eBay sniping

From: Dwight K. Elvey <dwightk.elvey_at_amd.com>
Date: Thu Apr 24 17:43:01 2003

>From: "Adrian Vickers" <avickers_at_solutionengineers.com>
---snip---
>
>>This is like a
>>sealed bid auction because the auction ends at a specified time and the
>>winners will be those that place last second bids (i.e. not seen by
>>others).
>
>Absolute bullshit. A sealed bid auction does not allow you to bid more than
>once, nor do you know if your bid has been exceeded. Nor is there any
>advantage/disadvantage in bidding early or late, as no-one knows what the
>bids are until the auction finishes.

Hi
 After all the items I've bid on, I'd bid the same amount on
a sealed bid as I'd snipe with. I've learned to look at an
item and determine what I'll bid. I've learned to not change
that amount, regardless of how the auction goes. Why should
one let emotion rule their bid? If the item goes above my amount,
I only watch the auction for interest. I've learned to never
reassess my bid.
 I've found that after losing many bids, I'd rather lose
to a sniped bid than to someone that pennies me up in open
bidding. I realized that that person either doesn't know
what he wants to pay or he may even be a shill bidder.
It is the wrong place for either.
Dwight
Received on Thu Apr 24 2003 - 17:43:01 BST