For arbitrage plays, last night, I bought 4x Needle Drop for 0.016 total, and sold for 0.15 tix. That’s a 0.134 tix profit! While that doesn’t sound like much, it’s potentially 3 or 4 new potential specs that we can now buy into!
This morning, I made three more hotlist plays. One didn’t work out, Radiant Fountain, so I’m now “invested” in 4 copies of the Magic 2015 land for 0.016 tix. But this card is on hotlists enough and actually sees play in a couple different formats, so I’m OK with wasting that little bit. The other two buys worked out, 7th Edition Shock at 0.01 per and Diabolic Tutor (again!) at 0.003 per. For only a 0.052 tix investment, I came out with 0.24 tix. Even with our little failures here and there, these plays bring us to a new total of 0.879 to spend! So we can go a little deeper now.
But as for Lannery Storm, she fell to 0.08 tix this morning! We can cash out for 0.07 tix each, but that means we lost half of our initial 0.56 investment! It’s OK, though, we’re not going to panic.I’m holding at the moment. Here’s why:
Ebbs and flows happen with cards like this all the time. Cards in Standard that hold some promise tend to see some back and forth movement. Since Storm isn’t currently seeing any play in top decks, people decided to cash her in at 0.13 tix each, so now the stock is back up. However, because there are still buyers at 0.07 tix when she’s retailing at 0.08 tells me that this is not a card to dump just yet. She has enough upside that I’m willing to risk her dipping to penny status first before she hits it big.
Remember, my price target on Storm isn’t that aggressive. I’m happy getting 0.25 tix per, so I’m not going to get greedy. But we definitely need targets that quickly appreciate so we can move on and build our portfolio fairly quickly. Our top spec cutting in half so quickly hurts, but I’m going to see if the new low price gets people to buy in again. It just takes one deck to 4-0 a daily event...
Since our arbitrage plays are making us some quick gains, and others are still in reserve just waiting for the hotlist bots to want them again, we can actually still invest in a couple more things today. However, I’m happy to sit today out. There’s no reason to go deep in anything at the moment with our small bankroll. Perhaps I’m feeling a bit of regret in the Lannery Storm purchase not turning us a little profit quickly, but this is part of the game. I’m willing to wait a bit longer and see what the weekend brings!