EBaying; howling after an auction

From: CLASSICCMP_at_trailing-edge.com <(CLASSICCMP_at_trailing-edge.com)>
Date: Sun Oct 17 18:52:02 1999

>>>Either bid at the end, and I mean well within the last minute if not the
>>>last 10 seconds or so, or bid the full amount you are willing to pay for
>>>the item.
>>
>> If you're bidding on something that you really want, be prepared to be awake
>>and in front of your machine when the auction ends. Everyone learns this
>>after
>>a while.

>Or just bid your full amount to start with. Lots of people use eBay like a
>email store and just place an order, with a bid that delivers 90% of the
>time.

I've done that - usually for some oddball item that nobody else would
likely want, anyway.

I've been following the E-bay auctions for SCSI drives closely in the
past month or two, and what's *really* amazing is that sometimes there'll
be 4 identical items, all from the same seller, all closing within minutes
of each other, and in one auction the drive is bid up to $180.00 and in an
another auctions the cost settles around $60-$70.

Someone here said that E-bay is perhaps one of the harshest marketplaces
around, implying (I think) that it's pure open competition with commonly
available knowledge, but this isn't always the case: some of the bidders
haven't a clue as to what's going on, and instead of treating the auction
as what it is - a business transaction - they get caught up in the
frenzy of bidding. (It takes at least *two* such bidders to bid the
price up to ridiculous heights.)

I personally don't understand "sniping" at all - it isn't necessary.
Set your maximum bid what you're willing to pay. If someone else outbids
you, you didn't "lose" - "losing" is when you pay more than you're willing,
not when someone outbids you!

-- 
 Tim Shoppa                        Email: shoppa_at_trailing-edge.com
 Trailing Edge Technology          WWW:   http://www.trailing-edge.com/
 7328 Bradley Blvd		   Voice: 301-767-5917
 Bethesda, MD, USA 20817           Fax:   301-767-5927
Received on Sun Oct 17 1999 - 18:52:02 BST

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