This post is for domain newbs like myself. Here's a great "how to" article on snatching expiring domain names.
Source:
http://www.mikeindustries.com/blog/a...xpiring-domain
If you don't want to mess with the hassle of struggling to get a dropping name, try to find a diamond in a heap of domain coal at
http://www.derelictdomains.com some good ones there--depending on your niche
More info at
http://www.highrevenue.com