October 13, 2009

Abyssal Shatter Profit Calculation

Filed under: Enchanting,wowbanker — Tags: — Kevmar @ 11:39 am

WoWenomics just posted some Abyssal Shatter Test Results. I wish I knew the abyssal crystal market better so I could do some solid math on it. So I have no clue if they are profitable to shatter on my server. But I do know the cost of the other mats and can guess the break even point.

Using the numbers over at WoWenomics, I came up with this calculation.

ID * 9.79 * .3047 + CE * 2.99 * .6953 = Abyssal break even value

For ID, CE, and Abyssal use the market price for the item. Infinite dust is 4.5g, Cosmic Essence is 15g, and I do not know the Abyssal crystal price. If I put those numbers in to the equation, it puts my abyssal crystal value at 44.6G. That sounds very close to what I think it should be.

If you get GE from the shatter, its average value is 44.85g. If you get ID from the shatter, its average value is 44.06g. I found that very interesting that it balanced that well.

Remember these values are per per server. So plug your values into the calculation for yourself.

Why do glyphs fallback?

Filed under: Inscription,wowbanker — Tags: — Kevmar @ 5:31 am

In a market where QA dominates the undercutting, why do we ever see any glyphs post at fall back prices? I am not talking about when you reset a glyph. I know why that happens. It’s all those other ones.

I know I have very close to full coverage (I am 9 glyphs from having them all). I know not all my competition has every one of them, but there are enough players that everything is covered by several posters. With me posting as hard as I am, and them posting as hard as they are, how can glyphs randomly post at fall back prices with that much coverage?

This is a side effect of QA and heavy undercutting with long posting periods. As the price gets lower and lower, eventually it reaches the point where only one person is willing to post at that price. To QA, this glyph is now under the threshold for everyone else. QA will now skip this glyphs until the price goes back up. Either the low priced ones get purchased or they expire. If they expire, every glyph that was above that one will expire first.

This glyph becomes that last one. It holds everyone out of posting that glyphs until it disappears. Once it is gone from the AH, the next person is open to post at whatever price they want. Someone who works hard to reset the price of glyphs will see this loner and reset the market. But those people don’t take the time at every posting to do that.

The colors on the left indicate the value of the glyph. Red is near cost, orange is minimal profit, and green is all the mark up. Everyone undercuts in the green area, few will do so in the orange. This will cause many glyphs to cycle in price over and over. The worse the glyph is, the more often the glyph will cycle like this.

Buyers will bring some stability to glyphs and slow the cycle. Also someone liquidating leveling glyphs (they are not using QA anyway) will hold those down longer. But there are several lukewarm glyphs from research and books that will do this.

I do not expect every server to see this. For the longest time, I was the main cause of this effect on my server. Some things like this I don’t do as aggressively anymore. But it was a nice way to passively reset the glyph market when I did do that. All it takes is one person to post by hand or use some other logic to post glyphs with and that cycle can be interrupted.

October 12, 2009

DKP: Under Bidding

Filed under: DKP — Kevmar @ 10:50 am

In our bid system for loot we have a rule where the high bidder is charged the least amount it would take to win the item. So if you over bid the 2nd person by a landslide, you are only charged 1 point more than the 2nd highest bid.

When I picked up my Trophy of the Crusades I had a good deal of data to work with. This drops 5 times a raid and its easy to get a feel for the trend of an item when it drops that often and so many people need it. In a bid system, the cost reflects supply and demand. The same people that need the first 2-3 trophies will need the last 4-5 of the night. Except for the people that won already. Many people will not bid on the 1st to see what it goes for.

Here is how the night played out that I picked up 2 in the same run.

I bid 50 on the first drop and it was won for 51 points. This tells everyone that someone bid 50 for it. That first person could have dropped over 9 thousand on it and still would have got it for 51 points. I think about things like this. When the 2nd one dropped, I know someone else knew someone bid 50 for it. People hate to see things go cheap to someone else. They can either bid to win it and give the other person a chance to get it much cheaper later. Leaving them with points they can spend over you on something else.

