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 Replies: 5 / Views: 1,712 |
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Rest in Peace
United States
2684 Posts |
Here's a pretty good reason why ebay doesn't do very much to curb fraudulent sellers: http://www.forbes.com/feeds/ap/2005...2149493.html ebay claims it has increased its responsiveness to complaints from honest Sellers about bad auctions, but we know better. As a stockholder, the above article paints a rosy picture for my stock value, but any profit-per-share income and increases are NOT passed along to us shareholders ( ebay maintains it needs the profit for reinvestment capital which may or may not be true; this rationale is now outdated and running out of credibility) and are far too much also on the backs of the buyers who have been swindled. |
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Valued Member
United States
254 Posts |
I don't dabble in ebay too much, but I read all of the posts here about the various problems therein. Would it be a wise move perhaps to frequent alternative auction sites? I don't think it would change ebay at all, but perhaps a sufficient coin base could be established at a secondary auction site. A few off the top of my head include Yahoo, Bid Coin, and Overstock. Would any of these (or others) lead to fewer problems? Regards, ~neuron |
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Rest in Peace
 United States
2684 Posts |
quote:
Originally posted by neuron
I don't dabble in ebay too much, but I read all of the posts here about the various problems therein.
Would it be a wise move perhaps to frequent alternative auction sites? I don't think it would change ebay at all, but perhaps a sufficient coin base could be established at a secondary auction site.
A few off the top of my head include Yahoo, Bid Coin, and Overstock.
Would any of these (or others) lead to fewer problems?
Regards,
~neuron
If any of the three had even a reasonable percentage of the size of the coin viewing/buying market that ebay has, I'd say "Yes!" in a Yankee second, but even collectively, they draw only a tiny fraction of the number of coin buyers compared with ebay. The buying numbers just aren't there. Of the three, my personal choice would be Overstock since they seem highly receptive and responsive toward keeping their sellers honest, but its coins auction listings number only 4800 total at the moment, a very tiny figure compared to ebay. The only way Overstock could compete with ebay in coin auctions would be a massive exodus of us coin sellers/dealers from ebay to Overstock, something that just isn't gonna happen within the foreseeable future unless, somehow, we could get organized enough to act in concert with each other and make such an exit from ebay all at once. That would focus their attention and clarify their minds wondrously. |
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Rest in Peace
United States
2684 Posts |
BTW, ebay's stock at the moment has risen in value due to this unexpected rise in profits to $41.03 per share, the first it's been above $40 in many weeks or months. As an investor, this is good news for me personally -at the moment, I'm about 20% in the black after months of my investment hovering right around zero percent or a little in the red- but I'm painfully aware that ebay scrambled very hard to get its profit figure looking good again (like it did last year) by ignoring the fraud sales and its other problems as much as possible (i.e., pretending they don't exist) and a hard-sell public relations blitz. Long-termwise, I'll probably keep my ebay stocks. At least on paper, the stocks' potential is second to none. However, the fickleness of the stock market in general (the DOW is taking a small bath today) and the inanity of stock analysts' reports might keep ebay's stocks from realizing this potential. |
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Forum Mom
 United States
5877 Posts |
I have been watching the 3 auctions sites that you mention and, as Fred says, the traffic just isn't there. Also, what I consider to be truly collectable coins (not moderns) are few and far between or they are started ridiculously high. I have noticed that ebay's coin listings have been dropping steadily since February. Their coin listings are roughly half of what they were pre-February. Even taking the summer season into account, I think a lot of this is due to ebay's poor management and fee increases. I have been seeing more and more fraudulent listings also (with ebay acting on very few that are reported). I would not be surprised to see ebay drop its coins category altogether in the next couple of years. I think they're going to find that it's just too much effort to maintain. |
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by Morgan Fred
BTW, ebay's stock at the moment has risen in value due to this unexpected rise in profits to $41.03 per share, the first it's been above $40 in many weeks or months. As an investor, this is good news for me personally -at the moment, I'm about 20% in the black after months of my investment hovering right around zero percent or a little in the red- but I'm painfully aware that ebay scrambled very hard to get its profit figure looking good again (like it did last year) by ignoring the fraud sales and its other problems as much as possible (i.e., pretending they don't exist) and a hard-sell public relations blitz.
Long-termwise, I'll probably keep my ebay stocks. At least on paper, the stocks' potential is second to none. However, the fickleness of the stock market in general (the DOW is taking a small bath today) and the inanity of stock analysts' reports might keep ebay's stocks from realizing this potential.
I am out of stocks for 4 years now That is anything that is not a gold stock Traders are allready discussing to sell short at the 200 ema line Point and Figure chart looks good but other charts not really http://stockcharts.com/gallery/gv? ebay |
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Replies: 5 / Views: 1,712 |
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Posted 07/21/2005 11:47 am
