These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
 

Need some understanding on where I went wrong
Author
Previous Topic Next Topic
Dinsdale Pirannha
Pirannha Corp
#1 - 2011-11-30 00:18:46 UTC
I, like many others, foresaw a PI apocalypse with the Crucible changes.
However, I guessed on increased prices based on low sec PI being wiped out for small corps with the POCO stuff. I think many others based their speculation on the PI tax rate changes.

I invested lightly in PI based POS fuel, mainly as a hedge, and that looks smart now.
But I did make a big splash in construction blocks. I made a sizable investment in them, and it appears I was very wrong in that area.

While PI based POS fuel is skyrocketing, construction blocks are dropping.

Can someone explain where I went wrong?
Infected Cure
Kybernauts
Kybernauts Clade
#2 - 2011-11-30 00:22:07 UTC
You zigged, when you should have zagged.
EvilCheez
Garoun Investment Bank
Gallente Federation
#3 - 2011-11-30 00:51:09 UTC
IIRC construction blocks spiked more than others initially, so more people have already tooled up to make them. As other mats will be paying more now people will be switching over. Construction Blocks are also used in T2 manufacture.

Also they were an item that were stockpiled so some people may be liquidating in order to buy the hot items now.
Callduron
Dreddit
Test Alliance Please Ignore
#4 - 2011-11-30 13:39:26 UTC
Hold on to your stock.

Cash in when the price normalises. All PI stuff should see higher prices in the medium term.

I write http://stabbedup.blogspot.co.uk/

I post on reddit as /u/callduron.
Scoto Timta
The Scope
Gallente Federation
#5 - 2011-11-30 19:06:23 UTC
I'm going to guess that with the huge increase in import costs, a lot of factory planets have been idled. Thus, the components used to build useful things will experience a short-term drop in price due to reduced demand.
Longer-term, once the market settles, and as POCO's get built, the factory planets will go back into business. Demand will rebound to some level and prices of the input components like your blocks will rebound as well.
Borkers
Center for Advanced Studies
Gallente Federation
#6 - 2011-11-30 21:11:13 UTC
Yeah, some goods always run up disproportionately before a patch and then the actual change, and late-coming speculators, aren't enough to sustain the increase. I overindulged in Oxygen and Water, but I was lucky to mostly pay prices which were already low and would have been profitable even without Crucible. I'm still gonna clean up, it just won't be the multi-billion ISK haul I'd hoped for.

I suspect the long-term change will have as much to do with volatility as it does with actual price, now that Customs Offices are destructible and tax rates are variable. So "stabilized" won't be quite as stable as we remember.
Tidurious
Blatant Alt Corp
#7 - 2011-11-30 21:14:00 UTC
I had a similar experience to Borkers, while many PI items went up, currently Self-Harmonizing power cores went down and although I made over 15%, they brought potential profit down a lot.
EvilCheez
Garoun Investment Bank
Gallente Federation
#8 - 2011-12-01 21:17:48 UTC
I helped out on the construction blocks a bit......lets see how many stockpilers were this patient
Wyke Mossari
Staner Industries
#9 - 2011-12-01 21:37:02 UTC

It is likely that peoples will be trying out the new Battle Cruisers in preference to T2 ships, unless these turn out to FOTM demand will return and normal service resumed shortly.
Tiregn
Anvil Capital Trading
#10 - 2011-12-02 00:12:37 UTC
Yeah I mainly invested in PI fuels, as I knew this was a certainty. Figured it was better to invest all into a known quantity than risk it.

How high do we think the PI prices are gonna go before they stabilize?