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The Market Story Thread

Author
Careby
#1 - 2015-08-21 14:33:07 UTC
Please post interesting tales of market mastery, financial foibles, portentous predictions, or overlooked opportunities.

Did you notice something interesting in the market? Did your carefully planned scheme backfire? Did you win EVE?

Your Market Discussions community wants to hear about it.

Johnathan Coffey
Niforce Triggers
#2 - 2015-08-25 14:06:12 UTC
I sold a battleship BPO for 2 million instead of 2 billion. The end. Sad

First rule of EVE UI: right click EVERYTHING.

flakeys
Doomheim
#3 - 2015-08-25 20:50:54 UTC
Johnathan Coffey wrote:
I sold a battleship BPO for 2 million instead of 2 billion. The end. Sad



I did the same , just did it a tad ''better'' selling 10 capital bpo's on contract for the price of bpc's Roll.

We are all born ignorant, but one must work hard to remain stupid.

Dethmourne Silvermane
Silvermane Holdings LTD
#4 - 2015-08-25 21:59:05 UTC
The other day I got mad because I successfully sold a Mastadon for 160k.

Not nearly as annoying as when, LESS THAN FIVE MINUTES LATER, I sold another transport ship (whatever the Amarr one is) for like 90k ISK.

Interested Party (TM)

Plleasure Hub
Municorn
#5 - 2015-08-26 01:42:48 UTC
I was updating my market orders earlier when I saw that some jerk undercut me by over 30% on a backup item (low IPH, decent ROI). Aghast at his insensitivity to my needs for exorbitant profits, I price-checked his sell listing against Jita orders. This dolt was selling for 10% below the highest buy order in Jita. Needless to say, I snatched up every unit my current balance allowed, zipped over to Jita in my blockade runner, and sold his items for an easy 50 million ISK profit.

It wasn't much in terms of sheer profits or isk per hour, but the satisfaction of seeing my own sell order retake the lowest listing with no change in price was more than worth it.

Sadly, someone else had the same idea or he noticed what I did, because the remaining units were gone from the market as soon as I returned from Jita. I could have made a few hundred million more, but oh well.

Folks, don't undercut so much that you are you below Jita buy orders. This guy could have had the items shipped via courier and easily made at least 150-200 million ISK in additional profits. You can check prices in other regions at any time via Eve-Central.com.

"There's no meaningful difference between a real and a virtual world. It's pointless to ask anyone who they really are. All you can do is accept and believe in them, because whoever they are in your mind, is their true identity." — Kazuto Kirigaya

Star Killer14
Core World Imperium
#6 - 2015-08-26 01:47:45 UTC
I made a killing, for me, the last week on tengus. Last night sold almost 30 for 90m above what I consider a stable price for them. You have to love it when null groups decide to make new doctrines and buy all the trade hubs out. It would appear though that they are coming down to more stable levels, below 200m, but maybe someone else needs more of them.
Sabriz Adoudel
Move along there is nothing here
#7 - 2015-08-26 02:39:25 UTC
My alliance uses a lot of tech 2 blasters, of the order of a million Light Neutron Blaster II per year. So it's a pain in the rear when those get expensive.

A while ago I set out to drop the price on them. I looked at what the production bottlenecks were - and saw that a big component of the cost was Robotics, a PI component. Could I make the price of those fall, I wondered?

Knowing nothing about PI, I asked a few questions and discovered that Robotics could easily be made by new players, and the newbs would make (for them) a lot of ISK out of it. So I paid someone 250m ISK to write a guide on PI aimed at brand new players, which is here: https://forums.eveonline.com/default.aspx?g=posts&t=415269

It worked - within a few weeks, the price of Robotics was down 15% as more newbies got into PI and started flooding the market.


As for derps - the worst market misclick I've had was pretty minor, selling 5 Ishkurs to a 'factor of ten' trap buy order, for 2.4 million ISK each when fair price was 22m. Oops. I sent the buyer a "good fight" evemail out of grudging respect.

I support the New Order and CODE. alliance. www.minerbumping.com

Careby
#8 - 2015-08-26 02:57:48 UTC
Sabriz Adoudel wrote:
...So I paid someone 250m ISK to write a guide on PI aimed at brand new players, which is here: https://forums.eveonline.com/default.aspx?g=posts&t=415269

It worked...


My hat is off to you.

Dethmourne Silvermane
Silvermane Holdings LTD
#9 - 2015-08-26 16:08:46 UTC
Plleasure Hub wrote:
I was updating my market orders earlier when I saw that some jerk undercut me by over 30% on a backup item (low IPH, decent ROI). Aghast at his insensitivity to my needs for exorbitant profits, I price-checked his sell listing against Jita orders. This dolt was selling for 10% below the highest buy order in Jita. Needless to say, I snatched up every unit my current balance allowed, zipped over to Jita in my blockade runner, and sold his items for an easy 50 million ISK profit.

