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In lugnet.lego.direct, Pedro Silva writes:
> Actually, I'm sort of confused as to what exactly that "iron horse"
> (ferroequus, whatever...) dude was doing - why did he successively outbid
> himself?
Frank explained the mechanics, as for the motivation I speculate he was
trying to outbid the current high bidder but by just a little. That's a sign
of indecisiveness, inexperience, or possibly bid shielding.
Hope that helps.
FUT market.theory as it has to do with the whys and wherefores of bidding.
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Message is in Reply To:
 | | Re: $2,137.00
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| (...) Actually, I'm sort of confused as to what exactly that "iron horse" (ferroequus, whatever...) dude was doing - why did he successively outbid himself? Pedro (who knows virtually nothing about the fantastic world of auctions) (22 years ago, 12-Apr-02, to lugnet.lego.direct)
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