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Has anyone ever picked up several decent domains with coupons just to turn a quick profit? Would something like this work?

I've been wanting to give it a go with something like Godady 7-day auctions to try and pick up a few hundred dollars.

Then from there use the money to invest in a premium dropping name or something of the sort.

I've also read a lot about domaining becoming less valuable. What is the reasoning for this?
 
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It's an increasingly extremely! competitive industry, so getting harder to make money doing it. The demand is increasing also, but not at the rate of competition among domainers.
 
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