Subject:
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Re: level of interest in 7151 / Sith ?
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Newsgroups:
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lugnet.market.theory
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Date:
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Sat, 7 Oct 2000 14:27:07 GMT
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Viewed:
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935 times
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In lugnet.market.theory, Steve Chapple writes:
> In lugnet.market.theory, Kyle D. Jackson writes:
> > It's interesting that what everyone is describing here
> > is basically a "stock market".
>
> You're in the right ball park, but it's a commodity market.
You'd probably have to explain to me the difference... Is
it that stocks are paper shares of ownership in a company,
whereas commodities are trading actual physical items? I
was going to put commodities, but only because it sounded
better :] For some of the LUGNETers, I figured they may better
be able to relate to "stock market" than "commodity market".
> > "Market Orders" are when you just say, "get me 20
> > Galaxy Explorers at any cost". If 20 appear, you buy them...
>
> Not exactly. A market order is when you buy at whatever the
> market is currently at. The closest analogy would be Larry's
Well, that's what I meant, but I guess I was ambiguous there.
By using a very rare set like the Gal Ex as my example, there
won't really be a market price, other than what it last sold for,
which could be 6 months ago. So whatever asking price it
shows up for (Limit Sell Order), that becomes the market
value because our buyer is going to grab it. I probably
confused some people with that one..., I just should have
said buy it at market value..., but I didn't want to explain
market value :]
> It's too bad the "LEGO market" is so small - Our system has generated
> a 400%/annum (it's my job to improve that) rate of return on the
> commodities we trade, and it would be great to include LEGO. 8-)
I'm not so sure it's too bad that it is so small. I don't ever
want to see a time when I can't buy a certain set because my
LEGO broker says there's a 20-set minimum per trade! :]
KDJ
________________________________________________________
Kyle D. Jackson, LUGNETer #203, Windsor, Ontario, Canada
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Message has 2 Replies:
Message is in Reply To:
 | | Re: level of interest in 7151 / Sith ?
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| (...) You're in the right ball park, but it's a commodity market. I can't believe I haven't been involved in a discussion like this before. One of the aspects of LEGO that appeals to me is the commodity market angle - I get to buy and sell LEGO. (...) (24 years ago, 7-Oct-00, to lugnet.market.theory)
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