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Latest comments | Highest ratedeBay: Stock Fully Valued at Current Price [View article]
For the last year I have likened eBay stock to a gallon of Icecream setting in the Arizona dessert. In February of last year I owned almost 45,000 shares of eBay stock and sold around $6,000.00 a month in goods on their site.
Today I don't own any eBay stock and sell on a completely different venue. The items I sell are seasonal and to date 85% of my "valued" customers have followed me to my new site. These customers may still buy on eBay, but I doubt that they buy the items that I sell on eBay. Why would they, some of them have been repeat customers for seven (7) years.
As a seller on eBay, I became totally insulted by "MR" HOHO. His antics over the last year have proven to drive both sellers and buyers off the site. As a seller on eBay I developed and nurtured my customer base, where I go they go.
Many long time eBay sellers are viewed as being "Main Street" mom and pop stores. In truth that is what many of the old veteran's were to eBay. As eBay shuts out the "Main Street" seller they also shut out the "Main Street" buyer.
Forget eBay as an investment, buy some IFLO or ECA either one of them is definately a better long term investment in a poor market.