Market Correction, Fluke or Collapse?


Adeon Hawkwood

 

Posted

Werner: It's been my experience that when a price does head south, it does not do so smoothly.

People tend to prop up their buy/sell points until they realize there's a real problem and they've accumulated stuff instead of money.

Then they get out, and abandon their buy point. Sometimes they leave their sell points up for a while.

Next time you see some common salvage with, like, 3K for sale and 150 bids, buy up a bunch of them and store around a hundred. You will probably find a huge gap where prices go from "under ten thousand" to "over fifty thousand." Someone tried to set a high price and support it, and it didn't work. Put the hundred salvage back at a variety of prices from 1 to 10K or so. Or don't and let the market go insane.


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