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Strategies & Market Trends : The Amateur Traders Corner
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To: Roger A. Babb who wrote (6500)2/26/2001 9:13:05 AM
From: thegreatkazoo  Read Replies (1) of 19633
 
Roger, while I agree with your read of the items on E-Bay, I think there is more to it.

Disclaimer: I am not now nor ever been Long or Short ebay stock, although I have considered a long position on several occasions.

While I agree that very few items on ebay are of the sort or quality that I may purchase, this seems to me to be the worlds greatest classified section. Bringing sellers and buyers together that otherwise would have no chance of meeting. I have bought several items on ebay and experienced huge savings on the items. I am not questioning why they were being sold, but was pleased to have found them.

Ebay to me seems to be the greatest retailing business model there is. No inventory, just a fee for every item listed and sold. Most of the work is done by technology, so the unions can't screw with it. And commodity prices have no relationship to actual earnings.

I'm not sure which auctions you visited, but may I suggest typing in your own computer model in the search area and see the action. I would also recommend that you watch the auctions during the last 5 minutes of an auction period to get a real flavor of the amounts of money changing hands. I am frankly amazed sometimes. Diamonds, coins, and the rest seem to bring considerable amounts to both sellers and ebay on an hourly basis.

Just my humble opinion of course. Good luck to you Roger either way you go! I always appreciate reading your comments here.

Kazoo
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