It might be smart... but I have no respect for the people who do this. It is no where close to being like a store that sells ammunition. Stores buy what they can and sell at a competitive price with other stores and in no way really create a demand. Individuals who are doing this are creating a high demand by taking 100% of the supply off the shelves. You might be making a dollar but you are putting your fellow man through hell to get it.
Do you know what my number one concern with this is? There are kids out there that want nothing more than to go plink with a .22 and their fathers cannot get the ammo to make it happen. I don't know what things are like where you are from, but where I'm from kids going out and plinking is part of growing up. Squirrel and rabbit hunting are a part of life for kids here. I hate that this generation is going to miss out on some of the greatest moments in their lives.
Like I said. I have zero respect for these people and just as little respect for someone who thinks what they are doing is okay.