It's almost Tuesday: Get ready to BUY BUY BUY!!11!!!1!one!!!

I'm just trying to beat the inevitable SELL SELL SELL post that pops up every week.

It seems to me that the L$ is at it's lowest every Tueday, and isn't that old saying "Buy low, sell high?" Seems to me that people should buy when the price of a commodity is at it's lowest, and then sell when it's higher later in the week. I am neither selling nor buying L$ right now, so the outcome really doesn't matter to me.

I'm not SL's "Top Economic Mind" though, so what would I know. I will say this though, anyone who disagrees with me is obviously a COMMUNIST!

Is it just me or does the rate weaken the most on Monday and not Tuesday??

I would have expected a buy rate of 345-346 by now, compared to the current sell rate. Instead, it is at 342. I assume that there was a big increase in the number of day traders and competition is harder now.

Let's try something NEW this week....

Let a free market work itself out.

~Lefty

There are 12 traders at 344,345,and 346 so I would say the number has increased. Either that or there are more alts trading now, I have expected to see that in the comming weeks.

Its a pileup. We have had 1 person persistently putting 70k 1 mark lower every time it sells. THis person has been doing it for 2 days and made it impossible for anyone else to clear buy. We have also had 2 600k buy orders placed.

thats why it hasn't cleared back. It did come close to clearing 345 today before these 2 started their games.

Which makes you wonder... surely it's in every seller's interest to get the most for their $, ie the lowest exchange rate.

So why would someone purposely lose money, unless they were trying to destabilise the market for their own gain?

Lewis

"Over Dunn"

You are complaining about the same thing that people on the limit sell side have been complaining about for months. This is the action of a competitive free market. Some people want to trade large volume on small margine and quick turn around. I tend to trade on much wider margines and hold the L$ much longer.

Last weekend's trades for me were purchased at 343 and 348 but sold at 324,325, and 326 after being held almost a week waiting for the rate to drop.

Actually I am not complaining mearly observing. The thing I think that bothers me if anything does is how easily 1 or 2 people can totally control the buy side of the market.

Not always. Sometimes it's in their best interest to complete the transaction right now.

If you were in the desert, dying of thirst, with a pocket full of cash, and someone offered you a canteen of water for $100, would you buy it? Surely you can hold out for a better deal, which may never come along, but it's obviously in your best interest to buy it, right now.

This is why we have market orders, and why people use them. It's also why people might put a limit order in just a touch below the current best limit order.

There's no need to read some nefarious intent into it. The linden is not undervalued. It's pretty much about where it should be, maybe just a little overvalued still. As long as you can buy lindens from LL at 361, and get a free 512 of land thrown in the deal, the Linden will hang around the low 300s to the middle 400s.

So if they are trying something, they are going to have to try a whole hell of a lot harder, because they are currently failing badly.

lewis, refer to the chapter on supply and demand.