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Secrets of the Grand Exchange

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Posts: 220 Silver Posts by user Forum Profile RuneMetrics Profile
I enjoyed reading the guide but I was wondering if anyone could clarify me on something. I have been worrying because I have lot of kwuarm potions and lots of clean kwuarms. This is because I made half of my kwuarms into potions until I realised the actual price I can instantly get for the potions is LOWER than for the kwuarms. Is this likely to be a temporary situation because someone is selling kwuarm potions really cheap (3.093 gp to be exact) or is the price of the potions going to drop drastically tomorrow (their price has been rising everyday so this situation is confusing me). Can this also be some kind of price manipulation?
I am a bit worrying because I can pottentially loose some millions over this (just because I wanted to get from 54 to 57 herblore without spending money).
Anyway, nice guide and I hope someone with more experience with the ge than myself can give me a probable answer.

04-Nov-2012 00:47:27

Finance
Apr Member 2012

Finance

Posts: 56,428 Emerald Posts by user Forum Profile RuneMetrics Profile
It is hard for me to make a comment on that specific situation because I don't regularly trade kwuarms.
My best advice is that if the price continues to be lower than you expect for several hours (keep buying a few more to test), most likely they've peaked and are starting to head back down. Up to you to decide if you want to sell or wait for a possibly higher price.
Hope that helps. :o Reprofiled.
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05-Nov-2012 06:18:56

Skyclad Jedi

Skyclad Jedi

Posts: 3,875 Adamant Posts by user Forum Profile RuneMetrics Profile
An excellent guide.
One thing you might mention is that upper margins are almost always "harder" that lower margins due to the fact that we *an sell an unlimited quantity at a time, but can only purchase limited quntities every four hours. So the upper margin will tend to vary by a small amount, while the lower margin fluctuates up and down a lot more.
So for example, suppose Item is rising. Price-checking reveals that guide price is 4000, instant sell is 4500, and instant buy is 5000. I would sell my goods at 4995 and place an offer to re-buy them at 4100. This is because the lower margin is much more likely to drop than the upper margin is to rise.
Vice-versa if the price is dropping.
Also, because of bot-dumps, lower margins can often drop a LOT with heavily-botted items like chinchompas or gold ores. So leaving a low-ball offer in overnight can often provide quick profits the following day.

06-Nov-2012 23:07:15 - Last edited on 06-Nov-2012 23:09:25 by Skyclad Jedi

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