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hrm manipulation anyone? |
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Jon Rolland
Registered User
Join date: 3 Oct 2005
Posts: 705
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03-30-2006 20:39
A look at market data shows the $L recovered -5 today... but apparently that doesn't fit someone's plans so someone placed a large chunk at 300 when the next price as 296. Hard to create a panic if the market recovers -5?
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mcgeeb Gupte
Jolie Femme @}-,-'-,---
Join date: 17 Sep 2005
Posts: 1,152
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03-30-2006 21:18
A look at market data shows the $L recovered -5 today... but apparently that doesn't fit someone's plans so someone placed a large chunk at 300 when the next price as 296. Hard to create a panic if the market recovers -5? I may be wrong, but I think what happened was the person at 278L with around the same amount moved it to 300L. |
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Jon Rolland
Registered User
Join date: 3 Oct 2005
Posts: 705
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03-30-2006 21:21
I may be wrong, but I think what happened was the person at 278L with around the same amount moved it to 300L. 278 thats where someone built a 6.3mil block that forced the market to hold 280 for a long time. I wouldn't assume that's an innocent move. |
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Dana Bergson
Registered User
Join date: 14 Oct 2005
Posts: 561
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03-30-2006 21:25
A look at market data shows the $L recovered -5 today... but apparently that doesn't fit someone's plans so someone placed a large chunk at 300 when the next price as 296. Hard to create a panic if the market recovers -5? Today is (in Europe) the last of March. Maybe its paycheck time for her employees. |
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-30-2006 21:28
Socialists call it Manupulation
Capitalist call it Free Markets If somebody wants to sell their L$ for L$400, then go right ahead.. If "The Market" thinks its too low, they'll gobble up the L$ @ L$400 and resell it for a profit @ L$300. Or if "The Market" thinks L$400 is just right, others will follow and jockey to sell theirs lower. If you don't like the L$ falling, fuss at the source of the problem.. Bad Linden Labs Economic Policy. If their policy was sound, the L$ wouldn't be falling, it would be rising. Its a shame too... That person who bought land back in Oct'05 now has the same plot of land, but its lost 20% of its value back of the Linden Dollar decline. Thanks to lack lust policies that have a 7% growth rate in the Money Supply. I wouldn't be suprised if the money supply is in the ballpark of around L$1/billion linden dollars... _____________________
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Jon Rolland
Registered User
Join date: 3 Oct 2005
Posts: 705
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03-30-2006 21:36
Socialists call it Manupulation Capitalist call it Free Markets Free markets can be manipulated. If somebody wants to sell their L$ for L$400, then go right ahead.. If "The Market" thinks its too low, they'll gobble up the L$ @ L$400 and resell it for a profit @ L$300. I did. |
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mcgeeb Gupte
Jolie Femme @}-,-'-,---
Join date: 17 Sep 2005
Posts: 1,152
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03-30-2006 21:37
278 thats where someone built a 6.3mil block that forced the market to hold 280 for a long time. I wouldn't assume that's an innocent move. I think a 6 million Linden block should not be allowed. The only thing it will do is force the exchange to go up. Almost no one wants to wait for 6 million to sell. |
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Jon Rolland
Registered User
Join date: 3 Oct 2005
Posts: 705
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03-30-2006 21:45
+ I think a 6 million Linden block should not be allowed. The only thing it will do is force the exchange to go up. Almost no one wants to wait for 6 million to sell. I have to disagree with that you have to allow the lindens to be placed for sale. I fully believe it was intended for exactly that purpose. Dana: 2mil at 300 compared to 2mil at 295 is $112.99USD do YOU honestly believe she would plan ahead poorly enough she feels she needs to pay over an extra half sim tier to get the bill paid? I don't. |
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mcgeeb Gupte
Jolie Femme @}-,-'-,---
Join date: 17 Sep 2005
Posts: 1,152
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03-30-2006 22:09
I have to disagree with that you have to allow the lindens to be placed for sale. I fully believe it was intended for exactly that purpose. Dana: 2mil at 300 compared to 2mil at 295 is $112.99USD do YOU honestly believe she would plan ahead poorly enough she feels she needs to pay over an extra half sim tier to get the bill paid? I don't. Well I would at least like to suggest to this person that if you would like to sell 6 million Lindens, do it is smaller increments otherwise you'll be waiting a while and end up selling at 300L instead. |
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Jopsy Pendragon
Perpetual Outsider
Join date: 15 Jan 2004
Posts: 1,906
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03-30-2006 22:53
... Its a shame too... That person who bought land back in Oct'05 now has the same plot of land, but its lost 20% of its value back of the Linden Dollar decline. Thanks to lack lust policies that have a 7% growth rate in the Money Supply. ... Strange to see such a soft-hearted sentiment coming from you. Buy 16ksqm of land Oct 1 at L$10per sqm, with L$260 to the US$1. You've spent US$615. Spend US$75 a month in tier fees while holding the land and spend another US$450. Assuming you find someone to buy the land at the same rate, Sell 16ksqm of land Apr 1 at L$10per sqm, with L$290 to the US$1. You pocket US$551. You've lost US$64 dollars due to the L$ value change. total debits: US$1065 total credits: $551. Total cost: US$514. Makes the loss of US$64 seem kinda insignificant. If they sold a few days earlier they could have reduced their tier fee in time to more than cover the difference in L$ value. The land seller is more likely to get stuck with a steeper loss due to land devaluation. Costs of doing business. Yay Free Market! Thought you liked this kinda stuff. -- You were doing better with the roman government suggestion, at least it had humerous value. |
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Fade Languish
I just build stuff...
