When World of Warcraft was released, I had the same thing happen to me. It was a hot item and my local retailer happened to have it on the shelves, so I bought 10 extra copies and sold the CD keys on ebay for about 3x retail pricing. Almost half of the keys I sold were allegedly bought from Paypal customers who "had their accounts hacked", so ebay withdrew the money from my account and refunded it to the buyers leaving me without merchandise or money.
> bought 10 extra copies and sold the CD keys on ebay for about 3x retail pricing
> ebay withdrew the money from my account and refunded it to the buyers
Wicked karma :)
When Nexus 4 was launched, I ended up with multiple devices (automated parallel purchases). It gave a lot of joy to sell them at cost (on craigslist) rather than cancel my purchase or pocket the premium they could've fetched.
I think of these practices as "Hoarding" & "Price Gouging" rather than business sense. More like taking advantage of people without adding any value to the trade.
Well, kingnohthing did nothing wrong and then got scammed, and lost plenty of legitimate arbitrage profit. Yes, eBay is lazy and doesn't check up who's it is siding with.
Seriously: Fuck eBay.