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Message-ID: <3909DF3F.B5748D45@xxxxxxxxxxxxx>
Date: Fri, 28 Apr 2000 11:58:42 -0700
From: ericrogers@xxxxxxxxxxxxx
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To: brente@xxxxxxxxxxxx
CC: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Gen: A bit off topic EBay Auctions
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Prosper;
Having been an auction junkie in my younger years I can relate to what you
saw happening. The problem
is people have no conception of what an item is really worth. I have seen
cars at an auction go for more than
you would pay at the used cars section of a new car dealer. At the auction
you are taking a big risk even
buying a car let alone paying top dollar. People get caught up in the
euphoria of the moment and they see
the car they want being bid above what they wanted to pay. But they want
THAT car and bid more than they
planned to pay. This relates to the public at the auctions, the dealers
know the maximum they will pay and
usually do not chase a price. In the market the same applies, that is how
tops are made. Determine the
price you will pay and stick to it. There is always another day and another
auction. If you have patience
and are not in a rush, you will win. Sort of like the stock market. I
remember a car I bought that the
dealer wanted $44,000 for. Kelly Blue Book wholesale price was $38,100. I
bid $38,500 and bought it
without the dealer even counter offering. Never buy a used car at the dealer
price, most cars trade at
or slightly above book wholesale. Further information on how to negotiate
for a car purchase email me privately.
I used to deal in used cars as a sideline.
Norman E.
Prosper wrote:
>
> Hi,
>
> I was wondering if anyone from this group has had any luck bidding on EBay
> and buying commuter components at a substantial discount. I thought I'd try
> to upgrade my old computer to a 233mhz CPU from it's current 166mhz chip.
> The retail price for a new 233 is about $40 so I don't want to bid more than
> about 25 bucks. I started watching the actions and even submitted a few
> bids. Time after time the bids go up to, or even exceed the retail price.
> That makes me think that the actions are rigged or at least that there are
> shills bidding the prices up. Your helpful feedback appreciated.
>
> Prosper
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