It wasn't much in terms of sheer profits or isk per hour, but the satisfaction of seeing my own sell order retake the lowest listing with no change in price was more than worth it.

Sadly, someone else had the same idea or he noticed what I did, because the remaining units were gone from the market as soon as I returned from Jita. I could have made a few hundred million more, but oh well.

Folks, don't undercut so much that you are you below Jita buy orders. This guy could have had the items shipped via courier and easily made at least 150-200 million ISK in additional profits. You can check prices in other regions at any time via Eve-Central.com.


Frankly, I generally employ market strategies that purposefully leave my items lower than the relevant market hub's buy orders, to encourage people to buy my product.

Interested Party (TM)

Alt Pilot1
Native Freshfood
Minmatar Republic
#10 - 2015-08-26 16:59:40 UTC
Careby wrote:
Please post interesting tales of market mastery, financial foibles, portentous predictions, or overlooked opportunities.

Did you notice something interesting in the market? Did your carefully planned scheme backfire? Did you win EVE?

Your Market Discussions community wants to hear about it.



My most recent one:

http://i.imgur.com/tlouMMh.jpg

Zydrine was purchased between 400 - 600 isk per unit and Megacyte between 700 - 1000 isk per unit
Sheeth Athonille
TerraTroopers
Get Off My Lawn
#11 - 2015-08-27 02:06:38 UTC
Dethmourne Silvermane wrote:
Plleasure Hub wrote:
I was updating my market orders earlier when I saw that some jerk undercut me by over 30% on a backup item (low IPH, decent ROI). Aghast at his insensitivity to my needs for exorbitant profits, I price-checked his sell listing against Jita orders. This dolt was selling for 10% below the highest buy order in Jita. Needless to say, I snatched up every unit my current balance allowed, zipped over to Jita in my blockade runner, and sold his items for an easy 50 million ISK profit.

It wasn't much in terms of sheer profits or isk per hour, but the satisfaction of seeing my own sell order retake the lowest listing with no change in price was more than worth it.

Sadly, someone else had the same idea or he noticed what I did, because the remaining units were gone from the market as soon as I returned from Jita. I could have made a few hundred million more, but oh well.

Folks, don't undercut so much that you are you below Jita buy orders. This guy could have had the items shipped via courier and easily made at least 150-200 million ISK in additional profits. You can check prices in other regions at any time via Eve-Central.com.


Frankly, I generally employ market strategies that purposefully leave my items lower than the relevant market hub's buy orders, to encourage people to buy my product.


Umm how much under are we talking? I may be interested in purchasing a lot of your stuff of you. I have no problem moving things for more profit if you don't want to Big smile
Sabriz Adoudel
Move along there is nothing here
#12 - 2015-08-27 05:43:15 UTC
Another one from a market I have now exited.

When the null mining changes were announced, I missed the boat on Zydrine/Megacyte. I wasn't able to log in for the 12 hours before the market reacted, and so couldn't get in at the ground floor.

But I noticed the changes affected Morphite as well, in a very roundabout way. Pre-change, mining morphite was a chore done in order to 'finish' an anomaly, and as a result a lot of Morphite was produced as an unwanted byproduct of more profitable mining operations. Morphite thus paid a lower ISK/hr rate than other ores in null.

But with the changes, the incentive to do this was gone, and most mining of morphite is now done by people that intentionally set out to mine morphite. Considering this, I expected morphite to hit 11000 ISK - the level needed for morphite mining in a Procurer to be on-par with ABC mining in a Retriever.

As such, I assessed that morphite had room to rise a lot in price. I bought a little under a million units at 6600 ISK. I wish I'd bought more, but I wasn't *quite* certain enough of my read on the supply dynamics to borrow the money needed to buy more.

I sold some of that morphite at 10k but most at 12.4k. (Some was used for production, but I consider that to be sold to my production efforts at the then-present market price).

I support the New Order and CODE. alliance. www.minerbumping.com

Charlinda Akheteru
Akheteru Integrated Astrometrics
#13 - 2015-08-27 14:32:50 UTC
I'm a new face here in MD, and was pleasantly surprised by my ability to quickly fill a 5b Bond. I got a head start last night on procuring some materials and expanding infrastructure by capitalizing on an opportunity presented by my alliance taking another moon which I was able to get for free because :brofist:. I'm on schedule to begin ramping up my operation tonight, rather than waiting until next Tuesday as was planned... so, thanks, MD!

