There are certainly plenty of folks who buy solely in order to flip at a perceived or expected profit. I can't imagine it's a great business model.
As I mentioned recently in a different thread, I saw a dealer buy a card -- in the same group I bought an almost identical card in the same auction -- and then turn around and list it on eBay at 3x the sale price. I offered to sell him mine for double the price. He declined and said if he had wanted the card he would have just beat me in the auction for it. This was a year ago and his 3x price is still available on eBay if anyone wants in on that "deal" (as is my 2x price)!
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