Following on from my recent posts about market competition, here’s the latest:

My original plan was to suffocate my competitor by cutting off his supply of raw materials and forcing him to post below his cost price. This worked for a couple of days but, as is often the case, circumstances have changed. The volume of ore available on the auction house this week has increased quite significantly on recent times making it virtually impossible to close this avenue.

However, my competitor has also changed their posting schedule. Earlier this week we were posting at the same time resulting in constant back and forth undercuts, however the last two days it seems s/he is now posting a few hours after me. I’m happy with this because I generally post first, giving me a couple of hours of sales at higher prices. I’m not sure if this is going to last or not, time will tell.

Somewhat interestingly, Foo has been posting a couple of articles the last few days discussing Auction House campers that reflect my recent experiences very closely. Needless to say I’ve been reading his thoughts on this subject and seeing if any of his ideas will work in the gem market. There are a few that I have adopted, mostly in regards to walling at a price that nets me a reasonable return while forcing my competition to post lower than me.