Snipe S/W?

From: Mike Ford <mikeford_at_socal.rr.com>
Date: Thu Dec 21 12:58:41 2000

The focus on sniping is missing a basic point, most people shop eBay "when
they are ready to buy" and don't even look at auctions more than a few
hours away. This is why the buy it now is so effective, as it puts your
item into play immediately.

When I snipe I'm not taking your candy, it was never yours. The reason I
snipe is because if I bid $37.50 two days early, or even bid, some other
bidder then has two days to shop the product and decide to bid $38, or even
decide the item is "really" worth $100. Making your first bid in the last
moments of the auction gets you a lower price. You risk losing the auction
vs a lower price, and thats it period. The closer to the end, the fewer
"rounds" of bidding.

Many people bid what they "want" to pay, and thats usually an early bid
fantasy, or wish bid. I look at that bid, then maybe research the product
some more, think about what the item is "worth" to me, or what it will cost
from another source, then either snipe, or just make my maximum bid.
Received on Thu Dec 21 2000 - 12:58:41 GMT