selling off market? now?


Another_Fan

 

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Originally Posted by graystar_blaster View Post
If somebody offered to sell you that 1.5b item for 100 million off-market, would you make that trade? Would it be unethical or "not nice" to do so? And if not, why is it OK to buy something below the going rate but not OK to sell something above it, as long as both parties agree on the price?

Try that with a car, milk, butter, a house, electricity, natural gas, propane, gold, silver, platinum, oil, the list oges on and on. Why cause you cant. Its unetical and illegal.
First, could you please learn to use the multi-quote function? Or at least put quote tags around stuff when you copy it into your message?

Second, are you telling me it's illegal for me to sell my car below market value? Because you'd be wrong. Also, you didn't answer the question. Would it or would it not be OK in-game to buy something below market value if someone offered you a better price?
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Here is something you request its just one of many examples. Happy now?
That's an off-market sale at (what he thought was) the going rate, which he adjusted when he found out it wasn't. It's not above the inf cap, either. Note also that Justaris hasn't sold it yet, as of his last post in that thread. So again, you have yet to prove that this is actually happening to anyone anywhere, which kinda renders your whole point moot.


 

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Originally Posted by Hyperstrike View Post
So if you buy a car for $50,000 from a dealer and later find out that another dealer was selling the same car for $28,000 due to a tax rebate, are you entitled to the $22,000 back? Did that first dealer rip you off?

No. You made the decision to buy at a certain price point. If you didn't have all the facts, there's nobody to blame but you.
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Wow Yes in fact you are depending on the date of purchase. What country do you live in. If a gallon of gas is 3.50 and you pay 7 there is a crime. If milk in the state of vermont is 3$ and you pay 6 a crime was commited. If you pay 300$ for a barrel of oil and the rate is 150$ yes you are intitled to sue for recompensation.

Yes thats exactly what i am saying!!!!!!!!

Not 28k for a car worth 25K this post was about things that are 2billion(on market) 2.5-3 billion off market when tommorow they may be 200mill. thats a big difference.


 

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Originally Posted by Hopeling View Post
First, could you please learn to use the multi-quote function? Or at least put quote tags around stuff when you copy it into your message?

Second, are you telling me it's illegal for me to sell my car below market value? Because you'd be wrong. Also, you didn't answer the question. Would it or would it not be OK in-game to buy something below market value if someone offered you a better price?

That's an off-market sale at (what he thought was) the going rate, which he adjusted when he found out it wasn't. It's not above the inf cap, either. Note also that Justaris hasn't sold it yet, as of his last post in that thread. So again, you have yet to prove that this is actually happening to anyone anywhere, which kinda renders your whole point moot.
I am not trying to prove anything to anyone. This thread is a warning to people and I think its messed up to sell over market that much


Also I was saying that in fact yes you cannot sell your house for half of its estimated value. The tax people will come a knocking and ask whats up. Capital gains must be paid if your trying to pass it on without paying it. Lets drop the reference to your busted up 1986 honda civic.

Were not talking about trap of the hunter were talking about a house on palm beach.


 

Posted

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Originally Posted by graystar_blaster View Post
Wow Yes in fact you are depending on the date of purchase. What country do you live in. If a gallon of gas is 3.50 and you pay 7 there is a crime. If milk in the state of vermont is 3$ and you pay 6 a crime was commited. If you pay 300$ for a barrel of oil and the rate is 150$ yes you are intitled to sue for recompensation.

Yes thats exactly what i am saying!!!!!!!!
I hate to tell you this, bud, but that's not a crime. If you pay $6 for a gallon of milk that you could have gotten for $3 somewhere else, that's on your head, not the seller. If people keep going to the guy who is selling $6 milk instead of going somewhere else to pay $3, then apparently that guy is on to something, and he's not evil for charging $6. He's smart.

If he built a wall around a community that electrocuted anyone who tried to leave and charged $6 for milk at the front gate, that would be evil. Inefficient as whiz, too!


