As a seller of Disney collectibles I was concerned when Ebay joined forces with Disney. I posted threads, but there was little interest. "Why should we care, we don't sell/buy Disney," was what I heard. If this was you, don't worry, your time will come. Ebay is joining forces with everyone lately.
The rise of more sellers in Disneyana collectibles didn't help. I continued to get more bids, only not as many as the first year I sold on Ebay.
I did what any seller would do. You ask if I stood outside Disneyland protesting? You must be nuts! I only stand outside Disneyland for hours and hours in the freezing cold when I am waiting in line to buy that prized limited edition wicket that will sell on ebay and make me enough money to pay for the coffee I drank that day.
I did some research and found the company that owned the Disney/Ebay online company.
And I did what any smart person would do in the face of dot coms failing left and right, and the Walt Disney company reporting losses with their web site.
I invested for the first time in the stock market! Ok, it was only about $298, but I proudly shilled out my money for the Walt Disney Intergroup, who ran the Ebay/Disney site. The major stock holders for the company are Ebay and Disney. Imagine that.
I figured that if Disney/Ebay put me out of business, then I could at least get in on a piece of the action.
How many thousands of dollars did I turn my money into?
Well, not exactly thousands. I watched my stock shoot up a bit. And then the company anounced lay offs. And I sat back and watched my stock go down, and down and down.
Well, as luck would have it, the Walt Disney Company decided to convert the stock into Walt Disney stock! I now own Disney stock! And all for an investment of under $300.00! The minimum to buy in to Disney is higher than that right now.
So now that ebay/disney are working for me, please please go to ebay.disney.com and bid on some of the magic.
Thank you, and good night.
Kelly
[ edited by kellyb1 on Mar 23, 2001 02:51 AM ]
posted on March 23, 2001 05:06:41 AM
$300 Minimum to buy Disney?
Since when has there ever been a floor on the dollar amount you can buy stock? Normally smallest purchase is 1 share.
You can check out sharebuilder.com and buy whole dollar amounts of stock/fraction shares.
I purchased Disney 4 years ago and the investment was only $100.
Just curious as to where the minimum purchase price theory came from
Joe B
posted on March 23, 2001 05:56:37 AMI only stand outside Disneyland for hours and hours in the freezing cold when I am waiting in line to buy that prized limited edition wicket that will sell on ebay and make me enough money to pay for the coffee I drank that day
posted on March 23, 2001 07:20:45 AM
Newguy...Must have been one of those frequent snowstorms we get here in southern California. Disneyland gets shut down ALL the time because of snow. But it does have its plus side because we get to go out and pick frozen solid oranges...they are so good, just like orange popsicles!
posted on March 23, 2001 08:14:33 AM
Anyone who sells things that compete against giant corps should have braced themselves long ago. Doesn't look like Disney is selling mass market items though. The corps need high dollar sales per listing to make it worthwhile for them, so they won't be selling individual lots that compete against us sellers.
The corps are using ebay as a liquidation outlet even though the BIN was set up for them to be able to sell retail. (yea, the BIN wasn't designed for us sellers use, it was designed to attract the big corps).
posted on March 23, 2001 10:36:31 AM
I bought 2 shares of Disney Stock back in 1992 for about $39 each. I kept one for my son and gave one to my girlfriend for her birthday. After a year or so, the stock did a 3-way split, so now I own 3 shares. Whoopie, I know, but at least I get invited to the Stockholders meeting each year.
Anyway, any stockbroker can purchase any amount of stock you want from a public company. No minimums exist.
