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The Linden Dollar Freefall
katykiwi Moonflower
Esquirette
Join date: 5 Dec 2003
Posts: 1,489
05-25-2006 22:56
Today's LindenX Daily Summary:

Last Close Date 2006-05-24
Best buying rate: L$336 / US$1.00
Best selling rate: L$349 / US$1.00
Last trade: L$335 / US$1.00
Last close: L$327 / US$1.00
Change: +L$8 / US$1.00
Today's volume: L$12,804,237
Today's open: L$328 / US$1.00
Today's high: L$375 / US$1.00
Today's low: L$326 / US$1.00
Today's average: L$337.6291 / US$1.00

Have you raised your prices yet? Is it inflation yet?
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Ananda Sandgrain
+0-
Join date: 16 May 2003
Posts: 1,951
05-25-2006 22:58
Fuel prices spike every year just in time for Memorial Day.
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Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
05-26-2006 06:40
"There is no problem" - SL Osteriches
"There is a problem" - Jamie Bergman (MONTHS ago)
nimrod Yaffle
Cavemen are people too...
Join date: 15 Nov 2004
Posts: 3,146
05-26-2006 06:41
Wrong forum.
Jonas Pierterson
Dark Harlequin
Join date: 27 Dec 2005
Posts: 3,660
05-26-2006 06:45
Moved to Land and Economy.

"Help me, help me, my profit from freebies is falling" -Jamie 'Chicken Little' Bergman
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You killed My father. Your a-- is mine! - Hellboy
katykiwi Moonflower
Esquirette
Join date: 5 Dec 2003
Posts: 1,489
05-26-2006 09:32
From: nimrod Yaffle
Wrong forum.
Thank you for your insightful contribution to the discussion of the problem.
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Surreal Farber
Cat Herder
Join date: 5 Feb 2004
Posts: 2,059
05-26-2006 09:35
Moved to Land and Economy forum. :D
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Surreal

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Maeve Morgan
ZOMG Resmod!
Join date: 2 Apr 2004
Posts: 1,512
05-26-2006 09:36
And now it's officially moved to the land and economy forum
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Located in Shark
Everything under $100L
Jonas Pierterson
Dark Harlequin
Join date: 27 Dec 2005
Posts: 3,660
05-26-2006 09:45
From: katykiwi Moonflower
Thank you for your insightful contribution to the discussion of the problem.


Well if the undercutting would stop..or people would realize that the buyers determine value..

You're welcome :)
_____________________
Good freebies here and here

I must protest. I am not a merry man! - Warf, ST: TNG, episode: Qpid

You killed my father. Prepare to die. - Inigo Montoya, The Princess Bride

You killed My father. Your a-- is mine! - Hellboy
ninjafoo Ng
Just me :)
Join date: 11 Feb 2006
Posts: 713
05-26-2006 10:00
From: Jonas Pierterson
Well if the undercutting would stop..or people would realize that the buyers determine value..

But what would all the busy fools do?
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Jonas Pierterson
Dark Harlequin
Join date: 27 Dec 2005
Posts: 3,660
05-26-2006 10:03
From: ninjafoo Ng
But what would all the busy fools do?


Eat pie?

Pie!
_____________________
Good freebies here and here

I must protest. I am not a merry man! - Warf, ST: TNG, episode: Qpid

You killed my father. Prepare to die. - Inigo Montoya, The Princess Bride

You killed My father. Your a-- is mine! - Hellboy
Rasah Tigereye
"Buckaneer American"
Join date: 30 Nov 2003
Posts: 783
05-26-2006 10:06
From: katykiwi Moonflower
Today's LindenX Daily Summary:

Last Close Date 2006-05-24
Best buying rate: L$336 / US$1.00
Best selling rate: L$349 / US$1.00
Last trade: L$335 / US$1.00
Last close: L$327 / US$1.00
Change: +L$8 / US$1.00
Today's volume: L$12,804,237
Today's open: L$328 / US$1.00
Today's high: L$375 / US$1.00
Today's low: L$326 / US$1.00
Today's average: L$337.6291 / US$1.00

Have you raised your prices yet? Is it inflation yet?



$336 and the change is not the actual numbers. It looks as if the market is stable somewhere around $333, which is about what it was at yesterday. Last night's last-minute sell orders of $100k per price up to $336, which was all gone before noon this morning, really scewed the graph/data. If this continues tomorrow, with prices jumping in the evening and coming back to $333, I'd say it'd be a very nice thing.
Fremont Cunningham
Senior Wizard
Join date: 15 May 2004
Posts: 48
Lindex SELL biased toward inflation
05-26-2006 10:38
From: Jonas Pierterson
Well if the undercutting would stop..or people would realize that the buyers determine value..

You're welcome :)


Yes, and with Linden Lab's help! Notice that the default 'sell lindens' is simply at 'market value'? You have to dig around and click on stuff to set up limit sell orders. How many unknowing sellers are using the LL-supplied default and playing right into the arms of the buyer, who of course want to buy at the cheapest rate!

If everyone selling held out for around L400/US$ then the rate would *be* around 400. But theres enough using this Linden Lab default to keep the Linden sliding.

:(
Rasah Tigereye
"Buckaneer American"
Join date: 30 Nov 2003
Posts: 783
05-26-2006 10:56
From: Fremont Cunningham
Yes, and with Linden Lab's help! Notice that the default 'sell lindens' is simply at 'market value'? You have to dig around and click on stuff to set up limit sell orders. How many unknowing sellers are using the LL-supplied default and playing right into the arms of the buyer, who of course want to buy at the cheapest rate!

If everyone selling held out for around L400/US$ then the rate would *be* around 400. But theres enough using this Linden Lab default to keep the Linden sliding.

:(



Yeah, it's probably contributing to the slide, but the people who are using default are no doubt trading very little money, which at the spread of just $20l to $30L doesn't ammount to much of a loss at all. (try typing in $5000L into the instant sell box, and $5000 into the limit sell with the curent market data. I got US$13.67 for the sell now option and US$14.48 for the sell if someone is willing to pay for it option, which isn't much of a diff).