by Joseph Weisenthal

No Merry Christmas For PS3 Speculators

from the too-easy dept

A few days ago, we pointed to a post by Clive Thompson, in which he noted that the value of getting a PS3 before they were available to the public was somewhere in the ballpark of $2,000, as buyers bid up their price to nosebleed heights on eBay. Since then they've cooled off significantly, sliding steadily through Christmas day. This has defied the expectation of speculators, who had bought them up, hoping to sell them for a rich profit to procrastinating parents right before Christmas. As it is, many of those profiteers had to return the boxes to the stores to get a refund. In a sense, it wasn't hard to see this scheme failing. After such a rapid rise, the price had nowhere to go but down. And even though there's a lot of pressure on parents to get a box under the tree on Christmas, apparently many realized that it made sense to hold out a few more days. So, next time a really hot videogame box is released, don't do the obvious thing and buy them up before Christmas. The real money is in figuring out a way to short them, as you would a stock.

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  1. identicon
    cyprian, 31 Dec 2006 @ 11:43am

    Re: Get a grip shall we?

    actually.. u say thers not alot of PS3 right because of blah blah.
    well in fact. there ARE alot of PS3 left unsold. i dont kno where you live. but here in CALI alot of the stores ive seen after wii hunting[ which i have now] do have several PS3 on display or in the back.

    alot of people just arent solid enough for the PS3 considering its so expensive.

    360 is also isnt all that great. but ive yet to buy more games for it seeing i got it this xmas.

    the wii however, even if alot of people say is a difernt market to a diff group of people and not directed to HARDCORE games, is not a second console. the Wii is just a new console entering the arena and its new way of doing things is finally bringing somthing new for once. what do you mean hardcore gamers? games like gears of war? halo 2/3? im shure by the end of next year 07 there will be a larger share of developers cranking out games of all sorts aimed at any type of gamer. even for you HARDCORE gamers. the wiimote seems very adaptble even with its lack of buttons compared to other consoles.

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