Artificial ?

Best buying rate: L$280 / US$1.00
Last trade: L$280 / US$1.00
Last close: L$280 / US$1.00
Change: L$0 / US$1.00
Today's volume: L$1,167,545
Today's open: L$281 / US$1.00
Today's high: L$300 / US$1.00 <-- 300 ?!!
Today's low: L$280 / US$1.00
Today's average: L$280.56 / US$1.00

With some high pic at 286 ...
Someone REALLY want to devaluate the value of L$... (And raise the L$ value of land ?) Who ? Why ?

What about the future of Ginko Bank with this devaluation ?

Adding a few small orders far outside the trading range will affect the high-low bars on the graph, but will likely only affect the daily average minimally. This, incidentally, would be eliminated with the addition of a buy-side in LindeX.

As long as the value of the L$ continues to decline, Ginko is happy. They can buy back whatever L$ they need form the market whenever they have to cash someone out at a much lower price than they would have sold them for in the first place. Now, if the valuation should happen to *rise* significantly, it would definitely cut into their margins unless they are smart enough to actively hedge their FX exposure...

But look at the daily graph.

Someone (a group ? many random ppl ?) sell at 285L$/US$ why doing that when the maximum is usually at 280 ? nobody at 281, 282, 283, 284, but at 285 ... it happened 3 time in the last 24h. And 1 time since i posted this thread ...

Someone clearly understands that markets are heavily affected by psychology.

And that market 'crashes' are usually caused by short periods of excessive panic, after long periods of excessive exuberance, both having little to do with fundamental economic realities.

Buying and selling a few points under the market doesn't 'cost' much, really - not if the payoff is mass panic, where you can rush in and scavenge everyone else's loss, wait a few weeks and sell everyone's $L back to them at high profit.

It stinks, it's unethical, but it happens. Some people call up old folk's homes and talk the senile elderly into signing over money and property, too. Perfectly legal, happens every day.

Plenty of people like that in the world, and probably a few of them play Second Life.

1) L$ declines during the week, then rises back over Friday, Saturday and Sunday.
2) many people simply sell their L$ at whatever the highest rate currently is

This means that someone, at the start of the week, can put a few thousands of L$ for sale at the current rate + 5, and expect in the following minutes that someone else will come along and put a lot more L$ for sale at this rate too before his or her L$ are bought. You just have to keep putting L$ for sale to maintain the high rate as long as possible until another seller comes by and drops a bunch, creating an artificial resistance. Keep doing it over the whole week, and the rate will be inflated.

The difficult part is placing your L$ at the right moment, enough to maintain the rate high until another seller comes, high enough to make your loss worthwhile, but not too high so as not to make too big an incentive to buy them on the spot.

Someone who has alot of $L to spend and also has a way to sell them outside of Lindex, at a higher rate, would gain a distinct advantage in their field.

They would be able to sell their product cheaper, while still maintaining higher margins simply because the $L is worth more to them then it is to their competitors.

Woohoo

or if someone had a really HUGE wad of land they wanted to turn over quicky.. 'hey look how low the L$ is! buy some money for land!' - then turn that money over for the next person to buy at a 'low' rate.

Wash - rinse - repeat.