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Posted

Quote:
Originally Posted by graystar_blaster View Post
Try that with a car, milk, butter, a house, electricity, natural gas, propane, gold, silver, platinum, oil, the list oges on and on. Why cause you cant. Its unetical and illegal.
A seller can sell you a car at whatever price point you can agree on.
Coming in at MSRP or even the seller making a "profit" is in no way mandated by law.

Same with milk and butter. There are simply regulations (health codes) that said foodstuff has to adhere to. Price isn't set.

A house? If a homeowner has their home valued at $250,000 and they choose to sell for $150,000 there's no law stating they MUST get $250,000. How do you think foreclosure flippers make money?

Electricity, gas, etc, due to deregulation in various areas, you can buy your utilities from whomever will sell it to you for whatever price point you agree upon.

Gold, silver, platinum, etc can, again, be bought at whatever price point buyer and seller agree on. This includes commodities trading.

Gasoline can be sold for whatever the business owner feels like selling it for. Profit isn't required. The only way they can be stopped is by:

A: Running out of money due to negative profit
B: Being blackballed by their fuel suppliers
C: Running afoul of agreements with their national/regional affiliate.



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Selling a level 50 GladArmor +3% Defense IO that recently came into my possession. Asking price is 2 billion. Contact @Justaris in-game or send me a pm if interested in buying. Thanks.--this one is newer
yes its older dates but tis a current active post. Im just warning people and why shouldnt I. How could you assume that its ok to sell things at high prices.
The thread is active, but the OP's last reply was 10 days ago, after waiting nearly 2 weeks he was looking at putting it up on the auction house. And that was AFTER dropping his price.

And this example merely goes to show that what we're telling you is true.

Without a willing buyer, there is no price point.



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Posted

Quote:
Originally Posted by UberGuy View Post
I hate to tell you this, bud, but that's not a crime. If you pay $6 for a gallon of milk that you could have gotten for $3 somewhere else, that's on your head, not the seller. If people keep going to the guy who is selling $6 milk instead of going somewhere else to pay $3, then apparently that guy is on to something, and he's not evil for charging $6. He's smart.

If he built a wall around a community that electrocuted anyone who tried to leave and charged $6 for milk at the front gate, that would be evil. Inefficient as whiz, too!

http://www.ers.usda.gov/publications/aib761/aib761.pdf
http://future.aae.wisc.edu/tab/prices.html
http://www.dailydairyreport.com/
http://online.wsj.com/article/SB1000...117141294.html
http://www.fmmone.com/Northeast_Orde...s_main_new.htm

read more speak without knowledge less.


 

Posted

Gold, silver, platinum, etc can, again, be bought at whatever price point buyer and seller agree on. This includes commodities trading.


wrong totally wrong. Having spent 11 years in this field you cannot sell commodites over market

Commodity markets are markets where raw or primary products are exchanged. These raw commodities are traded on regulated commodities exchanges, in which they are bought and sold in standardized contracts.
This article focuses on the history and current debates regarding global commodity markets. It covers physical product (food, metals, electricity) markets but not the ways that services, including those of governments, nor investment, nor debt, can be seen as a commodity. Articles on reinsurance markets, stock markets, bond markets and currency markets cover those concerns separately and in more depth. One focus of this article is the relationship between simple commodity money and the more complex instruments offered in the commodity markets.
See List of traded commodities for some commodities and their trading units and places.


 

Posted

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Originally Posted by graystar_blaster View Post
Gold, silver, platinum, etc can, again, be bought at whatever price point buyer and seller agree on. This includes commodities trading.


wrong totally wrong. Having spent 11 years in this field you cannot sell commodites over market

Commodity markets are markets where raw or primary products are exchanged. These raw commodities are traded on regulated commodities exchanges, in which they are bought and sold in standardized contracts.
This article focuses on the history and current debates regarding global commodity markets. It covers physical product (food, metals, electricity) markets but not the ways that services, including those of governments, nor investment, nor debt, can be seen as a commodity. Articles on reinsurance markets, stock markets, bond markets and currency markets cover those concerns separately and in more depth. One focus of this article is the relationship between simple commodity money and the more complex instruments offered in the commodity markets.
See List of traded commodities for some commodities and their trading units and places.
thats just off wiki i dont have the time to dig up all the legal precidents.


