for the most part those 208 SOs with oil at 210 are 1 unit SOs set by oilers in the hopes that they will force buyers into thinking they have to buy those 210s and above since bid is so close to ask.

in reality, demand is much lower. no need to fall for these nub oil tactics!

http://media.giphy.com/...a/R6bDgXEXCLcIw/giphy.gif

Don't fall for Vic's nub tactics to try and crash the oil market!

I don't get how you can 'trick' anyone. What you're describing is just a low bid-ask spread because the seller is both the buyer and put quotes for selling slightly under their high selling price.

Buyers, either manually typed or using an S.O., don't buy at a price higher than the one they see on the screen. Sellers don't sell lower than price set.

In your example, lets say there are 10 SO to buy 1 unit oil at $208. and I am selling to you at $208 for 1000 units, then 8 units of my oil will be sold and then the other 992 will be waiting until someone buys it.

Just because the price is high and the spread is low between the bid and the ask, that doesn't "force" people to buy though. They buy when they have a demand for it and the price is right. If the price is not right, market theory will suggest they put in their own S.O. to buy much lower at a price they like.

People don't just magically buy because these two conditions are met: [i] Artificially high price and [ii] small bid-ask spread.

great 59th post cronie.
in a static environment you are totally right. and you are also right in that there is a flawed logic of those putting up 1 unit SOs close to asking price - it is wildly inefficient and ineffective ...
but that doesn't change the overwhelming fact that this is exactly what is happening when you see 208 SO and oil at 210.

the guy doing it told me it was him for a fact.

and ya, just because you are revealing the major flaw of it all (when someone actually sells to that SO and it doesn't fill, and prices just fall), it is exactly what is happening. so i'm glad you agree with me that it's stupid for anyone to buy these 210s just because the spread is artificially low at first glance.

and to be fair... there are instances where this tactic works in earth. end of set good players will wait for mil tech to fall below 1000. But there is still decent demand. When I had a lot up at 1499, SOs were at 600 and there was still a day to play. Put up an SO at 1385 and minutes later my hundred of thousands block of mil tech was bought up (and I spoke to the lafer who bought it ... who confirmed he panicked that someone with the 1385 was going to pick up the last lots of mil tech). throw the econ 101 text book out the window when you're talking earth

I'm just a student on the game and I heard this said a few times already but never quite understood how one could be tricked at all.

But sometimes it could be natural why the bid-ask spread is low. If say the private market is $125 for buying troops. Then the buyer will put S.O. of $120 or lower. The seller will realizing that sell at $120. So this leaves buyers bidding anything lower than $120 and sellers asking at $120. Over time people squeeze their S.O. just under $120 but not quite at $120, leading to the low bid-ask spread.

The scenario you describe seems to be situations where there are high demands and lots of funny money to spend when people are scrambling. So any high price will be sold. Sure, but I don't see how the 1 unit S.O.'s come into play in this high demand low supply scenario?

Basically I still don't get it.

celphi much?

you are assuming every move everyone makes in this game is an intelligent one. it isn't.

The size of the market in a game this small everything is situatious. There isn't really any stabalizing force in numbers like there use to be and it will only get worse unless the bots can figure out how to not be landfarms.

also - who said high demand scenarios?? this oil is a low demand scenario, which is why the person wanting to sell oil higher than demand will dictate, is trying to quickly fool someone who doesn't look at detailed market info (lots bought and sold). the easily fooled player will not realize demand is low and will not realize that those 208s are not strong lot bids. the easily fooled player will say "oh damn, someone wants to buy those at 208 and the price is close to that, it must be a good price".

it happened on wall street all the time before regulations tightened. artificial bids and artificially lower spreads sometimes force buyers into thinking they are buying into a rising market, when in fact it may be little demand and falling

I still do it on craigslist. I'll post some fake ads to snag me some extra loot in a sale by asking higher prices, or lower the market value of some tickets or something by flooding lowe priced listings.

I do what I want.

i like to set 65000 standing orders when the market is empt for lols

anyway i see 6 total oil transactions in the last 5 hours

its no where near as bad as stock market, where you can put an order then cancel it before it gets filled, faking demand, though here we dont know the size of orders

also we dont have dark pools except in FA

I've sold my oil at 190 pretty much all set, but I need it more than netters :P

Its also a signal to other sellers. If you put in an SO close to the current selling price (vs. far below) it makes others selling less likely to price lower.

Cronie must have some expierence in the financial sector.

Remember, all new SOs regardless of price are put at the back of the line (bottom of the stack) when a new lot of goods comes available, the SO at the front of the line has first dibs on the lot. If the ask is higher the bid, it the right to purchase moves on the down the "line" of SOs until one SOs bid meets the ask. ***Once any purchase is done by a SO that reminder of the SO moves to the back of the line, just like issuing a new one.*** It took me a while to fully realize the full ramifimcaitions of that last point.

freefalling market is fun

https://media.giphy.com/...a/8WkBEVj8UWGic/giphy.gif

cronie if your new to the game, the market used to be last in first out

that made for interesting selling