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#51
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#52
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I'm seeing in Ebay a company that is completely inflexible. They are incapable of responding to very legitimate customer complaints. And as they continue alienating their customers, and word of mouth continues to spread, more and more people will leave them behind. And they will fall flat on their faces. It may not happen this year, or in three years, or five. But it will happen. People working for Enron, and Bear Stearns, and Lehman Brothers, and AIG, never thought their companies would collapse. But they did. Ebay had better be very careful, regardless of whatever these analysts are saying.
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Building these sets: T206, 1953 Bowman Color, 1975 Topps. Great transactions with: piedmont150, Cardboard Junkie, z28jd, t206blogcom, tinkertoeverstochance, trobba, Texxxx, marcdelpercio, t206hound, zachs, tolstoi, IronHorse 2130, AndyG09, BBT206, jtschantz, lug-nut, leaflover, Abravefan11, mpemulis, btcarfagno, BlueSky, and Frankbmd. |
#53
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Set up straw man knock down straw man. I never suggested large companies could not go out of business. Committing massive financial fraud or getting out-innovated on a core product is hardly the same thing as some anecdotal customer dissatisfaction. But by all means, go short the stock, put your money where your mouth is.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 03-03-2014 at 09:50 PM. |
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What's straw got to do, got to do with it.
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Check out my website www.imageevent.com/rgold |
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No need to get defensive, Peter. Not all the companies I listed fell by the wayside because of unethical business practices, or technological advancements.
Ebay is biting many of the hands that have made it the largest online auction site in the world. And eventually, either that, or a competitor, is going to cause the relative monopoly they hold to slip. I don't know when it will happen, but it will. And it won't require some technology innovation. If Bill Gates paid somebody millions to develop a competing site offering the identical services that Ebay currently does, that could really hurt Ebay. If all users (not just sellers) were required to display an accurate feedback score, if they undercut Ebay's fee structures, and didn't virtually require payment be handled by Paypal, they could make a huge splash. Ebay would either have to make changes, or they'd go the way of the dodo bird. And invariably, at some point in the future, somebody with money, and a good deal of business acumen, is going to spot the opportunity, and create that alternative. Am I going to short their stock to prove my point? No. I happen to think trading on margin is dumb, and I have no need to engage in riskier option trades. Therefore, I don't have margin approval on my account. And without margin approval, I can't short stocks. But even if I could, I wouldn't. Short selling goes against everything I believe in as a broker. It is making money off of a company's downturn, and I choose not to make money off of other people's suffering.
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Building these sets: T206, 1953 Bowman Color, 1975 Topps. Great transactions with: piedmont150, Cardboard Junkie, z28jd, t206blogcom, tinkertoeverstochance, trobba, Texxxx, marcdelpercio, t206hound, zachs, tolstoi, IronHorse 2130, AndyG09, BBT206, jtschantz, lug-nut, leaflover, Abravefan11, mpemulis, btcarfagno, BlueSky, and Frankbmd. Last edited by the 'stache; 03-03-2014 at 10:48 PM. Reason: horrible grammar on my part needed correcting |
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