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Propper snapping takes tons of work prior to the snap application and then tons of luck. One thing for sure, any great name that eventualy drops, often had the snap placed on it by a goldminer, while it was still active.
Usually find sites that are interest to you that no longer resolve, in your everday surfing. You will know in your area of expertise what sites you can make money with. I think alot of domain speculators go out and buy all sorts of names, where they don't understand the industry the name was in and can't maximize their profits.