Now, this isn't 100% on topic, as it is not known yet whether this will be a great success or an embarassing kick in the teeth on my first public adventure, but I think it'll be fun keeping the community posted as best I can, keeping #OPSEC in mind.
Careby
#14 - 2015-08-27 15:17:55 UTC
Charlinda Akheteru wrote:
...Now, this isn't 100% on topic, as it is not known yet whether this will be a great success or an embarassing kick in the teeth on my first public adventure, but I think it'll be fun keeping the community posted as best I can, keeping #OPSEC in mind.


It's on topic - win or lose. I just think it's interesting for people to know that marketeers are actually doing stuff. (Stuff less boring than the standings grinding I've been doing for the past two days.)


Elizabeth Norn
Nornir Research
Nornir Empire
#15 - 2015-08-27 20:35:17 UTC
I'm not sure what kind of stories would be interesting, but here's a funny exchange I just had.

http://i.imgur.com/xzofGnu.png
Dethmourne Silvermane
Silvermane Holdings LTD
#16 - 2015-08-27 22:06:35 UTC
Sheeth Athonille wrote:
Dethmourne Silvermane wrote:
Plleasure Hub wrote:
I was updating my market orders earlier when I saw that some jerk undercut me by over 30% on a backup item (low IPH, decent ROI). Aghast at his insensitivity to my needs for exorbitant profits, I price-checked his sell listing against Jita orders. This dolt was selling for 10% below the highest buy order in Jita. Needless to say, I snatched up every unit my current balance allowed, zipped over to Jita in my blockade runner, and sold his items for an easy 50 million ISK profit.

It wasn't much in terms of sheer profits or isk per hour, but the satisfaction of seeing my own sell order retake the lowest listing with no change in price was more than worth it.

Sadly, someone else had the same idea or he noticed what I did, because the remaining units were gone from the market as soon as I returned from Jita. I could have made a few hundred million more, but oh well.

Folks, don't undercut so much that you are you below Jita buy orders. This guy could have had the items shipped via courier and easily made at least 150-200 million ISK in additional profits. You can check prices in other regions at any time via Eve-Central.com.


Frankly, I generally employ market strategies that purposefully leave my items lower than the relevant market hub's buy orders, to encourage people to buy my product.


Umm how much under are we talking? I may be interested in purchasing a lot of your stuff of you. I have no problem moving things for more profit if you don't want to Big smile


It varies, but we're talkinga bout probably (generally) making something like less than 1m per item, on items spread across a region, usually no more than 10 items (in 1-2 qty ea stacks) in any given station.

Interested Party (TM)

Lord Amaterasu
Aves Autem Obumbratio
#17 - 2015-08-28 03:19:06 UTC
Well there was this one time when I had bought a hulk bpc. Well 9 months later I had forgotten it and was going through my old contracts and saw this nice 1m hulk bpo contract. For the next 5 hours I went through all of my assets searching for this bpo. In the end I was crying in fetal position while writing petition for logs on my account (I wasn't thinking clearly back then). Well ccp was nice enough to tell me "htfu, it's only a feature.". So there I was relieved that I hadn't lost hulk bpo.

Long live the Empress Catiz of Amarr!!

Sabriz Adoudel
Move along there is nothing here
#18 - 2015-08-28 07:11:20 UTC
Dethmourne Silvermane wrote:


Frankly, I generally employ market strategies that purposefully leave my items lower than the relevant market hub's buy orders, to encourage people to buy my product.



I do this often if and only if my goal is to lower prices in the hub for a buyup.

If Light Neutron Blaster IIs get to 440000.00 on buy orders in a hub, I might well post a few at 440000.01 across the region in bad locations, and put up a massive buy order at the same price in the hub station. Goal is people see 'ooh, cheapest order in the region is 440000.01 and there's ten different orders, better 0.01 ISK them all'.

Doesn't work well on modules. Does work well with other goods.

Sometimes I'll price my stuff lower again - that just means I'm lazy or out of contract slots, and I want someone to buy it from me and haul it to the hub for me.

I support the New Order and CODE. alliance. www.minerbumping.com

Plleasure Hub
Municorn
#19 - 2015-08-28 21:29:19 UTC
Sabriz Adoudel wrote:
If Light Neutron Blaster IIs get to 440000.00 on buy orders in a hub, I might well post a few at 440000.01 across the region in bad locations, and put up a massive buy order at the same price in the hub station. Goal is people see 'ooh, cheapest order in the region is 440000.01 and there's ten different orders, better 0.01 ISK them all'.

Could you use a similar strategy in an attempt to raise prices?

"There's no meaningful difference between a real and a virtual world. It's pointless to ask anyone who they really are. All you can do is accept and believe in them, because whoever they are in your mind, is their true identity." — Kazuto Kirigaya

Gilbaron
The Scope
Gallente Federation
#20 - 2015-08-28 23:21:00 UTC
i once bought a JF for 6.8b and resold it for 7.6b 8 hours later :)

made much more on other deals, but this is one of my favorites
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