There is no question in my mind that people play the arbitrage game and the selling what you don't own game both here and on ebay. That's why you have to be very careful about auctions. I've seen lots of auctions terminated early and then re-listed with different reserves, etc. Its a wild market out there, so lets be careful boys and girls. Of course there is nothing wrong with buying low and selling high, as long as you buy first and sell later. Otherwise it IS fraud (unless of course you are selling stock short or buying futures). Oops, there's the "f" word. Maybe its only deceptive, unless you accept $ and don't deliver the goods. I'm not a lawyer. My 0.02.