xbox hedging

so, as explained to us in the line the other night - one kid new investment craze sweeping the kids of this nation is xbox hedging.

it works by predicting a shortage by the worst manufacturing planner in the world - microsoft. you do this by purchasing as many xbox 360's as you can through walmart, best buy etc and then reselling them on the internet - ebay etc - and in some cases at double the value.

click here to see current prices for xbox 360's

seller and buyers on the secondary market price seem to have settled in at $900 today (thursday) with either a game or game and controller. so they would have bought that for $399 for 360 and then $50 for game and $50 for controller.. so sellers have forked out $500 (and maybe tax in some states) and selling for $900.... at the moment.

at the moment, there is an auction finishing every few minutes.

the big risk is that the shortage rumors are all risk and that there is supply of xbox 360's next week.

good luck kids.