 

Posted

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Originally Posted by graystar_blaster View Post
Its different from marketing off market cause i did all that on the market before the announcement of an impending shift in marketing. I also did that all at fair market prices not one off market sale ever.

And as far as me making my influ on the market honestly is very different than someone charging 1 bill over the cap for something that is currently as of this writing about 1.2-1.5 bill. Thats a 100% overcharge.
So you're saying that it's okay to overcharge people with Buy it Nao prices in the market, because that's what's it's there for, but it's not okay to overcharge people in the Market Forum, even though that's what it's here for? "Come here to make suggestions, bid or sell items, and discuss all features of the game economy. THIS IS FOR IN GAME ITEMS ONLY!"

As mentioned in countless other posts, anybody who spends more than 2 billion on an IO without doing their homework is an idiot. The "for sale" posts are here, but so are the ones talking about how the prices are going to plummet.

Quote:
Originally Posted by graystar_blaster View Post
I realized that you think bad of people that are rich. But being angry at me for trying to protect off market buyers your anger is misplaced.

So if you have something to say constructive I would love to hear it. I suspect its probably trivial and thats why even in a video game your 99%
I don't think bad of people who are rich -- I've got over 40 billion INF in liquid assets floating around, and at a wild guess have several hundred billion in Hami-O's and IO's spread across 20 plus characters.

I just think you love to stir stuff up on the forums, which is why I have to remember to sign in before reading so I can utilize the "ignore" feature and not read your nonsensical drivel!


"But it wasn't anything some purples and oranges and lots of screaming in fear couldn't handle." -- Werner

30 level 50's: 12 scrappers, 7 other random melee types, 11 blaster/blapper/support squishies, two accounts, and a TON of altitis since 4/28/04

 

Posted

I am also shocked that you will argue with me about this warning.


Do not buy off market for the foreseeable future.

thats what this thread is and you argueing with me about commodities pricing.


 

Posted

Quote:
Originally Posted by graystar_blaster View Post
Try that with a car, milk, butter, a house, electricity, natural gas, propane, gold, silver, platinum, oil, the list oges on and on. Why cause you cant. Its unetical and illegal.
Lol.

If you want to sustain this claim you made, and not seem the complete fool, then you should offer a citation. Here, I'll get you started with a link to a site where you can search various legal codes: Lawsource.com. Go there, and when you find the law that says I can't sell eggs at any price I want if I can find a willing buyer, then you come back here and provide us the citation.

It goes the same with your idea that one can't sell products to others if the price is going to drop soon -- It's just plain nuts.

Imagine this scenario:

Shopper: "I'd like a quart of milk, a dozen eggs, and two loaves of bread please."

Store clerk: "Sure; here's the milk and the bread. I can't sell you eggs today, since they go on sale tomorrow for 1/3 off."

Shopper: "Oh really? Nice, I'll pick up some extra eggs tomorrow. I still need a dozen today."

Store clerk: "Sorry sir, I can't sell them to you today, that's not only unethical, but against the law too."

Shopper: "What?! ^#@#$%! I need eggs today! Just sell me a few! I'll pay today's price!"

Store clerk: "Sir, if you continue to demand I illegally and unethically sell you eggs, I'm going to have to call the Sheriff."

Ridiculous, yes? Yep, because your whole line of argument is ridiculous.


 

Posted

Quote:
Originally Posted by graystar_blaster View Post
Wow Yes in fact you are depending on the date of purchase.
Actually no. You're not. You can argue with the seller. You can ultimately return the car within a certain number of days. But they're in no way obliged to give you the price differential.

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What country do you live in.
Pancake you buddy.

Try a real argument instead of an ad hominem.

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If a gallon of gas is 3.50 and you pay 7 there is a crime.
Actually try renting a truck sometime. Then turn it back over to the rental agency less than full. You'll be charged above local market rate per-gallon.

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If milk in the state of vermont is 3$ and you pay 6 a crime was commited.
Find the statute for this. Until then, you're blowing opinion out every available orifice.

