on 4/12/02 8:15 PM, dreammoose at dreammoose@xxxxxxxxx wrote:
> That really wouldn't work for technical reasons alone. Many of us, and
> others, use 'sniping' programs that bid in the last few seconds without
> any bidding before that. A few days ago, Jim Brokaw out bid me on an
> item that we both sniped. I bid the most that I was willing to pay. He
> was willing to pay more, so he got it. Seems fair to me.
Sorry Moose... I use the snipe for that reason, and also so I don't get
tempted into upping my offer after being outbid. I did that once and paid
'realistically' too much for a camera, so I had to rein in my
competitiveness, and one way to do it is only give myself one shot.
> One reason people snipe is to try to get a better deal. Some buyers who
> see bids near the end go over theirs will keep bidding up, some kind of
> auction fever? By bidding at the last second, one avoids getting in a
> bidding war one might later regret and avoids setting someone else up.
> If cost is no object, just bid twice what you think it's worth and eBay
> will automatically keep topping others' bids, including snipes ---
> unless you run into a 'greater fool' (a technical term used in the
> economics of pricing).
>
> Moose
>
I've got a whole stock portfolio (a small one...) full of 'greater fool'
buys... I got stuck holding the bag. The stock market -- how to turn a large
fortune into a small fortune (even smaller if you started small...)
--
Jim Brokaw
OM-1's, -2's, -4's, (no -3's yet) and no OM-oney...
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