Trying to corner the market
26th February 2009 – 3.35 pmA capsuleer bought almost my entire stock of missiles that I had placed on the market, spending several million ISK to do so. Shortly afterwards, a huge cache of the same missiles was placed on the market in the same station but with a significant price increase.
I could kick myself for not listing the goods at that higher price to start with and raking in the profit, but it is just fine with me. I had already found the price in that station was a local maximum that allowed me to mark up my price 10% above the competition even a single jump away, which was on top of the profit I was going to make over the production costs anyway. That this capsuleer bought all my missiles simply means I sold everything for a good profit.
Best of luck to this entrepreneur, hoping to sell his new stock at a further 10% above the market value—and a fair few have sold already—but inflating the market is a risky endeavour as he is also making the goods a more lucrative prospect. Another industrialist can come along and undercut that inflated price to make his stock essentially worthless whilst still making a decent profit, another industrialist like me.
I have some more missiles coming off the production line soon and it looks like I will be quick enough to take advantage of the high prices, netting me a good profit. Either the entrepreneur will buy the missiles to increase the value of his stock or capsuleers will buy the cheaper goods. The same result follows, my stock sells.