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If you pay 300$ for a barrel of oil and the rate is 150$ yes you are intitled to sue for recompensation.
You're entitled to SUE to attempt recompense. That's NOT the same thing as being entitled to recompense.

Yes thats exactly what i am saying!!!!!!!!

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Not 28k for a car worth 25K this post was about things that are 2billion(on market) 2.5-3 billion off market when tommorow they may be 200mill. thats a big difference.
You can argue any arbitrary price point you want. The fundamental principle remains the same. If two people agree on a price point, there is no ripoff. Regardless of how (un)informed one of the parties may be.

Get a grip already.



Clicking on the linked image above will take you off the City of Heroes site. However, the guides will be linked back here.

 

Posted

Quote:
Originally Posted by Eldorado View Post
So you're saying that it's okay to overcharge people with Buy it Nao prices in the market, because that's what's it's there for, but it's not okay to overcharge people in the Market Forum, even though that's what it's here for? "Come here to make suggestions, bid or sell items, and discuss all features of the game economy. THIS IS FOR IN GAME ITEMS ONLY!"

As mentioned in countless other posts, anybody who spends more than 2 billion on an IO without doing their homework is an idiot. The "for sale" posts are here, but so are the ones talking about how the prices are going to plummet.



I don't think bad of people who are rich -- I've got over 40 billion INF in liquid assets floating around, and at a wild guess have several hundred billion in Hami-O's and IO's spread across 20 plus characters.

I just think you love to stir stuff up on the forums, which is why I have to remember to sign in before reading so I can utilize the "ignore" feature and not read your nonsensical drivel!


on market is fine but now that the price will crash and you and i and most know it NO its not ok to fleece someone on the boards and I hope this thread stopped someone from loosing a billion to the like of you.




"I just think you love to stir stuff up on the forums, which is why I have to remember to sign in before reading so I can utilize the "ignore" feature and not read your nonsensical drivel!"


please act on that and do not follow my threads


 

Posted

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Originally Posted by Ardrea View Post
Lol.

If you want to sustain this claim you made, and not seem the complete fool, then you should offer a citation. Here, I'll get you started with a link to a site where you can search various legal codes: Lawsource.com. Go there, and when you find the law that says I can't sell eggs at any price I want if I can find a willing buyer, then you come back here and provide us the citation.

It goes the same with your idea that one can't sell products to others if the price is going to drop soon -- It's just plain nuts.

Imagine this scenario:

Shopper: "I'd like a quart of milk, a dozen eggs, and two loaves of bread please."

Store clerk: "Sure; here's the milk and the bread. I can't sell you eggs today, since they go on sale tomorrow for 1/3 off."

Shopper: "Oh really? Nice, I'll pick up some extra eggs tomorrow. I still need a dozen today."

Store clerk: "Sorry sir, I can't sell them to you today, that's not only unethical, but against the law too."

Shopper: "What?! ^#@#$%! I need eggs today! Just sell me a few! I'll pay today's price!"

Store clerk: "Sir, if you continue to demand I illegally and unethically sell you eggs, I'm going to have to call the Sheriff."

Ridiculous, yes? Yep, because your whole line of argument is ridiculous.


I provided leagal codes on the things i mentioned i am not aware of eggs being on that list.

Milk is what i refered to and commodities such as gold, silver, oil, natural gas. Last i checked eggs were not a commodity and as such were not listed since that was the argument at hand.


But thanks for the link even though its not germane to this thread my posts your posts or any other.

But here is a link to the weather in Kralendijk, Netherlands Antilles Weather

http://www.weather.com/weather/tenda...890,-68.262382


 

Posted

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Originally Posted by graystar_blaster View Post
wrong totally wrong. Having spent 11 years in this field you cannot sell commodites over market
11 years wasted evidently. What're you doing now?

Take a look at futures again. Buy low, sell high. The difference = profit.
If someone enters into an agreement with you before close of the market to take delivery at a certain price point (which may be above market value), then yes, you CAN.



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Posted

The only thing I'm not knowledgeable of here is why you think anything you have posted is relevant to what I said.

