Being informed

May 06, 2009

These days, being informed is one of the most important things in ones life. Without information (and i am talking about massive amounts in comparison with what humans had at their very begining).

In WoW this is translated by auctioneer/any other kind of addon that gathers that information. And it is your responsability to read it. Greedy Goblin has written today that he is moving to another server (Stormscale that is) and how prices are there. Ironicaly enough, when i started this blog, i tried my experiment on Stormscale horde side. While at the begining, working with the small things it worked ok, after that it was just stationary, and i mostly abandoned, going back to the so called "big business" i had on my server.
All of this is information used properly, and the Goblin knows well that on Stormscale the things might not go that well as it was on his initial server, and those 5k gold promised to the guild every week will go just that far, however he is most probably covered for at least a year from now, considering he will sell just a mechanohog once a month + extra other things.

However every now and then we find people that are against information, and into some extent they are right. The more information about something you have, the more responsability about that "something" you get, and in the same time it gets more complicated.
While for an average user, the Auction House is just for selling greenies, buying stuff they need, etc at an market price (or not even at the market price) they are simply not informed about how the market they buy on, and they dont care eiter. For them is simple.

The information you get by scaning Auction House, or writing down the prices for the items you want to bargain with creates a burdain. An perfect example was when i controled for a week the Mageweave market.
There was a guy selling imense amounts of Mageweave Cloth at 4g / stack just after a month or so with a steady price of 6-7g. I just bought off all that he had, for an entire week totaling 250 stacks i think. While this is an stupid move, for me it was just an 1.5 k gold experiment at max. After that i relisted the whole thing 20 stacks at one time for 9.50 g bid - 9.87 g buyout.
At first there were still people putting Mageweave on daily basis at 4, 5, 6, 7 gold a stack, and i was just buying everything out and relist at my price. After a week i started to sell, and in another week i sold all my stock keeping the price at 9-10g / stack. This was a bold move, but i got over 100% profit over in about 2 weeks and a half. And i did it with regards to the reliability of the information i had.
There is an margin error that becomes more acceptable with more info you have. I would not try this with Titanium Ore/Bar ever for example.

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