Or they can under bid you to make you spend the most possible. If someone were to bid 49, then that other person would have to spend the full 50 points to get it. He would get no discount like he would if it was uncontested. Can anyone guess what I bid the 2nd time? Knowing that someone was likely to bid 49 to hold that bid of 50 up, I bid 48 instead.

That item was won for 49 points. They easily could have bid 51 or 50, I have no way to know that. But if he was trying to play a game with my points I was able to dodge it. On the 3rd and 4th drop, I bid 47 points and won it for 41.

By watching and playing with the bids on the first 2 drops, I was able to save 16 or more points. I never bid more than I am willing to spend on an item. So its not the same as bidding 1 under someone else on an item that I don’t want. If we catch people doing that we will take action. But dipping my bid a little bit to make someone else pay for it first is fair game. I will get it or someone else will get it. How soon and for how much is still up to me.

October 11, 2009

Thanks for the trafic

Filed under: Uncategorized,wowbanker — Kevmar @ 7:30 pm

I like to keep an eye on my web stats. I see a few other blogs that send a good deal of trafic my way. I want to take a moment and thank them for the referals.

Greedy Goblin
The Happy Scribe
WoWenomics
Phase 3 Profit
Gnomes Conquest
Hit The Cap

Selling more Vender Items

Filed under: Uncategorized,wowbanker — Kevmar @ 6:01 am

So, I think there is a market for vender items. A few days ago I sold 3 rune thread for 8g to the same person. Someone asked me why I sell these things. I to it for the laugh. It puts a huge smile on my face. Here are some sales that have me laughing.

Green Dye, 2xRune Thread, Blacksmith Hammer, and a Weak Flux.

These sales just don’t stop. I figured it was a one time thing. Kind of a fluke. Here are some other things I sold.

Simple Flour 3g, 3xCoal 1g, and 3xRune Thread 5g (people are under cutting me now) are not pictured. I got tired of clipping the shots and posting them. I think that rune thread sells better than some of my glyphs. Thats 8 rune thread that I have sold in the AH this week.

Hacked: the Authenticator

Filed under: Hacked,wowbanker — Tags: — Kevmar @ 5:58 am

After my personal experience of getting my account comprimised I decided its time to become an advicate of the Blizzard Authenticator. I am one of those computer guys that has no spyware issues, knows how to spot keyloggers before hand, and has a strong password. I am the perfect example of the “it will never happen to me”.

This is not the first time we have had a guild member get an account hacked. I don’t recal it ever happening to another officer. But my hack got everyone’s attention. Partialy because of all the stuff and gold involved, but also because I’m one of the last people they ever expected to get hacked.

Our guild now requires all officers to have an authenticator. Anyone that can invite must have one. Officers usualy have a higher allowance to take stuff out of guild banks. When that cap is reached, sometimes its possible to invite a character and promote them up for bank access.

A close friend of mine maintains a small guild on the side also put this rule into place. So if you are reading this now and you don’t have one, it is time to go get one.

October 10, 2009

145,000G

Filed under: Auction Report,wowbanker — Tags: — Kevmar @ 5:37 am

I realize I have not reported on how my gold is going it a while. The last few weeks really took me out of the game with all the stuff I had going on. Today I finally feel like I am back into it. I do need to make headway into a few markets I was in before. How about we start with a count of the gold.

133,000 in the guild fund and another 11,758 on my characters.

My expenses have been a little higher with the amount of gear I have been getting in raids. I decided to make my 2nd spec shadow and have started maintaining that gear like it was my main set. Full enchants and gems the same day I get it (or before the next raid).

My big investment just before my account hack was Tankard O’ terror. I paid 600G each for 23 of them and some how ended up with only 18 after the recovery. If I just eat that cost, it puts my price per tankard at 766G each for a total investment of 13,800g.

Herb prices have been high so I have invested a bit of gold to keep them up. When the market gets dry, I push it up harder. I know I have the inventory to hold out when I do that. My Snowfall buyer got a good deal this week, except that I was not able to produce all that much ink for him.

