For Sale Pool must be bidding in its own auctions and running up prices

[Deleted member 4749]

I think what people do here is exchange their views to get a feedback.
So far, there are the majority of people who are quite positive about their views but no claims are made.

I also have a theory why pool bids go way to high or way over namewinner bids:

With hundreds of domain speculators competing for a few hundred dropping domains, there is in most cases one of speculators who is willing to pay for one of the drops a sum that will have nothing to do with "sereller price level".

For example, when russianmusic.com was expiring, I was willing to bid $10 000 because it's a domain I wanted very bad, and it doesn't worth that much on reseller.

So, for almost every domain there is somene who is willing to "overpay" - which is to pay a price far above resellers' price level.

We can see how some individual was willing to pay $112000+ for culinary.com, $60000+ for edeals.com etc. These domains had bids less than 50% of that price on NameWinner. The proxy might have been the same, $112k+ and $60k+ but there was no one else who was willing to overpay and bids didn't get any close to $112k or $60k.

So, there is always someone who likes a domain badly and willing to place a higher bid.
I can't think of any reason why edeals.com closes at several thousand bucks at NameWinner and at $60k at pool.com rather than pool is bidding agaist the higher proxy bid.

And there is is a reason why pool hides the bidders and why pool even complicated the "bidder numbers".

 

[Theo]

The reason is simple: Pool beats any other public domain grabbing system hands down. NW won't catch a name that has a Pool backorder, EVER.

 

[Nexus]

The reason is simple: Pool beats any other public domain grabbing system hands down. NW won't catch a name that has a Pool backorder, EVER.

Come on, TC. Now who's exaggerating? This has always been an odds game. You're honestly trying to say that every name that NW catches simply doesn't have a Pool bid on it? Ok...

~ Nexus

 

[Digital Address]

The reason is simple: Pool beats any other public domain grabbing system hands down. NW won't catch a name that has a Pool backorder, EVER.

Most of the time but NOT all the time. And I can prove it! You stand corrected.

 

[Theo]

NW is cheap, Pool can be expensive. I'm not a gambler so I only use Pool for the domains I absolutely must have. They all had NW bids and Pool got them for me every time.

 

[nitronet]

The reason is simple: Pool beats any other public domain grabbing system hands down. NW won't catch a name that has a Pool backorder, EVER.

You are showing your ignorance and inexperience.

Namewinner gets lots of names, maybe not as many as pool but they got genericdrugs.com a few weeks ago and made 30K and I know I had a backorder at pool.

You may need to go to amazon and buy "Domain Grabbing for Dummies".

 

[Theo]

Right. Resorting to name-calling when there is no proof to bring forward.

Nexus knows I'm a hotheaded Greek that has been banned on and off from various forums, but trust me, I know my shit well.

For all you Pool bashers out there: if you can't afford to lose then don't play.

 

[TurNIC.com]

Timechange,

This is SirAlexFerguson.

Where did you get that double-headed eagle logo?

 

[Nexus]

Nexus knows I'm a hotheaded Greek--

Heh, heh... Wait, you're Greek???

~ Nexus

 

[Theo]

Hi SAF - long time

Offtopic: it's a Byzantine emblem; I created the avatar from the original.
No offense, I hope. It's a historical heritage.

 

[clemzonguy]

Well what does it profit a man to gain the whole world and loose his own soul in the end? If Pool is involved with spurious activity those involved will pay one way or another either in this lifetime or the next. Until then play the game smart and stop putting in proxy bids. Pool IS like a real auction (unlike ebay & namewinner where snipers win). The next highest bidder wins so start playing like that and stop giving them the ability to jump the bids at will to maximize profits. These people are in Canada the same country that has setup a company to produce legalized marijuana for medical sale and have other lax laws.

"Trustees are not required to divulge information about assets held by a trust - and cannot be forced by Canadian courts to turn over trust assets to Revenue Canada or other Canadian creditors - unless and until those creditors go through the host country's judicial system at great expense and with a lot of time-consuming effort."

