Thousands of NNNNN.com’s Will Drop This Month
Posted in Articles, Buyouts, LLLL.com, NNNNN.com, Opinions on March 5th, 2009 by Michael – 3 Comments
About a year ago things were quite different and domainers were encouraged to invest by ever rising prices on both short domains and generics and recent buyouts (such as LLLL.com and premium letter LLLL.net’s) which proven to be quite worthwhile. Minimum prices for LLLL.com’s reached $65 during peak times and there was a healthy supply of buyers. So back in those times it made sense to buy lots of NNNNN.com’s as well and hold them because prices would rise eventually. Which is what many domainers did buying up to 1k of them each. I had 875 of them at a total cost of around $6k - several other investors purchased more than 1000 of them and now realize the mistake and decide not to renew most. read more »