Sep 23rd 2012, 4:34:35
The problem is still SO's are real time and sell price is delayed 6-8 hours. If I'm going to make a grab, I'm not going to put up a SO and wait 6-8 hours for it, instead I'm going to buy what I need at the moment if the current price is anywhere decent.
I often put a fake 1 order of oil at $1 under what I'm selling at. But I don't know what ppl have sold at in the past 6-8 hours so it often gets wiped by someone selling at the previous ridiculously low price.
"The problem is, while this creates additional oil demand initially, it simultaneously reduces oil demand by the same amount for the subsequent days since I'm already stocked up"
^Isn't that saying oil demand is inelastic in that the qty used in a reset remains constant regardless of price (up to a point)?
I often put a fake 1 order of oil at $1 under what I'm selling at. But I don't know what ppl have sold at in the past 6-8 hours so it often gets wiped by someone selling at the previous ridiculously low price.
"The problem is, while this creates additional oil demand initially, it simultaneously reduces oil demand by the same amount for the subsequent days since I'm already stocked up"
^Isn't that saying oil demand is inelastic in that the qty used in a reset remains constant regardless of price (up to a point)?
Originally posted by Xinhuan:
Are you guys stupid or what?