Join date: 20 Oct 2005
Posts: 1,760
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03-30-2006 22:55
I though the little trail of L$ breadcumbs leading to L$300/$ that preceded the first wad was interesting... otherwise I would have just said, someone wanted a lot of money fast and didn't want to compete to sell it. But it looked liked someone wanted to make it look like it had worked it's way to that price.
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Dana Bergson
Registered User
Join date: 14 Oct 2005
Posts: 561
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03-30-2006 23:05
Dana: 2mil at 300 compared to 2mil at 295 is $112.99USD do YOU honestly believe she would plan ahead poorly enough she feels she needs to pay over an extra half sim tier to get the bill paid? I don't. The simple and much less spectacular truth is: 1) there is some businesses that must convert 7 digits L$ on daily basis to funds auctions, tier and salaries and 2) if you put 2 mio L$ on LindeX these days, if not put it slightly below market it will not sell, but instead after maybe 10% sells, the market will drop below. In this particular case you saw L$ convert into US$ to mostly funds Dreamland tier charges during remainder of this month. Honi soi qui mal y pense... |
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Frans Charming
You only need one Frans
Join date: 28 Jan 2005
Posts: 1,847
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03-30-2006 23:39
has anyone divided 2m to 300? That is one freaky coincidence.
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Dana Bergson
Registered User
Join date: 14 Oct 2005
Posts: 561
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03-30-2006 23:45
has anyone divided 2m to 300? That is one freaky coincidence. |
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Luth Brodie
Registered User
Join date: 31 May 2004
Posts: 530
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03-31-2006 06:52
I have to admit that it is a funny coincidence that this happened just a week before she announced her plans to create her own currency because the L$ is so unstable. Nothing funny about it. Take a business loss to scare all the smaller business owners into trading in a more "stable" currency which gives her profit. Whos to say that this swift decline, even with the higher amount traded then ever before, isn't one business's manipulation? _____________________
"'Aarrr,' roared the Pirate Captain, because it seemed a good way to end the conversation."
The Pirates! In An Adventure With Scientists. Reel Expression Poses and Animations: reelgeek.co.uk/blog |
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Argent Stonecutter
Emergency Mustelid
Join date: 20 Sep 2005
Posts: 20,263
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03-31-2006 10:12
I though the little trail of L$ breadcumbs leading to L$300/$ that preceded the first wad was interesting... otherwise I would have just said, someone wanted a lot of money fast and didn't want to compete to sell it. But it looked liked someone wanted to make it look like it had worked it's way to that price. |
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Elde Eponym
Registered User
Join date: 14 Feb 2006
Posts: 159
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03-31-2006 10:23
I wouldn't be suprised if the money supply is in the ballpark of around L$1/billion linden dollars... Stand by to be surprised. |
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Dianne Mechanique
Back from the Dead
Join date: 28 Mar 2005
Posts: 2,648
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03-31-2006 10:29
A look at market data shows the $L recovered -5 today... but apparently that doesn't fit someone's plans so someone placed a large chunk at 300 when the next price as 296. Hard to create a panic if the market recovers -5? Why would anyone want to manipulate Her Royal Majesty?  _____________________
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