Guild Wars 2

Looking at the sell orders for decent gold weapon:

3 players list 2 at 13.34
3 players list 5 at 13.35
1 player list 1 at 13.40
1 player list 1 at 13.49
1 player list 34 at 13.50
2 players list 4 at 16.60
3 players list 3 at 16.65
et

a 3s undercut for over 25% of the value. Unless he’s encouraging people to buy these and try to rip them for ectos or wants someone to buy them to speculate on, why would someone think that the market would move his items that much faster if he undercut 3s?

(Buy orders are at about 9s if it matters)

He might be gambling, expecting to get undercut, and planning to buy everything undercutting him before cancelling his sale, and reposting it all at “regular” price for profit. Or he was hoping to sell quick to flippers, while still fetching a significantly better price than buy offers.

9s to 13.5s is a 27.5% profit.

And who knows how many he had up there when he undercut? He could have sold quite a few very quickly before people started undercutting him further.

Bottom line – deal with it. He’s perfectly within his rights to do this. He’s still making a profit if he is flipping the item, he’s just willing to take a smaller profit than the people selling at a higher price.

Yeah, I don’t see why the only options the OP gave were bot or moron. It could just as easily be someone who didn’t think the thing would sell for 85% more than the highest buy order, so decided to reduce it to only 50% more than the highest buy order. Which is much more likely to sell quickly while still offering a nice opportunity for profit if others are willing to sell to the highest buy order.

Looking at the quantity listed, maybe he’s priced them lower in order to sell them more quickly… He makes a halfway decent profit and frees up capital for further investment.

I’ve watched this market all day now. It isn’t liquid enough to move his stuff “quickly” even if he undercut that much, so why do it?

His thinking that it would move quick would only apply if A. he’s goofed into thinking a speculator would buy him out of his stock at that price, or B. someone wants to try to buy all this and rip it.

This makes me glad I didn’t try to buy him out to push the price back up.

“free up capital to redeploy” = “I screwed up and need to cut my losses”

Why do you guys believe in arbitrary profit points? I was making 9s a pop flipping a certain armor piece last night that normally only nets me 3s a turn. Why should I limit myself to 3-4 silver when I can get 9?

The point is that not everyone is trying to maximize profit exactly the same way as you. And even if it’s not selling quickly at 13s, it’d still sell more quickly at that price than at 16s.

NoOneShotU.3479:

Why should I limit myself to 3-4 silver when I can get 9?

You shouldn’t, you should sell for whatever price you want to.

And you should allow other people to do the same.

When I first started flipping, I -had- to start small with small turn overs to build up a bank account I could actually work with. I’m no major player by any means but sometimes slow and steady isn’t a bad way to go about it and maybe the ONLY way someone can start out without sinking RL cash into Gems for fake cash in game…which just seems silly to me if one uses a -lot- of RL funds.

mrsrachelm.7618:

When I first started flipping, I -had- to start small with small turn overs to build up a bank account I could actually work with. I’m no major player by any means but sometimes slow and steady isn’t a bad way to go about it and maybe the ONLY way someone can start out without sinking RL cash into Gems for fake cash in game…which just seems silly to me if one uses a -lot- of RL funds.

I started the same way… I’m still not a major player by any means, but I now feel a lot more comfortable taking a few risks here and there to get increased profits. In general though, I’m still more likely to go for the quick sale and smaller profit just to minimise the risk of making a loss due to unforeseen market movements.

Actually, it looks to me like the person listing at 13.5 SP didn’t cut his price enough, as several others have undercut him still further.

Flipping things with a 9 SP margin is great, till someone comes along and is willing to take a 7 SP margin, and someone else comes along and is willing to take a 5 SP margin. You risk getting stuck with a bunch of inventory you may not be able to move now. I’ve seen prices on armor pieces wander around a lot, but they tend to revert to certain levels.

MrGorkajuice.8391:

He might be gambling, expecting to get undercut, and planning to buy everything undercutting him before cancelling his sale, and reposting it all at “regular” price for profit.

This!

This is typical behavor of a reseller. I know, I did it for years in SWG, lol.

A secondary reason may be that this person thinks there are other resellers for this item. And is hoping they buy him out.

Ah, reseller against reseller war… some good memories there for me!!

If your theory is true that he’s trying to deflate the price, or encourage people to hit his buy order then he invested almost 30s to do this? If his goal was to get people to hit a 9s buy then he put this order in way too high.

Assuming 16.6 is the “real” market and he’s paying 2.5s in transaction fees to sell his real items, that leaves him a buy price at 14.1 or 50c per item he buys at 13.5.

No obviously the lower this goes before he buys them all the better he is, but for that to happen this market must be pretty thin. If the market is thin it’s going to be hard for him to buy and sell 50-60 of these items to make up his investment in the 35 he’s using to lock in prices.

I have a market like this I trade in pretty regularly and someone did this to me with a 20 stack. I bought them all and everything under it making a tidy profit in the hour or so I was out carving pumpkins last night.

Furthermore trying to manipulate an equipment market seems more annoying than most due to how much bag space this takes up.

NoOneShotU.3479:

Looking at the sell orders for decent gold weapon:

3 players list 2 at 13.34
3 players list 5 at 13.35
1 player list 1 at 13.40
1 player list 1 at 13.49
1 player list 34 at 13.50
2 players list 4 at 16.60
3 players list 3 at 16.65
et

a 3s undercut for over 25% of the value. Unless he’s encouraging people to buy these and try to rip them for ectos or wants someone to buy them to speculate on, why would someone think that the market would move his items that much faster if he undercut 3s?

(Buy orders are at about 9s if it matters)

Two possibilities.
1) He had a large quantity he wanted to move long term (without babysitting his stock) and calculated the likely selling price based on long term trends.
2) He is setting a minimum buy price ceiling.

In either case I doubt he is a moron. Some people have the inventory and gold to stay in the market long term while small bit players flip here and there and QQ when their latest gamble fails.

Maybe people aren’t as concerned about making a profit as buying cheep stuff to throw in the mystic forge. The lotto machine is a complete scourge on this game.

I’ve already outlined how this isn’t really profitable unless I am completely underestimating the number of people who would sell into a buy order at a loss.

I was checking my stuff this morning and found a stack of 5 shoulders that didn’t sell. over the last few days. I don’t know if I crafted them or bought them, but it doesn’t really matter. I’m listed up at about the 16 range and its the usual drill, some guy comes in and does his 35 at 13.10 or something like that.

He gets a couple undercutters and then someone else comes in and puts 50 at 12.10. Unless its the same guy, joke’s on him. I guess they could now buy cheaper, but its first come first serve.

Buy orders are up to about 10.50 right now but they are all onesee twosee. I don’t see any large orders in the stack.