"Yes, these savings are predicated on major changes including surrender of your U.S. citizenship, moving your self, your family, and your business to Canada, and possible to another country later on - but the true "bottom line" measured in dollar savings can be enormous.

Most persons of wealth usually have considerable talent, a keen sense of adventure and shrewd judgment when it comes to money. And if such people chose the Canadian immigration route, they will earn and retain a lot more wealth than could otherwise be theirs."

http://www.retirementhavens.com/residencehavens/usingcanadacont.html

 

[seeker]

If you look back in the archives, I *know* for a fact that at least *some* times, suspicious activity has happened at pool!

Apparently, there is a problem.
Someone can bid and be a fraud, and all that happens is that you get defualted back to your highest bid.
Your responsibility right? Since it was your high bid.
But when looking at the 'auction history' and I see that from the 5 people bidding (as JUST 1 example), the 'dude' that aprently was a fraud put up the price by over $200.
So... the question is, should they have charged me for my highest bid, or where the cut off point was , that is If you remove the fraudelent 'dude'????
See, this is why I think something stinks there.
In any case though, they are the best in grabbing domains. They get about a 20:1 ratio over namewinner and more over other 'grabbers'.

At least from my experience.

What does that mean?
They are becoming a monopoly which = more greedeness and more 'hacking' with the auction system.

 

[nitronet]

I believe you should be charged the price as if the non paying or fraud bidder never existed.

I they fraudulently run you up, I would never pay my last bid, I would only pay the price before the other bidder started.

 

[seeker]

I believe you should be charged the price as if the non paying or fraud bidder never existed.

I they fraudulently run you up, I would never pay my last bid, I would only pay the price before the other bidder started.

too litle too late in my case, but I am sure that also includes others.

Lets face it, pool deserves at least some respect for being able to outgun the rest.
But in such situations, what can one do???

To be fair, they should have removed the bids of the 'fraud-maker'... but that is wishfull thinking I guess.

 

[.biz]

Look at what I wrote 7 months ago

The guy took business partners from his former company? If he could screw his former company, I have no doubt that he will screw business partners, customers, etc., any time he likes.

From the thread http://www.dnforum.com/showthread.php?t=34772&highlight=snapnames+pool

 

[Yojimbo]

Actually, irrespective of the fraud allegations against Pool, Blink hit the nail on the head. He is referring to an aspect Game Theory from economics in which given a large enough pool of bidders in an auction the item being auctioned will nearly always go for a higher price than it's average market value. If you think of a bell shaped curve representing all bidders in an auction it is the outlying bidder on the far right of the curve that will win the auction because he/she will bid an exorbiant price for whatever reason (usually emotional). Since Blink wanted russianmusic.com so badly he bid an exorbiant amount despite the true market value (or perhaps resale value) to all other bidders. So, if pool can grow its bidder base large enough, which it seems to have done, then all auctions for high demand domain names will end up going for what most in the market would agree are extremely high prices.

 

[Digital Address]

I hate being put in this spot, but a major point seems to have been overlooked in the last few weeks and I feel I kinda have to bring it to everyone's attention: Pool has been sucking wind lately!! Why? There is now a dearth of "quality" drops every day and BFD and its minnions are going after only the best of them with everything they have!! Today was a perfect example. There were quite a few gam(e) misspells that did very nicely at NameWinner. Pool only caught one! As a matter of fact, Pool's average success rate has been a miserable 20-30% of all the names I have put into my account every day for the last few weeks. And what goes into my account? Any name that brought over $300. at NW or that I really want to own, an average of 20-40 every day! And how many did they catch today? 6. End of discussion.

 

[cyphix]

Yeah.. I have noticed BFD has been beating Pool a lot lately.

 

[nitronet]

OK I give up, who is BFD?

