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Re: [Amps] eBay

To: "Tony King - W4ZT" <amps@w4zt.com>, <amps@contesting.com>
Subject: Re: [Amps] eBay
From: "k7fm" <k7fm@teleport.com>
Reply-to: k7fm <k7fm@teleport.com>
Date: Wed, 4 May 2005 06:34:52 -0700
List-post: <mailto:amps@contesting.com>
Holding your bid until the last few seconds accomplishes nothing, because
many of the bidders use "sniping" programs, which automatically check the
bid at the last few seconds, then up the bid to their maximum.

While it appears that someone knows how much you bid, because the ending bid
will come at the last second, just barely higher than yours, it is all part
of the legal bidding process.

Let us say you put in a maximum bid of $99.99.  If the bidding process gets
to $97.50 and your bid must be $2.50 higher minimum, then the sniper program
will come out at $100 and appear to have beaten you by a penny.

The secret is, if you want something, put in the maximum bid you are willing
to pay, then forget about it.  Where bidders get messed up is when their
maximum bid changes depending upon whether or not someone else wants it.  If
you want something, what someone else is willing to pay for it is
irrelevant.  It only matters what you are willing to pay for it.

I sell a few unwanted things on eBay, and from friend's estates.  What I
find is that a number of people have money and hate to lose at a bidding
war, so they bid more than it is worth.  To them, losing a bidding war is
failure.  That is perfect for a seller.  Keep it up.

73,  Colin  K7FM



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