eBay "slow" season???

eBay "slow" season???

Post by David Armstron » Thu, 30 Aug 2001 21:18:47



Am I alone in noting that numbers of bids on eBay coin auctions have been
quite low in recent weeks?  If I am correct, is this simply a seasonal
effect?  Is it likely bidding interest will go up after Labor Day?
 
 
 

eBay "slow" season???

Post by Ireiche » Thu, 30 Aug 2001 22:03:11


I agree completely with your observation. Not only are the bids low, but they
are few and far between. Hopefully things will pick up a bit after Labor Day.

Irv Reichel

 
 
 

eBay "slow" season???

Post by J. Ston » Thu, 30 Aug 2001 22:18:49


Usual summer slowdown I guess.    Hopefully it is not the slow economy that
is causing the fewer bids but it could be, if so that will probably continue
after Labor Day.
Quote:

> I agree completely with your observation. Not only are the bids low, but they
> are few and far between. Hopefully things will pick up a bit after Labor Day.

> Irv Reichel

 
 
 

eBay "slow" season???

Post by Richard DeLu » Thu, 30 Aug 2001 22:46:04



Quote:

> Am I alone in noting that numbers of bids on eBay coin auctions have been
> quite low in recent weeks?  If I am correct, is this simply a seasonal
> effect?  Is it likely bidding interest will go up after Labor Day?

I've noticed the same trend, but don't think it's a seasonal effect.  See
what you think of this theory-  

When the stock market is strong, many put a large portion of their
discretionary money into the market, and there is also a lot going into
cxollectibles and hobbies.  Money is everywhere and confidence is strong.

When the stock market sags, as it has for the last year or more, but
everything else is okay, people tend not to spend their discretionary
income on stocks.  But hobbies and collectibles remain strong.

When the market is sagging, AND unemployment figures are rising as in the
last few months, everyone hangs on to their money.  Retail suffers, and
collectibles suffer.  This is most unfortunate, as two-thirds of our
economy is based on retail sales, and everything suffers when consumer
confidence fails.  A big circle, but consumer confidence is the most
important part of it.

Consumer confidence is dropping now, and will continue to do so as long as
major companies continue their layoffs.  Economists and market analysts
are now beginning to say that the expected fourth-quarter turnaround isn't
going to happen.  

In my opinion, we won't be seeing a strong eBay in the fall.

Best Regards,
Rich

 
 
 

eBay "slow" season???

Post by Harv Lase » Thu, 30 Aug 2001 23:07:03



Quote:
> Consumer confidence is dropping now, and will continue to do so as long as
> major companies continue their layoffs.  Economists and market analysts
> are now beginning to say that the expected fourth-quarter turnaround isn't
> going to happen.

Gateway computers is floundering.. they announced a 15% layoff and closure
of a whole bunch of their overseas plants yesterday..

Harv

 
 
 

eBay "slow" season???

Post by Peter T. Davi » Thu, 30 Aug 2001 23:59:02


It's not just ebay.  2nd quarter growth was the slowest since 1993 (or
around the same time we had our last recession).  Seems Bush really crashed
the economy (as did his father before him).  Can't say I respected slick
Willy's morals too much, but I am a bit nostalgic about the economy back in
those 'good old days'.
Peter
Quote:
"David Armstrong" wrote...
> Am I alone in noting that numbers of bids on eBay coin auctions have been
> quite low in recent weeks?  If I am correct, is this simply a seasonal
> effect?  Is it likely bidding interest will go up after Labor Day?

 
 
 

eBay "slow" season???

Post by Richard DeLu » Fri, 31 Aug 2001 00:12:46



Quote:

> It's not just ebay.  2nd quarter growth was the slowest since 1993 (or
> around the same time we had our last recession).  Seems Bush really crashed
> the economy (as did his father before him).  Can't say I respected slick
> Willy's morals too much, but I am a bit nostalgic about the economy back in
> those 'good old days'.

Presidents generally don't have a great deal of control over the economy.
Bush, Greenspan et al, are doing all the right things.  Unfortunately,
it's a little too late.  The 'good old days' as you put it, are really due
to the policies of Ronald Reagan.
 
 
 

eBay "slow" season???

Post by J. Ston » Fri, 31 Aug 2001 00:36:14


A well known restaurant chain in the midwest just announced they are closing
16 restaurants as of Friday due to poor business.  When the service industry
sector starts to suffer you know that economic times are quite bad.   A large
steak house near where I live closed its doors a few months ago also.
Quote:



> > Am I alone in noting that numbers of bids on eBay coin auctions have been
> > quite low in recent weeks?  If I am correct, is this simply a seasonal
> > effect?  Is it likely bidding interest will go up after Labor Day?

> I've noticed the same trend, but don't think it's a seasonal effect.  See
> what you think of this theory-

> When the stock market is strong, many put a large portion of their
> discretionary money into the market, and there is also a lot going into
> cxollectibles and hobbies.  Money is everywhere and confidence is strong.

> When the stock market sags, as it has for the last year or more, but
> everything else is okay, people tend not to spend their discretionary
> income on stocks.  But hobbies and collectibles remain strong.

> When the market is sagging, AND unemployment figures are rising as in the
> last few months, everyone hangs on to their money.  Retail suffers, and
> collectibles suffer.  This is most unfortunate, as two-thirds of our
> economy is based on retail sales, and everything suffers when consumer
> confidence fails.  A big circle, but consumer confidence is the most
> important part of it.

