Re: Strange bidder on this item

[russotto@grace.speakeasy.net (Matthew Russotto)]

In article <20031003205527.05023.00000242@mb-m18.aol.com>,
Michael J. Mahon <mjmahon@aol.com> wrote:
>
>Well, one theory of bidding is that if you see something you
>like that you are willing to pay $x for, then you immediately
>(and finally) bid $x and wait to see if you get it.

Great theory -- for sellers.  If everyone followed it, it would work,
but people who don't follow it and get into a frenzy drive up the price.

I think the theory that has proven out over time is that if you see
something you like that you are willing to pay $x for, then you wait
for the very end of the auction and bid $x for it.  Sniping works.

(especially if the auction ends at 3am and the other snipers didn't
stay up late enough :-) )
-- 
Matthew T. Russotto                            mrussotto@speakeasy.net
"Extremism in defense of liberty is no vice, and moderation in pursuit
of justice is no virtue."  But extreme restriction of liberty in pursuit of 
a modicum of security is a very expensive vice.