The fax from *BLEEP* (yeah, I know, no company names in the forum, so I didn't even try):
"so my daily 60 k wool Q2 are sold out for the contest. hold the price above and dont sell for 20 or 30
Thoughts about the lack of historical data and price cartels
Moderator: moderators
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Guest
Re: Thoughts about the lack of historical data and price car
Well that's the drum I keep beating, but quietly since I know it's not an insignificant request.Widgetry wrote:It would be really nice to have historical data from market: who are the buyers of contest products, how much they spend at one time, do they have a certain cap at which they stop buying and so forth. Opportunity to analyze that data would be another interesting way to approach the pricing issue. Since we don't have any of that information, we can only drop the price, since that's the only way to decrease the uncertainty.
What gets me about what you see on the market is not the guy who undercuts the market from 90 to 89. It's the one who cuts 90 to 80, followed by two more at 75 and 70. What a solid way to shoot yourself in the foot.
That said, oversupply will always push the price down as you know. If the contest competitors have, say, 1
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Guest
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Guest
Re: Thoughts about the lack of historical data and price car
This looks very much like the wish to display names and prices they pay for contest products.Widgetry wrote: It would be really nice to have historical data from market: who are the buyers of contest products, how much they spend at one time, do they have a certain cap at which they stop buying and so forth.
But if you want to win a contest you don
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Guest
If ever prices were published for any contest goods i would STOP being into contests i think its up to each player to pay what he/she thinks is a FAIR price for goods as it is the moment a contest is announced the first items placed on the market are from ""well known"" companies who are trying to make a killing like wool at 2000 caps 
how sad does that make them look these contests are supposed to help everyone from the new player to the major companies, but if you show what prices are being paid the spirit of this game will be lost forever.
how sad does that make them look these contests are supposed to help everyone from the new player to the major companies, but if you show what prices are being paid the spirit of this game will be lost forever.-
Guest
Ah, I see what you see. I read that as noting the transactions. I agree there's no value in listing the names. But that's not an integral part of the idea. Using just Contest wool for an example since that's what you guys are focusing on, what if it was possible to get a list of transactions like this:This looks very much like the wish to display names and prices they pay for contest products.
4/28 18:40 1000 wool q2 54.00
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Guest
If yur online each day you would see the market trends why would you want to be able to look at transactions over the last few days????? what would that afford you???? if when you place your goods on the market then you have 2 choices place at lowest price to sell quick or place at high price in the hope that contest entrants will ""buyup"" the goods however if you look at the last contest for cotton you will see that there is still a load of cotton on there at prices which will never sell at when the contest finished, as i said in my last post like real market trading you can try and read the market and make a killing or you can just sell at what the contest entrants want to pay ...........................
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Guest
Real markets record and publish transaction times, prices, and volume regularly. I won't even begin to go into the myriad of ways it's used there.as i said in my last post like real market trading you can try and read the market and make a killing or you can just sell at what the contest entrants want to pay
As I listed once before, data like that lets you answer questions like:
- Are Coal prices cheaper in the morning or in the evening?
- Are Potatoes getting more expensive over time?
- How many Bananas are sold on the market each day? Is it dead?
With all due respect, I think you guys are obsessing over contest products where, lets be honest, most of the product is produced by the player himself or bought via contract.
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Guest
Im sorry but thats where you are wrong prob 50% of the contest goods are purchesed from the market, players do use contracts but when prices fall the buyers dont take contracts that are over priced when they rise the sellers stop the contracts and revert back to the open market this is just the same as "real world" trading unless your into "futures" market which i wont go into here however to know what the price of coal is at 9.00 and at 21.00 wont help because if everyone then sells at the times where prices are high buyers will wait for someone to undercut the prices within a day or so the high priced time will be low and the low priced time will be high. Everyone wants to make as much as possible but they also want a quick sale these two dont go together they never have and never will.Knolls wrote:Real markets record and publish transaction times, prices, and volume regularly. I won't even begin to go into the myriad of ways it's used there.as i said in my last post like real market trading you can try and read the market and make a killing or you can just sell at what the contest entrants want to pay
As I listed once before, data like that lets you answer questions like:And plenty more.
- Are Coal prices cheaper in the morning or in the evening?
- Are Potatoes getting more expensive over time?
- How many Bananas are sold on the market each day? Is it dead?
With all due respect, I think you guys are obsessing over contest products where, lets be honest, most of the product is produced by the player himself or bought via contract.