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people are deff manipulating prices on stockx , even if its not stockx themselves doing it. fake bids , fakes ask are there to try to get to people to sell low.
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I “get to” proffer any hypothesis that I want. I use both services. I watch them often enough. I’m also astute on how markets work. You’re very protective and close minded about this, I must say. Until we see who the buyers and sellers are, or at least some attempt at stamping them w a vague identifier, both systems will always be fair game to be criticized for NOT being transparent.James Beam III: there is no evidence to suggest that it isn’t (being manipulated)
That's not how it works, at all. You don't get to state a conspiracy with almost zero evidence and then go "prove that I'm wrong." The burden is on you to prove your claims are true, period.
Explain to me why OW shoes suddenly rise by 50%?
Supply and demand. Besides, which OW rose by 50%? The Original Ten has risen between 100% and 400% and there were various instances of "sudden rises". If you followed the OG 10 at all, none of this should be surprising.
The black Prestos and UNCs have recently gone up 10 to 25%. This isn't unprecedented.
By the way, prices went up on all platforms. Prestos in my size are over $1k at Flight Club now.
Prices going up on all platforms is evidence that small arb opportunities should be closed. Why would any one platform be wildly different in price, assuming similar transaction costs, for a sustained period of time? So if a UNC rises to 800 on StockX, it’s not staying at 650 for very long, if so then I’m closing that dislocation in short order.I “get to” proffer any hypothesis that I want. I use both services. I watch them often enough. I’m also astute on how markets work. You’re very protective and close minded about this, I must say. Until we see who the buyers and sellers are, or at least some attempt at stamping them w a vague identifier, both systems will always be fair game to be criticized for NOT being transparent.
Btw goat prices following StockX is just evidence that small arb opportunities get closed, there shouldn’t be huge differences in the pricing on the platforms for any long period of time. Arbitrage opportunities exist to be closed in short order.
but what about a $50 rise? I get the bigger spreads but what about the smaller spreads. Especially with fees it doesn't make sesnsePrices going up on all platforms is evidence that small arb opportunities should be closed. Why would any one platform be wildly different in price, assuming similar transaction costs, for a sustained period of time? So if a UNC rises to 800 on StockX, it’s not staying at 650 for very long, it’s therebeen we I’m closing that dislocation in short order.
Goat and StockX have minor price differences, never large enough to make it worthwhile to buy on one to immediately sell on another w transaction costs. Most sophisticated sellers use both systems and sell on whichever is best, ensuring that one doesn’t move that far out of whack with another.who closes those arbs? retail (making pennies?) do both Goat and Stockx monitor other platforms and make purchases? Based on what parameters? $30 over ask $40 over ask? Is stockx the leader in market transactions and Goat follows stock x? I got a lot of questions although I don't think it's impossible.
I remember a member of this forum, cant recall username, saying he does this exact thing when he buys from stockx.people are deff manipulating prices on stockx , even if its not stockx themselves doing it. fake bids , fakes ask are there to try to get to people to sell low.
I “get to” proffer any hypothesis that I want. I use both services. I watch them often enough. I’m also astute on how markets work. You’re very protective and close minded about this, I must say. Until we see who the buyers and sellers are, or at least some attempt at stamping them w a vague identifier, both systems will always be fair game to be criticized for NOT being transparent.
Btw goat prices following StockX is just evidence that small arb opportunities get closed, there shouldn’t be huge differences in the pricing on the platforms for any long period of time. Arbitrage opportunities exist to be closed in short order.
1) my guess is StockX is doing pretty well, although I’m surprised they haven’t raised more in a series B VC round. I think it’s a nice little business and the play is to merge w Goat eventually, and ultimately sell to eBay or Amazon. My rough guess is that net, it’s a 10mm operating profit business right now.Sure. But your claims aren't backed up by any evidence so they're not worth much.
Think about these two questions:
1.) How is stockX doing with their current business model (12.5% of every transaction; they get paid instantly but don't pay out until after the shoe ships out; shoes come in and go out the same day so they don't have carrying costs)?
2.) What would happen if word got out that they were manipulating the market?
I'll share my answers: They're doing AMAZING with their current business model. If word got out that they were manipulating the market, they could potentially lose a ton of their customers.
So, it doesn't seem to make sense to take that risk. And since it doesn't make sense to do it, I need some hard proof to even entertain that idea.
but no way the black prestos should have jumped like that and no way the UNC 1s should of jumped either, it is crazy whats going on.
Serious question. what has happened in the last week that made the intrinsic value of a UNC 25%+ higher than it was last week? You could’ve bought it all day long the last month in the 600s. Was it “news” that it works eventually stop being released? No. There is no reason. My hypothesis is during the release window, StockX stepped in on some trades to keep it low, knowing there is demand for it (they see the bids). Now, they can release that proprietary inventory at higher prices, and make the transaction fees too. It’s big business. Do this hundreds of times in 20 popular shoes making an extra 100 here and there. Put a multiple on that extra “profit” in your next funding round and you have reason enough.Why not? It happens often, it's fairly normal.
1) my guess is StockX is doing pretty well, although I’m surprised they haven’t raised more in a series B VC round. I think it’s a nice little business and the play is to merge w Goat eventually, and ultimately sell to eBay or Amazon. My rough guess is that net, it’s a 10mm operating profit business right now.
What you described on getting paid is called “float” and is a way many businesses make money. Seamless for example collects your money for the food you bought, and doesn’t pay the vendor immediately, does so on a monthly basis. Insurance is a float business. StockX uses the power of float by delaying payment, sure.
2) what would happen? It wouldn’t be good. Hasn’t word already gotten out that they allow fakes, and employees have been wearing shoes for fun? How many market makers and fin institutions have manipulated prices and “word got out”?
There is a shadiness to StockX and how it operates. It’s convenient as heck for buyers and sellers. But it is opaque as heck too, and it’s price movements SEEM coordinated.
Serious question. what has happened in the last week that made the intrinsic value of a UNC 25%+ higher than it was last week? You could’ve bought it all day long the last month in the 600s. Was it “news” that it works eventually stop being released? No. There is no reason. My hypothesis is during the release window, StockX stepped in on some trades to keep it low, knowing there is demand for it (they see the bids). Now, they can release that proprietary inventory at higher prices, and make the transaction fees too. It’s big business. Do this hundreds of times in 20 popular shoes making an extra 100 here and there. Put a multiple on that extra “profit” in your next funding round and you have reason enough.
Just scour social media. prob some Kpop star rocked da UNC or back to school shopping.
I can literally make up a "theory" and yall would buy it.
In da end, take this stockx talk to the resell thread.
Wasn’t there a rumor about a shadow 1 that Virgil was working on?
that's one of the strangest things i have ever read on here.Just doesn't seem right lol selling jordans for prestos.