Monday, Jan 27, 2003 8:35 PM
(Teuters Wire Service) -Next to the precious metals industry, the second-hand re-sale market is the hottest on the planet. This is especially evident in the stock value of re-sale industry leader, eBay(EBAY). Succumbing to general market woes, the stock had been flat for most of last year and was near $50 per share around the second week of October. The stock began to steadily rise, however, since then, rising above the $75 mark this week. ( http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bby&sid=0&o_symb=bby)
Leading stock analysis firm, USB Warburp was first to attribute the phenomenal eBay climb to a frenzied rash of selling and buying of Irish whistles. “The demand for high quality whistles has increased nearly 3000 percent worldwide over the past three years, causing whistle makers to fall behind in production,” reported USB Warburp. “Private whistle owners, since October 2002 have sought to fill the supply and demand gap by offering for sale whistles from their own private collections.”
Chiff and Fipple, a leading worldwide Internet forum dedicated to the Irish whistle, may have had the most significant influence in driving this burgeoning market.
“No telling how low the U.S.A., European and Global economies would have fallen were it not for the explosion in the re-sale/whistle market,” stated one Chiff and Fipple member who chose to remain anonymous.
For those thinking about moving up to a Clarke Meg, do you reckon that eBay would be a good place to get a second hand one?
On 2003-01-28 14:12, Walden wrote:
For those thinking about moving up to a Clarke Meg, do you reckon that eBay would be a good place to get a second hand one?
I dunno, I’ve heard that the Meg really holds on to its value very well. Plus, well-cared for vintage Megs are known to be in high demand and often will fetch prices much higher than their original selling price.
Speaking of which, this Copeland D auction is ending in about 6 hours…
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=2503015143&category=10183
And here’s a Howard…but you still have 3 days…
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=2503616753&category=308
K
[ This Message was edited by: Kim in Tulsa on 2003-01-28 15:23 ]
Walden,
Be careful if you bid on Megs on eBay. Make sure that they are AUTHENTIC and IRISH and HARD TO FIND. Also, steer clear of the cheap ones, and only bid on the more expensive ones, they were better made.
John Mac
On 2003-01-28 15:25, goesto11 wrote:
Also, steer clear of the cheap ones, and only bid on the more expensive ones, they were better made.
Kim said something about a Copeland on eBay. If I can get it for about the same price as the Meg, I might bid on it.
Interesting… Some stocks tend to behave just opposite that of the general markets… they go up when everybody else goes down, and vice versa. They tend to be companies that rely on business from people having a tough time financially. Second hand goods trade would certainly be one of those types of things (n/m the fact that eBay has a large % of new goods, too…). There are funds that specialize in this sort of inverse behavior, too. Look up the symbol BEARX, if you’re interested in this sort of thing. Heh, if that’s the case, a nice long market downturn could do more for the steady growth of eBay’s stock than the boom of the late 90s
Chart](http://moneycentral.msn.com/investor/charts/chartdl.asp?Symbol=EBAY&ShowChtBt=Refresh+Chart&DateRangeForm=1&PT=5&CP=1&C5=1&C6=1999&C7=1&C8=2003&C9=0&ComparisonsForm=1&CA=1&CC=1&CE=0&CompSyms=&DisplayForm=1&D7=&D6=&D3=0%22%3EChart) (link hidden b/c of length)
(don’t know if this link will work or not…)
- Ben
[ This Message was edited by: tinker on 2003-01-28 16:46 ]
I think the word we’re searching for here is “countercyclical”. I’m familiar with the concept, but somebody on NPR used the word today on Seattle KUOW, so now I can put a word to the dynamic.
Interesting chart, Tinker. It suggests that eBay has moved from dotcom to the “real economy”, an economists’ term which I find particularly revealing.