[meteorite-list] eBay Sniping strategy

From: Matson, Robert D. <ROBERT.D.MATSON_at_meteoritecentral.com>
Date: Wed, 17 Mar 2010 20:49:42 -0700
Message-ID: <7C640E28081AEE4B952F008D1E913F1702F554FF_at_0461-its-exmb04.us.saic.com>

Sniping is simply a strategy that capitalizes on the fact that the
vast majority of people are unlikely to monitor online auctions (of
which they are a participant) in the closing minutes. As a result,
whatever limit bid, X, the leading bidder has established can easily
be trumped in the final seconds by another bidder bidding X+delta,
where delta is the minimum differential bid. Experienced eBay buyers
employ this strategy at all times, whether in person or through a
cyber-agent. --Rob
Received on Wed 17 Mar 2010 11:49:42 PM PDT