Brerah

Ebay, i love you

Now, why I may not always put out information worth reading, this site should be sure to give you something to laugh/think about. www.mattymattsax.blogspot.com

When I was a student at OU, I vaguely remember this concept called arbitrage. It was used mainly in the context of buying and selling stocks, or playing the market in a way that was guaranteed to make money. As you may or may not know, to do this in stock market is nearly impossible (unless you have inside information) because by the time you hear news about something, the stock price has already reacted. However, there is still a very fair and sometimes easy way to do this. It is called ebay. Because of the popularization of ebay in recent years, this is actually easier than it might seem. Some people refuse to use ebay because of the seller fees, and so they still are trying to sell stuff through online bulletin boards, or perhaps even online classified adds.

So here is my story. A few weeks ago I saw a great deal on some snow skis at an online bulletin board so I bought them. I was well aware what they were worth on the ebay market, and i figured i could make a little cheese. I bought them for $325 which included shipping, and then I skiied on them for a few days in New Mexico. After the ski trip, I put them up on Ebay and sold them for $495. Man, i was excited. The price went up $100 in the last 20 minutes. That was a nice bonus. As far as I can tell, I think that is what I would call arbitrage in the open market.

Holla

posted by corbs @ 4:07 PM