ePay

From: Uncle Roger <sinasohn_at_ricochet.net>
Date: Thu Oct 29 21:01:54 1998

At 01:44 PM 10/27/98 +1, you wrote:
>Please ? The whole idea of sniping is just to avoide a real
>competition situation. In fact, it may lower the price of
>all 'needed' goods, because nobody will get a chance to top
>the sniper. So a final price might have been higher.

Very true. Assume your max for item X is $100. Opening bid is $1. You
bid $100 on the first day, and the high bid is $1. Day 2, another bidder
comes along and bids $20. You still have the high bid for $21. The other
bidder sees that and tries again, this time putting in $40. Your bid is
now $41.

If, however, you wait 'til the last minute, the other bidder will bid $20
and that's it. You can come along at the last minute and snipe him for
$21, saving you $20.

Keep in mind, too, that not all categories get the inflated prices that the
older computers get. I've got a box full of Donald Duck stuff (Rachel's
birthday is 11/9) that I got at prices ranging from decent to outright
theft.


--------------------------------------------------------------------- O-

Uncle Roger "There is pleasure pure in being mad
roger_at_sinasohn.com that none but madmen know."
Roger Louis Sinasohn & Associates
San Francisco, California http://www.sinasohn.com/
Received on Thu Oct 29 1998 - 21:01:54 GMT

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