Thread: Crazy idea from inexperienced goblin looking for advice and opinion on said idea

Hello, my auction house on my server is currently experiencing a rise of people shuffling and having the "i don't know what i'm doing so let's undercut til nobody earns any profit" syndrome

My observations on the situation:
After monitoring for a while I have noticed all these people doing this get their supplies from the auction house which is stocked by what I assume to be botters because they come in waves every few hours and post. The ore is usually all bought out instantly and resets prices but, they don't cost too much and spreadsheet always indicates that shuffling profit is ~60-100g per stack. This is a lot of error room to play with.. To exaggerate with my said idea coming after this I could - Get drunk, spend all my gold on vendor pets, etc and STILL make profit if this would theoretically work.

The idea:
I want to hold all ore that are not dipping profit margins too low (realistically, 50g and below stacks on obsidium/elementium/pyrite(if it drops lower)) to myself until 4.3.
I will buy all the ore as said above and hold it until 4.3
I have the liquid to do this and if gold seems short I can always push some stock out easily.

This is my thoughts that what will occur -
Casual people who have no idea what they are doing will try to farm or back out
The people known as "my competition" who play undercut wars all day and don't just undercut by 1c they drop it by golds at a time. Will scramble for ore and either back out or try to bark for ore.
4.3 comes and I will be filthy stinking rich as demand will have pushed high enough that I can get away with prices I couldn't of if I didn't do this even with a high demand already for the patch.
I will be spending HOURS disenchanting/prospecting which I don't mind..
I cannot even perceive how I can actually lose money on this as the profit per stack is already high. I don't think there's a chance for this to backfire what so ever and I could break even no matter what..
I will not have to do anything to hurt their current stock as they are already hurting it enough themselves.
Short time span = MAILBOX STORAGE!


Notes:
I am on a medium population server and I realistically only have 1-2 big time competition along with random casuals.

Thoughts? Be easy if this sounds stupid and unrealistic. It's simply crazy gold making rambling at 3 am from an inexperienced person

uhhh it's doable...I won't say it's completely stupid...until it becomes completely stupid lol.

For example I once had a COD supplier sending me TONS of Whiptail at a price 15-25g less than the AH. When I say tons...I mean if I had only 200-400k gold...then I would have had a BIG problem on my hands.

We are talking 10-25k worth of Whiptail and Ores per week at a decent price. With most of it being Whiptail. The whole time the AH rarely came down to the price I was buying. So you're only problem here is what you don't know...and you don't know how much stock some of the big players on your server have and where they get their supply from. Also if you were doing this against me then you would still have problems because I would get my mats from the opposite faction.

It's been a WHILE since that COD guy has been around, but at the supply levels that I still have... forget guild banks or personal banks on multiple characters. I can't store this stuff anywhere but a mailbox. It's almost beyond manageable. At first I tried 1 guild with 5 tabs and one personal bank with all Herb bags in it...then I expanded it to 2 guilds and 2 personal banks...around the 3rd or 4th time around, I realized that it was mathematically impossible for me to store all of this and Mailbox was my only option. It sounds ridiculous...but if a guy like me is on your server then you're already in trouble and don't realize it.

I can make gold like a mad-man and at some points I was losing more on my materials than I was able to sell...and remember this is at a very good price VS AH. I was stuck at 1.2 mil for the whole time my COD supplier was around...now I'm ready to go liquid and god help you if you're in my way.

Not to mention you have to almost babysit the AH...also monitoring trade chat for those bulk offers that always come along through trade chat only. ALL that said, my advice is to go for it...it's only pixel gold. It's definitely not for me but that's mostly because I have so much stock locked in at a decent price...there's no point for me to buy expensive 40g or 50g ores.