I just used 46 stacks of ink to craft my glyphs. So it looks like I am getting my rhythm back with the glyphs.

October 9, 2009

DKP: Trophy of the Crusade

Filed under: DKP — Kevmar @ 5:34 am

I saw some interesting things with Trophy of the Crusade in our bid system. This item was highly under valued to most people in my opinion. We had one person blow everything on the first one we had drop. He second guessed the purchase over vent. Lets say he spent 100 points to keep the math in here simple. That’s about 5 weeks worth of saved points after decay.

He had no emblems and spent everything on this token he could not use for a while. The next one went for 20 points, that’s 20% of the value of the first trophy. The other people that won the next few were people that didn’t have many points. Some of those purchases were questionable. “Are you really going to let him take that” and my response was that they should have spent more points if it was worth that much. But that’s issue for another time.

I sat down and did the math. For the people that only did 25 man raids, they would get 15 emblems per week. In 4 weeks, everyone would have enough to turn in a trophy. Before that point nobody needed a trophy because they could not turn it in. At the prices they saw, they could pick them up when needed and save points for serious items.

Only 5 trophies drop per week. So after 5 weeks, the guild would see 25 trophies. Just a moment ago I said everyone would need a trophy in 4 weeks. So we get badges at a rate faster than trophies. Close to that 4-5 week mark, everyone will be looking to get a trophy. Demand will increase.

I picked up as many of those as fast as I could. I was able to get the 3rd and 4th trophy before I had the emblems to turn in the 3rd. I end up saving a lot of points that way. I was telling people that the price was about to go up but they held off waiting for them to go down more. I picked up my last 2 in the same raid back to back for 41 points each.

Last night I turned in my 4th trophy and the value of them was +80 points each. And everyone is talking about how much they want one.

Access to more emblems in 10 man normal and heroic was also a factor. I think some people spent them for the T9 and other items. The T9.25 pieces are all they have left to spent them on now. I was able to pick the price I wanted to pay. I bid just low enough to conserve points and pick them up when the price was right. When they were going for 1 point over my bid, I knew I was in that target price. Now the people that want one almost have to max bid to get it.

October 8, 2009

Getting back into things

Filed under: Thoughts,wowbanker — Kevmar @ 6:13 am

I am getting back into making gold again. I am going to try and expand out from my usual tricks. I want to be one of those people that only works the ah for 30 min a day and still manages to make gold. I don’t think I am near as efficient as I should be.

I’m going to step down as the guys that controls the glyph market. I put in my time and I made my gold. I am not walking away from it as much as cutting the amount of time I devote to it. One way is to not sell as many cheap glyphs. So I am going to raise my threshold a little bit. Everyone else can battle out at the bottom. But I will be there on the glyphs that can’t be held down or when the prices bounce up or gets reset.

One of the big advantages I had with glyphs was time and patience. I had several things pop up the last 2 weeks that pulled me away from the AH when I would normally be posting and reposting. I just did not have the time. Now that I am getting some of that time back, I think I want to devote it to new areas of the AH. Try and make each chunk of time dedicated to something different, other than just relisting glyphs.

After a few weeks, I will know what is and is not working. I can make some adjustments from that. I am also going to change how much information I give about the things I am working. I love to share information but it also introduces those things to my competition. It makes it hard to tell you how well it worked when I spoiled my results by sharing the information too soon.

When I discover a new market, I will toss it into the queue about 3 weeks out. When I see it publish, I will follow it up with my results.

October 7, 2009

WTS Rune Thread 8G, pst

Filed under: Uncategorized,wowbanker — Kevmar @ 5:42 pm

I have been selling parchment for a while. I mentioned it once and I saw where the Greedy Goblin started to do the same. For a while he posted pictured of idiots buying them that people sent in and he finally had to tell people to stop sending them. I started to sell other items that all the vendors sell.
I can understand some of them that people buy, they just don’t know a vendor sells it. How many people can honestly say they do not know rune thread is a vendor item. This guy wanted them so bad that he picked up 2 of them.
I am kind of speechless.
Update: I just checked another character and saw this. Same guy picked up a 3rd one.

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