SRL Archive - SRL Merchanting

Amulet of Magic


JAD

2009-11-20 19:58:08

Hey guys,

I recently just bought over 50k amulets of magic, and am trying to buy more:

http://services.runescape.com/m=itemdb_rs/Amulet_of_magic/viewitem.ws?obj=1727&scale=2

A merchanting clan has been dumping them for a while now, just like in the past. Last time this happened (If you look at the 180 day graph), they "bounced back" up from 530 to 712 in a few days. All items that fall (at least usually) experience this bounce back effect, and it can mean big profits if you time it right.

Right now you can buy instantly at minimum for 493, 5k per 4 hours. I would suggest buying them up, as we can also help influence the price if we get enough people doing it :)

Cheers,
~JAD

YoHoJo

2009-11-20 19:59:32

Bought 6K. Alching more items to get more money to buy more. Tell us when we should dump and ill do it. :D <3 Jad

Mr.Klean

2009-11-20 20:12:55

Ugh, I wish I still had my account but I sold it because I thought I would never play again. Now that I have time again I kind of want to dawdle and all I have are a bunch of less than lvl 30 accounts that are broke from my army. Bah

TRiLeZ

2009-11-20 20:34:55

Interesting… if I baught 13m worth at 493 and sold em around 3 months later, which is when I'm thinking they will jump again, for 890, I could earn ~10m.

I think I'll stick to my secret merch item for now; earns me 300k-800k daily depending on the market.

Nice item to merch though.

n3ss3s

2009-11-21 05:53:37

I could buy 100k of these babies :)

rogeruk

2009-11-21 06:49:16

Looks good. Doesnt look like they going to drop any further. Any increase is going to be a profit.

Ill announce it as a free merch.

Gu3st...

2009-11-21 07:40:07

Bought 5k still 2k more to buy :)

EDIT: TRiLeZ: last time someone merched them they bounced after 2 days

JAD

2009-11-21 11:43:36

From: TRiLeZ
Interesting… if I baught 13m worth at 493 and sold em around 3 months later, which is when I'm thinking they will jump again, for 890, I could earn ~10m.

I think I'll stick to my secret merch item for now; earns me 300k-800k daily depending on the market.

Nice item to merch though.


They should actually jump again very soon. Whenever an item drops significantly (usually through merchanting clans dumping), that item has a bounce back effect around the time it nears its original price again. To prove my point, this has also happened in the past and jumped up about 30%.

From: n3ss3s
I could buy 100k of these babies :)


You should then :D The sooner you get your offer in the better, because of the stupid limits.

kingarabian

2009-11-21 16:04:58

43.6k Magic Amulets in g.e waiting to be bought,

JAD

2009-11-21 18:19:14

Amulet of magic is now not even buying instantly in ge at max anymore. I still have an offer in for 100k more at max and am still getting some.

Glad I got just about 75k of them :)

~JAD

Bionicle

2009-11-21 18:25:32

put in an offer for 6469, all i can afford atm, i hate being poor :p

kingarabian

2009-11-22 07:01:58

From: JAD
Amulet of magic is now not even buying instantly in ge at max anymore. I still have an offer in for 100k more at max and am still getting some.

Glad I got just about 75k of them :)

~JAD


Do you think they will sell back fast..? Cause I mean what use do they really have…

Bionicle

2009-11-22 11:29:46

went up to 533gp last night, made 200k profit almost already (i didnt buy that many :p)

Gu3st...

2009-11-22 11:37:52

From: kingarabian
Do you think they will sell back fast..? Cause I mean what use do they really have…
Each time something is merched they jump up some gp after the dump, and if you then buy them at the bottom then it is possible to earn some gp on selling them 2 or 3 days later.
As you can see at the graph, the amulets already have started rising :)
I think it is a good sign, that is; if we bought at the lowest, or else they will keep going down some more and then jump up in price.

rogeruk

2009-11-22 18:42:06

Trick is to sell while people are still buying, else you are stuck with them

kingarabian

2009-11-23 01:21:50

I bought them for Max, was I supposed to buy for low?

YoHoJo

2009-11-23 01:55:17

From: kingarabian
I bought them for Max, was I supposed to buy for low?


They are going up, so your supposed to buy at MAX now, if you do decide to buy, the 'prime' time for buying is gone, but its still going to be profitable if you buy now!

jakeyboy29

2009-11-23 14:10:42

always buy at max.

Bionicle

2009-11-26 20:16:56

not auto-selling at med price anymore, max is 611

kingarabian

2009-11-28 14:48:31

From: bionicle1800
not auto-selling at med price anymore, max is 611


Do we sell soon?

Bionicle

2009-11-28 14:52:55

From: kingarabian
Do we sell soon?


ive already sold ;) gota check to see if they sold, there going to be dropping id bet soon, may have even dropped last night

Bebe

2009-12-01 11:38:31

Just bought 9k worth. Hopefully I make some money off this lol

YoHoJo

2009-12-01 11:42:29

From: Bebe
Just bought 9k worth. Hopefully I make some money off this lol


Waaaaaaaaat!? Its too late now BeBe a little spike has already happened and I think that was the time to sell, but hmm its falling again, and another spike might happen, good luck!

@Jad, <3 make 340kish off of them, thanks.

Bebe

2009-12-01 12:02:59

From: YoHoJo
Waaaaaaaaat!? Its too late now BeBe a little spike has already happened and I think that was the time to sell, but hmm its falling again, and another spike might happen, good luck!

@Jad, <3 make 340kish off of them, thanks.

Yeah I know, I seen that and that's why I decieded to buy now. I'm going to let them sit in my bank for a bit till it spikes again.

Also I'm using your Powerminer to raise my mining from 60 to 70 :p
I'm bored haha

YoHoJo

2009-12-01 12:15:15

From: Bebe
Yeah I know, I seen that and that's why I decieded to buy now. I'm going to let them sit in my bank for a bit till it spikes again.

Also I'm using your Powerminer to raise my mining from 60 to 70 :p
I'm bored haha


Yeah, hopefully it spikes again for you, pretty sure it will, price is too low, just gotta be patient it will happen.

And woo sweet, let me know about how it runs on the thread please!