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Can the experienced market guys explain this one to me?
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Alyana
#1 - 2015-12-22 04:27:23 UTC  |  Edited by: Alyana
Market "PvP"

The link above shows a T3 subsystem that moves roughly 5 units a day (a span of anywhere from 1-20 units per day seem to be a normal range over the last few months). The price has held steady for a while at ~54-55M. Then today, seconds apart, 2 order get posted, 3 stacks each, one at 52M and one at 50M. Margins compared to the buy orders are still acceptable (to me doesn't seem really worth margining someone out if the volume is already so low that not much ISK is made regardless). Of course all sell orders are now competing to undercut even further.

The other subsystems do not seem to have the same thing happening to them, or I would guess maybe they were trying to fit up quite a few ships and wanted to save some ISK.

Other than "watching the world burn" attitude, can the market gurus explain the point of this?

Thanks o7

Edit: Looks like he or someone else did a really low undercut to 46M now, which makes the margins very low for the volume we are talking about. Also, at least 2-3 other subsystems have had a similar treatment now.
Zad Murrard
Frozen Dawn Inc
Frozen Dawn Alliance
#2 - 2015-12-22 07:16:07 UTC
Your link did not show enough information as the number of orders in total and their ask price matters.

Few reasons something like this could happen:

- Having for some unknown reasons few T3 subsystems and just wanting to sell those items. Thus medium undercutting is ok.
- Deliberate attempt to temporarily drop the price, this could be eg for. fitting purposes or wanting to buy all off when they are near the max buy to sell them again.
- Being tired of 0.01isk game and hoping that I can sell those and people would not follow.
- Some new (or dormant) manufacturer entered the play and wants to take over the market share by being very aggressive with the pricing. (most likely explanation)
Teckos Pech
Hogyoku
Goonswarm Federation
#3 - 2015-12-22 07:56:00 UTC
Zad Murrard wrote:

- Some new (or dormant) manufacturer entered the play and wants to take over the market share by being very aggressive with the pricing. (most likely explanation)


Trying to take over a market Eve is not very easy, especially one where people can get in and out of with some ease.

Typically you'll see people trying to price others out of a market if they know entry is not that easy (i.e. sizable sunk costs).

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online
Cista2
EVE Museum
#4 - 2015-12-22 08:50:17 UTC
Yes, market things happened.

Check out the two other threads from the past month titled something with "weird behaviour".

My channel: "Signatures" -
Caleb Ayrania
TarNec
Invisible Exchequer
#5 - 2015-12-22 11:03:03 UTC
Your link did not show sellers and buyers properly..

Obvious guess is ofc margin trading.. Its fine selling low if the margin and ease of getting the best buy order supplied is there..

Selling 5 units at a "low price" and then buying new stock back at even lower price.. result PROFIT!