 

[Source]

Reminds me of a song from The Music Man:

- Ya Got Trouble

Harold:
Well, either you're closing your eyes
To a situation you do now wish to acknowledge
Or you are not aware of the caliber of disaster indicated
By the presence of a pool table in your community.
Ya got trouble, my friend, right here,
I say, trouble right here in River City.
Why sure I'm a billiard player,
Certainly mighty proud I say
I'm always mighty proud to say it.
I consider that the hours I spend
With a cue in my hand are golden.
Help you cultivate horse sense
And a cool head and a keen eye.
Never take and try to give
An iron-clad leave to yourself
From a three-reail billiard shot?
But just as I say,
It takes judgement, brains, and maturity to score
In a balkline game,
I say that any boob kin take
And shove a ball in a pocket.
And they call that sloth.
The first big step on the road
To the depths of deg-ra-Day--
I say, first, medicinal wine from a teaspoon,
Then beer from a bottle.
An' the next thing ya know,
Your son is playin' for money
In a pinch-back suit.
And list'nin to some big out-a-town Jasper
Hearin' him tell about horse-race gamblin'.
Not a wholesome trottin' race, no!
But a race where they set down right on the horse!
Like to see some stuck-up jockey'boy
Sittin' on Dan Patch? Make your blood boil?
Well, I should say.
Friends, lemme tell you what I mean.
Ya got one, two, three, four, five, six pockets in a table.
Pockets that mark the diff'rence
Between a gentlemen and a bum,
With a capital "B,"
And that rhymes with "P" and that stands for pool!
And all week long your River City
Youth'll be frittern away,
I say your young men'll be frittern!
Frittern away their noontime, suppertime, choretime too!
Get the ball in the pocket,
Never mind gittin' Dandelions pulled
Or the screen door patched or the beefsteak pounded.
Never mind pumpin' any water
'Til your parents are caught with the Cistern empty
On a Saturday night and that's trouble,
Oh, yes we got lots and lots a' trouble.
I'm thinkin' of the kids in the knickerbockers,
Shirt-tail young ones, peekin' in the pool
Hall window after school, look, folks!
Right here in River City.
Trouble with a capital "T"
And that rhymes with "P" and that stands for pool!
Now, I know all you folks are the right kinda parents.
I'm gonna be perfectly frank.
Would ya like to know what kinda conversation goes
On while they're loafin' around that Hall?
They're tryin' out Bevo, tryin' out cubebs,
Tryin' out Tailor Mades like Cigarette Feends!
And braggin' all about
How they're gonna cover up a tell-tale breath with Sen-Sen.
One fine night, they leave the pool hall,
Headin' for the dance at the Arm'ry!
Libertine men and Scarlet women!
And Rag-time, shameless music
That'll grab your son and your daughter
With the arms of a jungle animal instink!
Mass-staria!
Friends, the idle brain is the devil's playground!

People:
Trouble, oh we got trouble,
Right here in River City!
With a capital "T"
That rhymes with "P"
And that stands for Pool,
That stands for pool.
We've surely got trouble!
Right here in River City,
Right here!
Gotta figger out a way
To keep the young ones moral after school!
Trouble, trouble, trouble, trouble, trouble...

Harold:
Mothers of River City!
Heed the warning before it's too late!
Watch for the tell-tale sign of corruption!
The moment your son leaves the house,
Does he rebuckle his knickerbockers below the knee?
Is there a nicotine stain on his index finger?
A dime novel hidden in the corn crib?
Is he starting to memorize jokes from Capt.
Billy's Whiz Bang?
Are certain words creeping into his conversation?
Words like 'swell?"
And 'so's your old man?"
Well, if so my friends,
Ya got trouble,
Right here in River city!
With a capital "T"
And that rhymes with "P"
And that stands for Pool.
We've surely got trouble!
Right here in River City!
Remember the Maine, Plymouth Rock and the Golden Rule!
Oh, we've got trouble.
We're in terrible, terrible trouble.
That game with the fifteen numbered balls is a devil's tool!
Oh yes we got trouble, trouble, trouble!
With a "T"! Gotta rhyme it with "P"!
And that stands for Pool!!!