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domain What's it worth? NewsNook,com

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Just picked up a domain NewsNook.com Thought it is worth close to $500. Any thoughts on this one folks? "News" has huge results and this is a competitive catagory on the web, No? Any thoughts would be appreciated.
 
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Definitely $500, possible $1,000 to someone looking to develop a catchy news site.
 
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Any more thoughts? Thanks
 
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