Subject:
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Re: Pulled off a snipe.
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Newsgroups:
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lugnet.market.theory
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Date:
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Wed, 26 Jan 2000 21:32:09 GMT
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Viewed:
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676 times
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In lugnet.market.theory, Larry Pieniazek writes:
> I was ready to go 100 and if it wasn't for sniping, I would have. But
> why go 100 if you can steal it away for 96 by a little sniping, that's
> what I'm saying.
I don't get it.
You could have just bid $100, and since the second-highest bidder bid $95, you
would still get the item for $96.
If the other bidder really wanted this item as bad as you did, s/he should
have set a higher maximum bid up front, instead of trying to be "ready to go
with a counter".
The fact that these all happened in the last few seconds should be irrelevant,
right?
To me, the real benefits of sniping are:
1) By placing a bid, you commit yourself into buying that item. You may want
to postpond your commitment as late as possible, so you can still shop around
in the mean time.
2) By sniping, you know whether you get that item right away, so there is no
uncertainty.
Cheers,
Hao-yang Wang
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Message has 1 Reply:
 | | Re: Pulled off a snipe.
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| (...) IF they didn't decide to go 101. By sniping, they didn't get the chance to decide to do that. They tried to snipe me at 95 with 20 seconds left... I sniped back and it was in fact the fact that I did it with only 10 seconds left that denied (...) (25 years ago, 26-Jan-00, to lugnet.market.theory)
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Message is in Reply To:
| | Pulled off a snipe.
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| and I feel kinda bad about it. I've never actually successfully sniped anyone before. This was for: (URL) is not even for me... my father in law asked me to get it. I got it with 10 seconds left, the other bidder outbid me at 20 seconds left but (...) (25 years ago, 26-Jan-00, to lugnet.market.theory)
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