Under Cutting on the AH

<rant on> Please for the love of god STOP under cutting by +50%

I have seen mostly Level 4 materia going from 400K down to 50K just because people want to sell theirs first (IE be at the top of the list)

If you want to simply be the cheapest/top of the list. how about starting with under cutting by 10/100/1000 but i have seen the first under cut going from 300K to 100K. it doesn't help when the prices plummet due to this and don't recover right away. (snow ball effect)

I understand there are alot of people who are starting to spiritbond gear and selling the materia but cmon under cutting by 50% is just crazy. <rant off>

I think there more "resetting" then trying to sell for profit.

Buy it and resell=profit!

I had a Battledance IV materia up on the MARKET BOARD (not the Auction House anymore. I'm sorry. It's changed. QQ) for 3 weeks for a decent 130k. I kept adjusting the price to be in the "middle" of the MARKET BOARD price range. 2 Weeks of this, no one's buying.
I eventually caved, set it for 55k, and I sold it within the hour.