[SunRescue] Sun and Ebay

[scohen - Stephen Cohen]

>Another sign that embay is becoming less and less of 
>a place to find fair prices...

This remark goes far deeper than one might imagine.  It begs the question
"What is a fair price?"

The whole point of an auction is to extract not a penny less than the
purchaser is willing to pay.  In this strictest sense, the market is very
efficient and fair, i.e., if the purchaser is willing to pay, then it is a
fair price to _that_ purchaser.

However, part of the market's efficiency is determined by the amount of
available information and by how that information is interpreted.  Given
that certain, requisite information isn't always available, then the market
becomes less efficient.

The above remark should be restated as "Another sign that Ebay is becoming
less and less of a place to find INFORMED prices ..."

Regards,
Steve