Procurer BPO Speculation ResultsPosted: 2012-09-17
In a previous post, I described the research and assumptions that lead me to speculate on the prices of Procurer BPOs. After 5 weeks, I’ve been able to sell off some of the BPOs for a nice profit.
Market speculation in Eve is high risk and high reward. I always proceed cautiously and try to verify as much of the speculation discourse as possible before making a move. At any moment, CCP could make a change and all your research will be moot.
I was able to offload 6 out of 20 BPOs after the 1.2 Inferno patch for a nice profit.
20 total BPOs purchased at the old NPC price of 450 M:
- 6 BPOs sold in Jita at rising prices for a profit of 3.8 B
- 2 BPOs on sale in Jita
- 2 BPOs in copy slots to make BPCs for future Invention jobs
- 10 BPOs remain idle in the hangar
Jita Market Post Change
The market reaction went as expected. Pre-patch there was a lot of market activity as news got out about the change. Market speculators got in and started to buy up stock.
After the patch, the BPO price slowly rose towards the new NPC price, a few large players came in to reset the price to a new plateau, and the volume of trade decreased as demand went down.
The key to a good speculative move is to get into the market while the price is the same or unchanged and then attempt to sell off your stock before the level of trade leaves you with dead stock.
The top highlight was me winning the 0.01 ISK game of the Jita market.
On the 26th, a trader with a lot of cash came in and reset the price to closer to the new BPO NPC price. I moved 3 out of 6 of my sales on this date.
Here’s a snapshot of my trades including the profit.
I’m sitting on 10 idle BPOs at this point. Since my pressure to convert these to liquid ISK is low, I will keep them in my hangar. I am in no rush to sell these off and I can put them into other industry ventures, such as copying or Skiff invention.