Friday, April 29, 2016

The Citadel Age Begins

Monty Python's "Money" song - video

I thought it was worth doing a quick update to let you know how sales are going, since I've been banging on about this damn PI stockpile for a while now. The short version is...pretty good! I was hoping for all six products to see soaring prices in a buying frenzy reminiscent of feeding time in the shark pool, but that didn't happen. Still, the prices are mostly at, or slightly above, the price points I wanted.

I'm selling Nano-Factories and Sterile Conduits for about 2M isk and Broadcast Nodes for 4.5 - 5M. I haven't really touched my Wetware stock or Integrity Response Drones yet. I've sold, in total, about 1/3rd of the stock I produced for the Citadel launch.  I think prices will hold steady, as the buy orders are pretty healthy for these items, so these levels may be the "new normal". I'll make a nice profit even at these levels, but I'm counting on spikes, the way Broadcast Nodes hit almost 5M yesterday, to sell into.

I also fat-fingered one order and sold 250 Nano Factories for 199K isk, losing 450M isk. Ah well - coulda been worse; I'd considered selling 500 in that order!

The new tax regime CCP has imposed on all NPC stations really hits you when you look at Jump Freighter trading. What was 200M in fees/taxes has become 400M in fees. The buy/sell spread on all four freighters has now moved at least that far apart. I'm actively trying to buy them again, because the spreads are up to 800M now. I'm still buying plex too; I got one for 900M yesterday and will keep picking up one a week, as my dollar/isk-cost-averaging plan suggests.

It will be interesting to see if much trade moves to citadels near Jita. They take at least five days to come online, so the first ones are no doubt cooking right now. Personally I'm not planning to move. Citadels can be attacked and the recovery of your stuff depends on someone putting up another Citadel in the same system, or waiting twenty days for it to go to another NPC station, at which point you have to pay 15% of the value of the goods to get them back. I've got ninety-thousand pounds in my pajamas, I 've got forty thousand French francs in my fridge and I've got 65B ISK of stuff in my Trade container. I'm not keen to pay 9B to get it back.  I don't mind knocking 3% off my profits to keep it guaranteed safe, or even 5% when CCP get around to pushing it up to that level.

After I've sold this pile off I'm going to revamp my PI operation to be less...intense. A friend has a PI wormhole and I'll move my PI alt there to make whatever he can from scratch. All locally sourced, no more 0.01'ing buy orders at Jita for me, at least not for PI materials. I'll do the same on my main too, since his PI skills are high enough that it's worth continuing, albeit at a slower pace.

I'm preparing a few fit ships that are ready to go into various PvE activities, the kind of sites we get in our local area. Besieged Covert facilities, 3, 4 and 5/10 Serpentis DED sites and maybe C1/C2 wormholes.