What is wrong with enchants.

I have recently leveled up enchanting. What is really weird to me, is that a ton of the scrolls i made while leveling are making people lose money. For example Gloves - Exceptional spell power sells for 8g at the auction house. It's mats cost 12g if you happen to buy them all cheap (2g vellum, 4g dust and 2g essence)

From a economic standpoint i can't see any method people use that gives them a profit in this situation. This enchant is just an example as there is plenty of other scrolls where mats price overcome the sale value.

Are people just getting ride of their low level enchants for anything these days?

When wow allowed the group to disenchant greens as they dropped in dungeons enchanting lost alot of value. Youre better off selling the mats once you reach max level. At least ypu get some money with vellums available. I remember in retail enchanting the same piece of armor over and over again.