Market Fallout After Epic Post
Yesterday I posted 50 Easy Items to Flip, which caused massive unrest amongst all 50 markets.
Before I get into how these items have moved in the past 24 hours, let me just say thank you to all the people I found who linked to that article.
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Some of the 50 items have already seen increases of 20 copper for minimum buy orders. Anyone who got in on these early will have some fast and easy gold from those markets. These are all the people jumping on the bandwagon attempting to make a quick gold.
It is best to ride the current storm that we've created and be wary that the buy order price will eventually go back down (in most of the 50 cases). Keep in mind that thousands of people have been made aware of these killer flipping markets. So it may take a week or two for interest to die down and for maximum profit to return. That being said, in may cases you will still be able to turn a profit off whatever items you manage to acquire (if you're late to the party).
Don't be discouraged if some of the markets have become unprofitable. By Friday their price will rise enough to at least make something for your efforts. And by next weekend the difference between highest buy order and lowest sale order will hopefully be relatively normal.
Depending on how far along you are in the flipping process, your strategy will be different:
1. You bought early and fast, placing buy orders as soon as you were aware of this post (forum goers had a week long heads up to prepare).
If that's the case, then you're going to want to continue holding on to your items until their buy order prices will earn you a profit. At that point, feel free to sell most of your stock to people who are placing buy orders. If you want to use the selling price and undercut by a copper, I would wait another week.
2. You bought late or are buying today.
Place your buy orders at the current highest amount. Don't overcut. Then, on Friday and Saturday of this week attempt to make back a small profit. Anything that doesn't sell can be sold next week. Avoid placing too many buy orders on items that are already close to the lowest sell order.