Linden lab trades?

Lindex Trades:

L$288 / US$1.00 1 L$7,171
L$283 / US$1.00 1 L$100,000
L$281 / US$1.00 1 L$100,000
L$280 / US$1.00 1 L$100,000
L$278 / US$1.00 1 L$100,000


Pretty sure they're linden lab selling lindens on the lindex.

*odd look* That is just irrational. Better answer is since RBD/JB/PF ect can't post panic to the forums they are trying to create the illusion of it on Lindex.

Must be nice for them to be able to just waste their money like that to create that illusion.

Ahah, no, that would be irrational. LL is trying to stabalize the exchange. A market diving quickly can be just as painful as one going up.

Check the economic stats, they've been selling L$ like madmen lately.

Linden Labs wasn't selling like that....it was controlled dumps at the current rate. Plus I think they already reached tier limit for the month.

Definately some not so subtle attempt at market manipulation.

What's the tier limit? Do you have a link?

You don' try to manipulate a market going down like this. That's just a sure fire ticket to lose a LOT of money. Someone could just buy that up and automatically profit because the market has declared a different value for the L$.

The only one who can go against the market is linden lab, which I'm willing to bet 100 L$ that's who it is.

10,000 US per rolling 30 days

They announced this in the blog when they started selling Lindens.

They were only at 2389K yesterday, which is about 8K. Granted, they're getting pretty close to the tier limit.

I suspect they could easily ignore it though.

Supply Linden will start trading under the limitations of Currency
Trader Tier 2. This tier is limited to US$10,000 selling per rolling 30
days, and also limited to US$5,000 per day.

This does NOT follow Supply Linden's pattern, he may still be capped out, and this IS a tactic I've seen before on the market. Please research before trying to start a panic. lol

Here is the link:

http://blog.secondlife.com/2006/07/17/linden-dollar-economy-announcement/#more-223

That's per 30 days, not month to month so you would have to include anything they sold the last week of July as well.

Indeed I wish I was that rich. But remember how much was sold at throw away prices on a daily basis before limit buys? And remember a similar trickle of money leading down to 300/1 when the market got close to that number?

Good point. Oh well, I guess this is one way to test the circuit breaker..

Hmmm I'm wondering if the reason for the lack of "Big Fish" activity could be that they are all at Burning Man....

This might explain why I'm not seeing increases in sell orders around the likely "bottom points" (looking at the open sells) Or It could be that there are those who are waiting for their targets before they "show" their hand...

If the Lindens can't staunch the flux because they hit their limit, and the weekenders keep buying $L at the going rate... (what choice do they have... ) this could get very interesting....

At what point to the weekenders look at the exchange rate, and think.... hmmm it's too expensive to "do" SL this weekend... and stop buying $L

And I agree with an earlier poster who noted that the sells look a bit odd, but it might be someone who wants to draw SOME profit off now, and does not want to "shock" the trend...


=B-)

For perspective view market data looking at "all" keep in mind that's less than 1 years data.



If that was the intent wouldn't it be far more profitable to make several 200kL sales at the best rate replacing them as they sell than to post almost 15 points above the best rate?

Ok this person selling at these rates just waisted money. The above amounts sold for a total of $1400.16 and if you take these and put them all at 275 it would go for $1428.75. Could even sell at 274 or 273 right now too. So maybe some people don't need 30 dollars. Still what is the point?? Could easily just take 100K at a time at 275 if they were worried about not sparking a panic or someone jumping them. Likely sell just as fast and not waisting 30 dollars.

I looked at the graphs of all the data...

So does this tend to lead back to the thinking that the string of 100k sells was a LL sale to see if the gain could be stalled? I'm not at all sure what to make of this, or if it even matters.

I'm still very puzzled as to why there hasn't been a series of selloffs yet... The sell orders haven't changed much all day from what I can see.

=B-)

Maybe it's someone who just doesn't know what they are doing, and thinks they do...

=B-)