
Cheapest right this moment in Jita is 655m. There are about 100 for sale 660m or lower.
Hasikan Miallok
Republic University
Minmatar Republic
#10 - 2014-03-16 21:25:10 UTC
Benny Ohu wrote:
Derath Ellecon wrote:

i don't know about 'banned'. but ccp takes corrective action to plex price manipulation, using plex taken from bots and rmt, with the csm acting as oversight



Like this sale at present

The Forge 0.9 Jita IV - Moon 4 - Caldari Navy Assembly Plant 657,589,999.00 62 PLEX

Not necessarily CCP but big single price sells are suspicious.
Erotica 1
Krypteia Operations
#11 - 2014-03-16 21:27:32 UTC
The charts are more like a moving average. CCP deletes what they consider to be out of range trades from the data(not all the time, but often). For instance, last summer PLEX traded higher than what the charts show for Jita. Around 50-100 or so trades sbove the peak are not reflected. Any upward spike this weekend would most likely be due to 1.3 ship painting, as people buy plex to convert to aurum. This should be offset by the 10% off PLEX sale.

See Bio for isk doubling rules. If you didn't read bio, chances are you funded those who did.

Rakshasa Taisab
Sane Industries Inc.
#12 - 2014-03-16 21:34:05 UTC
BUY ALL PLEX AT 800M ISK, BECOME VeRY VERY RICH!!!

Nyan

Beekeeper Bob
Beekeepers Anonymous
#13 - 2014-03-16 22:07:00 UTC
Little Dragon Khamez wrote:
LUMINOUS SPIRIT wrote:
Jita market all plex is bought up. There is literally 55 plex for sale under 1 bn, most of it in the 700 range. I counted.

When it happened before, PLEX spiked to 825-850 for a week.

Now is the time to ride the wave, and sell yours while prices are high - or buy the cheaper ones and relist.

Disclosure: Im also riding the wave ( altho im not the dude that bought the entire market out - my interest is in single digits ).


CCP takes the manipulation of the market place very seriously, people who have been caught doing this have been banned.


What kind of drugs have you been taking? Prices are manipulated on a daily basis by players, if you believe otherwise, I have a bridge in Dodixie I'd like to sell you.

Signature removed - CCP Eterne

PinkPanter
Valhalla Drinking Team
#14 - 2014-03-16 22:11:20 UTC
OP bought too many plexes and now it's stuck so tries to unload it.
Old.

1/10 for being a noob.
Alec Freeman
Sebiestor Tribe
Minmatar Republic
#15 - 2014-03-16 22:37:37 UTC
Luminous and his communist economics.
Gogela
Epic Ganking Time
CODE.
#16 - 2014-03-16 22:53:29 UTC  |  Edited by: Gogela
Damn. Another one of these threads? Look, PLEX manipulation happens, but it's rare and people usually lose their a** getting involved. It's like being a small investor in the RL stock markets. You are gambling if you play. Even the most powerful economic entities in game can only manipulate the market for a short time before they risk a tremendous loss. When prices are reasonable, buy a few extra. Use those when manipulation is afoot. It won't last long, I promise. The price of PLEX is too high and the volume traded too large for manipulative forces to overpower natural market forces for long. The longer it lasts the bigger the crash will be on the back-end. Just a word to the wise...

EDIT: Two more points for your consideration -

  • PLEX as a commodity has stopped keeping pace with the normal inflation of the new eden market. In real terms (adjusted for inflation), prices are falling.
  • PLEX is not "new" to the game. I would bet good ISK there are a few entities that got burned badly on a manipulation attempt, and couldn't swallow their pride and are thus sitting on a big pile of PLEX waiting for someone else to make the same mistake. The newcomer will thereby incur the loss of the former entity.

Signatures should be used responsibly...

LUMINOUS SPIRIT
Caldari Provisions
Caldari State
#17 - 2014-03-16 23:30:36 UTC
Alec Freeman wrote:
Luminous and his communist economics.


Lol Alec.
LUMINOUS SPIRIT
Caldari Provisions
Caldari State
#18 - 2014-03-16 23:35:00 UTC
PinkPanter wrote:
OP bought too many plexes and now it's stuck so tries to unload it.
Old.

1/10 for being a noob.


Nope. My pile averages 636. I make profit either way although current situation suits me just fine..

Someone else bought out the rest of it over the last two days. Theres usually hundreds of plex at range of 650 - 675. And now when i counted, i saw only 52 plex for sale between 657 and 700. almost all of it single-item sales. All the big piles, sales of 20-50 per order, are sold out.

Maybe someone threw some on the market in the last few hours, but its still way below normal to have a hundred or less plex in the 650 - 700 range. This stuff is moved by the 1000's every day.
LUMINOUS SPIRIT
Caldari Provisions
Caldari State
#19 - 2014-03-16 23:50:47 UTC
oops im an idiot - had market sorted by quantity not price. my bad.
Alec Freeman
Sebiestor Tribe
Minmatar Republic
#20 - 2014-03-16 23:59:21 UTC
LUMINOUS SPIRIT wrote:
oops im an idiot - had market sorted by quantity not price. my bad.


This was Stalins 5 year plan. True story.
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