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Technology Stocks : SHRP: The Sharper Image, Profitable making $ on Internet!

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To: MarieS who wrote (258)2/22/1999 6:16:00 PM
From: Midas   of 353
 
Just a point of info before you get ranting again: I put in a bid on a particular item at a max. tolerance of around double the current bid at the time (I think it was bid around $17 and I said max $35/40 or so). 45 mins later I have already been out-bid. Very short-sighted of you if you don't honestly think we are smart enough to figure out that this thing won't do 100,000 hits a day starting the second it opens up. People that can afford this stuff typically have jobs, many of which preclude them from shopping all day.... and they really, truly do have better things to do than flock instantly to the website. This thing is going to always peak during the evening, and even that needs a little time to grow. I was perfectly happy just lurking here, but your condescending attitude re: the level of sophistication of investors in this stock annoyed me out of hibernation. I will repeat again: you hate it, then sell it. It is reasonably clear this stock isn't going to do a 500% climb in a day at any point soon. Nor is it likely to tank (save for a giant correction of all internet stocks) any time soon. If your patience is wearing thin, I'm sorry. But I/we are not children... and we like our toys. Shit, I made money on BIGE and that crap they sell is focussed on people that can't even afford computers, I haven't looked in months but I believe it is still in-the-money relative to what I paid. Maybe you would find something you like on their site.

You should also consider the excellent info supplied, if you look long term, when and if a particular product only draws a 10% bid (by end of auction period) relative to retail (NOTE: THIS HAS NOT HAPPENED YET REGARDLESS OF MARIE'S BELIEF). You can't buy this kind of market research to help determine what product lines to redesign to meet lower prices or drop completely, etc. Who cares if the odd product dosen't sell... sucks if its a proprietary design (redesign, repricing is a pain), but if SHRP is just re-selling then no big deal, take a few lumps at the auction but don't order more.
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