Surprises

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
    Chronno S. Trigger, 31 Dec 2006 @ 5:18pm

    Why do all the PS3 games say coming soon? I haven't seen one that you can buy. I know there out but there not on shelves. maby its just the stores I shop at.

    Try playing the Wii before bashing it. and remember Grafix arn't everything. The game could be photo realistic but if the game sucks otherwise the game still sucks.

    If you want a PS3 go to Altoona, PA there are quite a few that no one wants. The sales guys cant get rid of them. But the Wii's, I was warned walking in that they didn't have any.

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