Figures GS is taking advantage of this. CME Harddrive futures go limit rise to new highs CHICAGO, November 7 - Harddrive futures on the Chicago Mercantile Exchange surged as much as the daily trading limit of $340 per terabyte. Goldman sachs taking physical delivery of 1TB disk drives causing major shortages in the global market. * December rises daily limit early to five-week high * January and February post contract highs * Short covering encounters little selling interest
Jokes aside, check out hard drive prices on Newegg, I was looking for a vanilla Seagate 2TB drive to replace one failing in a RAID array, nothing earth shattering, easily available for under $100 all summer - and lo and behold everything 2TB is in the mid $200... I thought I had signed on to the wrong site for a minute (like the prices were being quoted in a different currency or something) http://www.newegg.com/Product/Produ...1305 600003269&IsNodeId=1&name=1TB and higher Luckily I can wait, I wonder if this will affect PC prices for Black Friday and the Christmas holiday
Yes, but this is old news. I was about to buy an external hard drive about two weeks ago and then prices tripled over night... I thought there was something wrong with their pricing algorithms, but I was told otherwise...
hope don't float 4dog. if you were trading hd futs like me, you would have noticed the strong trend in place and been SHORT for a majority of the move. anyways, the hd mkt is too illiquid now, i'm moving on to bananas. i'm now long enough bananas to feed every chimp on earth for a year.
Newegg is already limiting its HD supplies to 1 per a customer. I picked up a wd 1T external the other day at Cosco and was going to return it once I saw a Hitachi on newegg that was 50% off....missed the boat on that one....otherwise sell 5 1/4 and go long the 3 1/2
I read 9 months to 1 year...before HDD prices go back to normal... Western Digital did say "several quarters.."