Are you trying to make the point that no one would buy $6 milk? Because if you are....



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Posted

Quote:
Originally Posted by graystar_blaster View Post
No I wont in fact ill mess it up more since it bothers you. And the fact that I know your so bothered by this I will tri two speal woarse.
*shrug* Sabotage your own threads all you want, I guess. I'm done here.


 

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Originally Posted by Hyperstrike View Post
11 years wasted evidently. What're you doing now?

Take a look at futures again. Buy low, sell high. The difference = profit.
If someone enters into an agreement with you before close of the market to take delivery at a certain price point (which may be above market value), then yes, you CAN.
since you want to know. i sold my comapny and retired at 33 have not worked in 4 years. How about you?


 

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Originally Posted by UberGuy View Post
The only thing I'm not knowledgeable of here is why you think anything you have posted is relevant to what I said.

Are you trying to make the point that no one would buy $6 milk? Because if you are....


http://www.ers.usda.gov/publications/aib761/aib761.pdf

page 4

is where it starts


 

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Originally Posted by Hopeling View Post
*shrug* Sabotage your own threads all you want, I guess. I'm done here.
see ya


 

Posted

Quote:
Originally Posted by graystar_blaster View Post
since you want to know. i sold my comapny and retired at 33 have not worked in 4 years. How about you?
This could just be a clever way of saying you went bankrupt, your company assets were confiscated and you've been unemployed ever since.



Clicking on the linked image above will take you off the City of Heroes site. However, the guides will be linked back here.

 

Posted

Quote:
Originally Posted by Hyperstrike View Post
11 years wasted evidently. What're you doing now?

Take a look at futures again. Buy low, sell high. The difference = profit.
If someone enters into an agreement with you before close of the market to take delivery at a certain price point (which may be above market value), then yes, you CAN.
However since you obviously understand I was not talking about the futures market and neither were you.


SO do not pretend that this thread which was a warning to unsuspecting buyers has anyting to do with the futures commodity market, short selling or anything in the like.


Your creating new arguments out of wholesale cloth to create the perception that you know more or are "right"

and this thread was not about rightness it was about integrity this close to a market meltdown and that is all

so all the hot air and argueing you want to put in will get you nothing.


and insofar as arguing with me about the market well I did that and i won in life in regards to that.

so in this video game in which none of what was said, none of the links, matter and none of your posts will take away from the fact that the market is about to explode and dont sell or buy offline for the meantime.


things may change as they should cause thats the one constant in life. in regards to this thread dont buy off line that is all.


 

Posted

Quote:
Originally Posted by graystar_blaster View Post
page 4

is where it starts
Yeah, OK. I looked at it. Read the whole section about the standards on milk pricing. You're still missing the point entirely. As in you clearly have no idea at all what the rest of us are saying.

Book knowledge, or even trade knowledge, is not serving you well here. You are misapplying utterly. (No pun intended.)


Blue
American Steele: 50 BS/Inv
Nightfall: 50 DDD
Sable Slayer: 50 DM/Rgn
Fortune's Shadow: 50 Dark/Psi
WinterStrike: 47 Ice/Dev
Quantum Well: 43 Inv/EM
Twilit Destiny: 43 MA/DA
Red
Shadowslip: 50 DDC
Final Rest: 50 MA/Rgn
Abyssal Frost: 50 Ice/Dark
Golden Ember: 50 SM/FA

 

Posted

Quote:
Originally Posted by Hyperstrike View Post
This could just be a clever way of saying you went bankrupt, your company assets were confiscated and you've been unemployed ever since.
ok. I guess it could. Thankfully it does not.


 

Posted

Quote:
Originally Posted by UberGuy View Post
Yeah, OK. I looked at it. Read the whole section about the standards on milk pricing. You're still missing the point entirely. As in you clearly have no idea at all what the rest of us are saying.

Book knowledge, or even trade knowledge, is not serving you well here. You are misapplying utterly. (No pun intended.)
how so. That is just a link i grabbed in the 30 seconds i dedicated to my reply. But please if you will enlighten all of us since i enjoy very much this topic.