Frank Berger
5/18/2012 10:48:00 PM
whiskynsplash wrote:
> On May 18, 3:39 pm, "Frank Berger" <frankdber...@gmail.com> wrote:
>> Matthew B. Tepper wrote:
>>> Kimba W Lion <norepliesbyem...@norepliesbyemail.invalid> appears to
>>> have caused the following letters to be typed in
>>> news:mr9dr799pqmceg38u041rqpbhrokkfqe3b@4ax.com:
>>
>>>> whiskynsplash <whiskynspl...@yahoo.com> wrote:
>>
>>>>> There appear to be a certain number of sellers who will game the
>>>>> system by offering an item at a low price, then cancel the
>>>>> order(s) under the guise of being out of stock, and a short time
>>>>> afterwards offer the same item at a higher price.
>>
>>>> This doesn't make any sense to me.
>>>> Seller gains a sale by offering at a low price. This is not an
>>>> auction, the seller established the price.
>>>> Seller loses the sale intentionally.
>>>> Seller then hopes to gain another sale by upping the price.
>>>> In this economy?
>>>> Huh?
>>
>>> In the worst cases, that sort of thing is called "bait and switch."
>>
>> This isn't anything like bait and switch.- Hide quoted text -
>>
>> - Show quoted text -
>
> Here's what's going on you moron. Buyers' Amazon wishlists are private
> and cannot be seen by the sellers. However sellers keep track of other
> sellers' prices and what Amazon itself sells the item for (almost
> always higher, but with free shipping). Classical music recordings
> which have a low turnover fluctuate quite a bit in price owing to
> Amazon's pricing algorithms. All the big sellers will adjust their
> prices amazingly quickly to within a few cents of each other when one
> of them changes. It can be quite useful to a seller to know how many
> buyers there are who are seriously interested in an item. Hence the
> overnight drop in price, the flood (or trickle) of orders, followed by
> the rise in price.
>
> It's known as Price Discovery -- something I would have thought a
> self- described fan of the free market would be aware of.
What does that have to do with my thinking it's not like bait and switch?
Being a moron, I need it explained.
After you do, you will be plonked.