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> Koni shocks for sale
mitchntx
post Jan 14 2004, 12:23 PM
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QUOTE (sam@stranoparts.com @ Jan 13 2004, 11:14 AM)
I was going to buy up the SLP Koni's to get them off the market, and to stop the bleeding they are causing in price.

The Bass Brothers did the same thing with silver several years ago. Bought up a bunch of silver and silver futures, cornered the market and drove the price up.

Curious ... were you gonna sell those discounted Konis (the bad ones), cut a deal with Koni to have them re-sealed or just throw them away?
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Judd
post Jan 14 2004, 12:32 PM
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I don't think Sam was going to do any of those things you mentiened. By reading his post, it seemed like he was going to buy up the shocks at the low price and then sell them for a higher price {no problem with that, that's what makes capitalism work}. When he found out why the shocks were so cheap, that's when he decided not to buy the shocks. Thats the way I read it anyway.
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mitchntx
post Jan 14 2004, 01:30 PM
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I agree ... there is noting illegal with cornering the market and setting the price.
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sgarnett
post Jan 14 2004, 01:32 PM
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QUOTE (Judd @ Jan 14 2004, 07:32 AM)
I don't think Sam was going to do any of those things you mentiened. By reading his post, it seemed like he was going to buy up the shocks at the low price and then sell them for a higher price {no problem with that, that's what makes capitalism work}. When he found out why the shocks were so cheap, that's when he decided not to buy the shocks. Thats the way I read it anyway.

That's how I read it too.

Too bad - it would have also helped Mitch out, by raising the market value. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/smile.gif)
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sgarnett
post Jan 14 2004, 01:35 PM
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QUOTE (mitchntx @ Jan 14 2004, 08:30 AM)
I agree ... there is noting illegal with cornering the market and setting the price.

True, but it's not really cornering the market unless you buy up ALL the inventory. I assume Sam was only considering buying out SLP, not any of the active suppliers.
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mitchntx
post Jan 14 2004, 01:45 PM
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All or significant chunk ... close enough ...

Again, nothing wrong with it.

I bought 24 sets of 17x9 SS 10 spokes with tires last year from a track who had SS Camaros as school cars. I undercut everyone who was trying to sell their rims.

I, in effect, did the same thing. I didn't have ALL the rims, just enough to drive the market price.

Why do I feel as though this is an arguement?
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sgarnett
post Jan 14 2004, 02:02 PM
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QUOTE (mitchntx @ Jan 14 2004, 08:45 AM)
Why do I feel as though this is an arguement?

No argument here. Actually just an interesting topic, at least to me.

I WAS curious about all those rims you had, though. I was wondering why you needed so many different sets of race tires at once. Actually, thank you. The price on those rims stayed low for a while after you had already sold out, so I still got a good deal (IMG:http://www.frrax.com/rrforum/style_emoticons/default/smile.gif) Or maybe I bought them FROM you - don't remember.
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mitchntx
post Jan 14 2004, 02:46 PM
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That's cool ...

I bought the rims/tires as an investment and resold them all.
It took 2 trips in my long bed PU truck to get them all.
And you might have bought a set. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/wink.gif)

It's not too often a "one time good deal" comes along like that ....
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