1 Mar
2016
1 Mar
'16
7:29 p.m.
On Mar 1, 2016 8:19 PM, "Toby Thain" <toby at telegraphics.com.au> wrote:
On 2016-03-01 7:36 PM, Sean Conner wrote:
>
> It was thus said that the Great Rich Alderson once stated:
>>
>>
>> For most hobbyists, even $100 is too much. I was simply astounded at
the
>> chutzpah of the seller--right there on the
Amazon list--who was asking
>> nearly $1500 for a copy.
>
>
> I think that comes from an unchecked computer algorithm, not simple
greed.
> I think what's happening here is someone (some
Amazon third party)
offered
> the book for, say, $5. Another third party scans
Amazon for such books,
and
> offers it for say, $6, with the hope that you (the
potential buyer) will
> only see their their offer for $6 and buy from them, at which point they
> will buy it for $5 from the original seller, sell it to you for $6 and
> pocket the $1 profit. The problem comes when a third third-party seller
> sees the offer for $6 and does the same thing as the second one, only now
> they're offering it for $7, will pay $6 for it and pocket $1 profit.
>
> Keep repeating that process and you end up with books selling for
$1500.
Or more:
http://www.michaeleisen.org/blog/?p=358
etc.
Remind me why HFT is a great idea...
I would think pdp 10 original books / manuals are hard to find.
-spc (Who knows? If you keep searching, you might find the original
seller selling it for $5 ... )