On my server there’s a somewhat famous (at least among us AH resellers) toon named Erosonne who seems to be a significant presence in every single market at once. I’ve long since concluded that he was either a guild bank toon or gold seller based on the sheer volume of his sales.
However one thing that confused me was when he single handedly tanked Chilled Meats market. For weeks I watched him unload 25-50 auctions of the stuff at a time pushing the price ever further down. From 45s a piece, 35s, 32s, 28s, 18s, 12s… crushing the market with a steady unrelenting pressure by posting truckload after truckload.. until one day he stopped and the market bounced back up.
Now the thing is I can’t figure out is… why? The artificial depression was quickly filled once the level of supply was gone, so he could have doubled the money he made simply by stringing it out a bit. Chilled Meats is a quick selling market so it’s not like he’s trying to offload rare pets (side note to Enchanted Broom: SELL CURSE YOU!) and his inventory would still have emptied out soonish.
The way I see it either he
1) Wanted to clear his storage toons out in a week rather then a month and was willing to eat a 35-65% loss (relative to what he could have made)
2) He knows something I don’t
I mean I made some cash by purchasing meat on the downturn and selling during the bounce (alas not as much as I should have, not knowing what was going on scared me off a large investment). But I just can’t see his motivation… when one of the largest sellers on your server makes a crazy mistake like that you just start to wonder.
What I’m wondering is it possible to tank a market, switch from selling to buying at the low point… and make money?
I wouldn’t have thought so but it’s all I have without going into the inexplicable.