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Talen Morgan
Amused
Join date: 2 Apr 2004
Posts: 3,097
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09-02-2005 08:26
From: Timmy Night It is still a misnomer as what IGE is trying to do is not have too many L$ in supply. They currently have too much supply and therefore don't need to purchase any L$ at this time. Once their supply drops enough, then you will see them purchasing again. they have had much more supply than that in the past and only stopped buying for a few days...if they are smart they will sell off what they have and wait it out to see how the LL webpage works and I'm sure they are thinking like many others that when the LL page does start the linden dollar will drop significantly
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Build a man a fire and he'll be warm for a day...set a man on fire and he'll be warm the rest of his life 
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Timmy Night
Cliff View Owner
Join date: 4 Apr 2005
Posts: 291
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09-02-2005 09:05
From: Talen Morgan they have had much more supply than that in the past and only stopped buying for a few days...if they are smart they will sell off what they have and wait it out to see how the LL webpage works and I'm sure they are thinking like many others that when the LL page does start the linden dollar will drop significantly Its also a misnomer because they only have L$32 million. I don't think they sold of L$8 million in the last few days.
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"I'm villifying you for God's sake - pay attention!" Sir Peter O'Toole as King Henry II in "The Lion In Winter"
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Hair Akebono
Registered User
Join date: 10 May 2004
Posts: 135
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09-02-2005 09:29
From: Timmy Night Its also a misnomer because they only have L$32 million. I don't think they sold of L$8 million in the last few days. They had about L$39million just before they stopped buying on the 29th. I do tend to keep an eye on the leaderboard and IGE, as I'm always looking for trading and arbitrage opportunities on IGE and GOM. So they've sold about L$6-7million so far. |