Market Discussions

15m isk loss, game over man, GAME OVER

If 150m is a small amount to you, sell them in a hub for the 135m and take the loss.

If 150m is a lot to you, take one third of them to each of three mission hubs and sell them there for 150-165m.


What you need to learn here is that, when an item is temporarily above its long-term average price, you need to know why it went up before buying. I remember that Ogre II spike - it's when I sold out of the market completely because I knew there had been minimal changes to underlying supply costs, and so I knew it was a short term spike.

Surprisingly, the Garde II spike lasted much longer.


Edit: FYI, build cost on Ogre IIs is around 450k/unit IIRC, may be a little lower, including all ancillary costs (invention, etc).

Yeah I think I've been caught by that trap a few times, though this is the only one where I've actually had a loss. I'll need to keep a closer eye out for it in the future

I actually do buy bulk amounts of low-ish margin items often. I just make sure I understand how the item is produced, how it is consumed, and keep an eye on anything that I think might impact one or both of those factors.

I still make the odd mistake, but usually they are limited to buying stock for a billion and reselling it for 1.01b (wasting time), rather than having to resell at 850m (wasting time and capital).

I don't pick up enormous amounts of stock, and it's usually things that I know I can certainly sell at cost. (Unless I'm seeing the purchase as market speculation, not trading).

For instance, every time Light Neutron Blaster IIs get under about 720k, I post enormous buy orders. If I can't sell them on sell orders, I know I can always sell them off at cost to other gankers (forgoing profit for the intangible rewards of public service).

Always always, if you need the ISK for something else just get rid and re-invest the ISK. I sometimes will hang on to stacks - but that's only because I'm not needing the ISK for another project.

Selling bulk contracts is usually a losing proposition unless you are selling to the end user.

A public contract for Light Neutron Blaster IIs will usually only go for 98-99% of buy order price (i.e. buy order, minus the new owner's taxes) and then you pay 1% in public item exchange contract taxes on top of that. But CODE. alliance or one of their FCs might buy your stock at 103% of buy order price as they are major end users.

Similarly, bulk Interdictors aren't going to sell at good prices in a highsec hub, but get in contact with an alliance logistician, and they may want to buy your 500 hulls.

Ogre II end users are very disparate individuals, which is one of the reasons I have never bought more than a few hundred at a time.

They are used and lost by mission runners, a minority of empire suicide gankers, low/null complex runners, and solo/small gang PVPers. None of these groups are particularly organised (except the gankers but it is a minority of us that use Vexors and hence Ogres).

So yeah, I'd just post them in a trade hub or a mission hub, and dump to sell orders if the ISK must be freed up now. (You can try manipulating sell orders up before dumping on them - if the current spread were 710k-780k, I'd place an order to buy 20 at 735k in a lowsec system in the same region, then post a buy order at 735000.01 in the hub, hoping someone comes along and 0.01 ISKs the single buy order before it is filled, then you dump stock on them and cancel the lowsec buy order).