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 Post subject: Self Challenge
PostPosted: Sat Jan 10, 2009 10:41 am 
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Guys

As you know my wife issued a buying ban on me telling me I had to sell some stuff in order to buy new watches (toys as she calls them :roll: ) I gave her a token gesture by posting my boxing belts for sale (although not on any boxing forums :wink: :lol: ).

The challenge I have issued myself is this -

Can I turn £1000 into £2000 by March by flipping watches :?: I have a certain watch in mind that I can aquire for £2k but only have a £1k. It is my birthday on March 15th and I have promised myself that if I reach the above figure I will treat myselt to a Navitimer 8)

I am letting you all know before hand what my intentions are and that over the coming months I will be hopefully selling a few watches, if any of you object to this let me know and I will not post the watches on here. I do enjoy this forum very much and I hope I do add a little to it, but I will not Jeopardise my standing on here for the sake of a £1000.

I have just secured my first "Buy" and it will be with me on Wednesday with a bit a luck. I promise that the margin gained will be small but obviously I am taking a risk buying a watch in the first place that may make a LOSS or not SELL at all :oops:

Any thoughts?

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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 10:49 am 
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taffytoon wrote:
Guys

As you know my wife issued a buying ban on me telling me I had to sell some stuff in order to buy new watches (toys as she calls them :roll: ) I gave her a token gesture by posting my boxing belts for sale (although not on any boxing forums :wink: :lol: ).

The challenge I have issued myself is this -

Can I turn £1000 into £2000 by March by flipping watches :?: I have a certain watch in mind that I can aquire for £2k but only have a £1k. It is my birthday on March 15th and I have promised myself that if I reach the above figure I will treat myselt to a Navitimer 8)

I am letting you all know before hand what my intentions are and that over the coming months I will be hopefully selling a few watches, if any of you object to this let me know and I will not post the watches on here. I do enjoy this forum very much and I hope I do add a little to it, but I will not Jeopardise my standing on here for the sake of a £1000.

I have just secured my first "Buy" and it will be with me on Wednesday with a bit a luck. I promise that the margin gained will be small but obviously I am taking a risk buying a watch in the first place that may make a LOSS or not SELL at all :oops:

Any thoughts?


I think that's pretty cool. Not sure what kind of success you will have, but it will be interesting to find out. You are offering a watch for sale and stating a price for it. Everyone has an opportunity to decide if it's a fair price, and if they decide that it is then that's great, if not then they'll pass. The price you paid for it isn't relevant.

Driver8 bought an Olympus that he bought specifically to try and sell for profit (sorry Driver8, I know it's a sore point) and I sold a red OR strap that I only bought to sell for a profit.


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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 10:58 am 
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Thank you Roff :bow: That is one okay that I cared about out of the way :lol: As long as a couple of others are okay with it then whoo hoo ( there is a couple on here who if they objected would not mean a thing :evil: )

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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 10:59 am 
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As far as you buying and selling genuine watches and doing it honestly, I don't see why anybody should have any objectives. Good luck.


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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 11:09 am 
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2 :bow: bnewbie you will be my source of knowledge :lingsrock:

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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 11:19 am 
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taffytoon wrote:
2 :bow: bnewbie you will be my source of knowledge :lingsrock:

Thank you, but I'm sure that there are much more than a few more knowledgeable members here than I am.
You know who you are, gentleman. :bow:


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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 11:32 am 
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bnewbie wrote:
taffytoon wrote:
2 :bow: bnewbie you will be my source of knowledge :lingsrock:

Thank you, but I'm sure that there are much more than a few more knowledgeable members here than I am.
You know who you are, gentleman. :bow:


Not when it comes to replicas - you and Sharky are the experts there - it's not even a contest!


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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 11:42 am 
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Yes as Roff said, I've done it (or rather tried to do it!) too, so go for life Taffy! :thumbsup:

Hope you get a bit of success mate.

Incidentally, as Roff said, I tried it with that Navi Olympus and while I did turn a very VERY small profit, it went for about £800 less than it should've been worth. So all I will say is GO CAREFUL with what you buy to sell, or else you could end losing cash in the current ecomonic climate. :?

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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 11:48 am 
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Driverm8

I know I can lose and thats what makes it fun :lol:

I hope I can do it as the proceeds will be spent on THIS site to a FELLOW member :lingsrock:

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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 12:12 pm 
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Doesnt matter to me. If your price is good who cares what you paid?

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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 12:43 pm 
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More power to you! Good luck with the venture ;)

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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 2:30 pm 
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Good luck! It will be interesting to follow your progress!

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 Post subject: Re: Self Challenge
PostPosted: Sat Jan 10, 2009 2:34 pm 
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aleister wrote:
Good luck! It will be interesting to follow your progress!


I will start a thread to monitor 8)

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 Post subject: Re: Self Challenge
PostPosted: Sun Jan 11, 2009 8:01 am 
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TT: If you find a watch for a deal, then make a bit on it for your research, risk and maybe luck, congrats!! Who knows, find one that I want, for a price I am willing to pay, and I will gladly pay you your profit. That, my dear friend, is the cornerstone of a free market, and God love it! :D

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 Post subject: Re: Self Challenge
PostPosted: Wed Jan 14, 2009 5:50 am 
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Ooooooooohhhhh....
There wouldn't be any UTC modules in there?
:) :) :)

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