> Consumer confidence is dropping now, and will continue to do so as long as
> major companies continue their layoffs.  Economists and market analysts
> are now beginning to say that the expected fourth-quarter turnaround isn't
> going to happen.

> In my opinion, we won't be seeing a strong eBay in the fall.

> Best Regards,
> Rich

 
 
 

eBay "slow" season???

Post by J. Ston » Fri, 31 Aug 2001 00:38:13


I have a Gateway computer at home.  I wonder if the company is going to
fold or get bought out by some other company.
Quote:



> > Consumer confidence is dropping now, and will continue to do so as long as
> > major companies continue their layoffs.  Economists and market analysts
> > are now beginning to say that the expected fourth-quarter turnaround isn't
> > going to happen.

> Gateway computers is floundering.. they announced a 15% layoff and closure
> of a whole bunch of their overseas plants yesterday..

> Harv

 
 
 

eBay "slow" season???

Post by Ron » Fri, 31 Aug 2001 00:52:51


The economy and stock market was headed south long before Bush took over. It
didn't make any difference who took office; the economy was in for a major
slow down. Actually, the GDP numbers turned out to be positive rather than
negative as was predicted by the experts. Just be glad for the tax cuts and
rebates which should help to spur the economy and, hopefully, coin sales.

Ron



Quote:
> It's not just ebay.  2nd quarter growth was the slowest since 1993 (or
> around the same time we had our last recession).  Seems Bush really
crashed
> the economy (as did his father before him).  Can't say I respected slick
> Willy's morals too much, but I am a bit nostalgic about the economy back
in
> those 'good old days'.
> Peter

> "David Armstrong" wrote...
> > Am I alone in noting that numbers of bids on eBay coin auctions have
been
> > quite low in recent weeks?  If I am correct, is this simply a seasonal
> > effect?  Is it likely bidding interest will go up after Labor Day?

 
 
 

eBay "slow" season???

Post by DOND » Fri, 31 Aug 2001 01:07:21



Quote:

>Am I alone in noting that numbers of bids on eBay coin auctions have been
>quite low in recent weeks?  If I am correct, is this simply a seasonal
>effect?  Is it likely bidding interest will go up after Labor Day?

My experience in the last few weeks is that my auctions are going about as they
have for most of the summer.  The first quarter was boom, 2nd was good and 3rd
so far is just ok, but its ahead of last year's 3rd quarter, I'm certain. Now
that we're heading back into the "show season",  I'm thinking the 4th quarter
will be between boom and good.  

What I have been seeing is more BINs being hit.  I can only attribute this to
the tax refund checks and people spending the "extra, non-budget" money because
its burning that proverbial "hole".  Some are hitting BIN with only hours to go
before the auction ends!  Still others have bid basic bullion items way beyond
their "normal" price.  Since it takes two bidders to get a common bullion eagle
coin to nearly 170% of melt, I'm assuming there are some bidders with more
money than sense.

I'm also noticing that recently, I'm getting a lot of emailed "repeat" orders
from former ebay and yahoo auction winners.  I don't have a website (probably
should), so I can only attribute this to customer satisfaction with my service
on "old" auction wins.  Apparently, some bidders keep a "favorite seller" type
list and email when they have money to spend on items I sell.

Wonder how Ebay will try to impose a fee on that...

dondi3

DONDI enterprises.  BUY, SELL, TRADE. RARE COINS & PRECIOUS METALS
Member COINNET, CSNS, ANA, INA, MOON, ILNA.

 
 
 

eBay "slow" season???

Post by Harv Lase » Fri, 31 Aug 2001 01:07:52



Quote:
> I have a Gateway computer at home.  I wonder if the company is going to
> fold or get bought out by some other company.

No idea, but I can guarantee you that every Amiga owner is going to laugh
out loud, after Gateway bought the Amiga and then screwed us around with
false hopes and empty promises for two years, ultimately delivering
absolutely zero..

If I was going to buy a Winblows machine during those two years, which I
didn't, it probably would've been one of theirs. Since I bought it last
year, it's an eMachines instead..

Ted Waitt can kiss my shiny metal ass :)

Harv

 
 
 

eBay "slow" season???

Post by Harv Lase » Fri, 31 Aug 2001 01:09:33



Quote:
> A well known restaurant chain in the midwest just announced they are
closing
> 16 restaurants as of Friday due to poor business.  When the service
industry
> sector starts to suffer you know that economic times are quite bad.   A
large
> steak house near where I live closed its doors a few months ago also.

Keep your eyes on Las Vega$ as an economic indicator. People who don't have
money to blow don't go there to blow it..

If big ***s start shutting down, or cutting back, or drastically slashing
room rates, or proposed new ones don't get built.. there ya go..

Harv

 
 
 

eBay "slow" season???

Post by Bruce Greenblat » Fri, 31 Aug 2001 01:55:12


With the many layoffs, economic slowdown, consumer confidence waining, I would imagine that the lull in the coin market will be a
lengthy one.
Quote:

> Am I alone in noting that numbers of bids on eBay coin auctions have been
> quite low in recent weeks?  If I am correct, is this simply a seasonal
> effect?  Is it likely bidding interest will go up after Labor Day?