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#11
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On Feb 9, 11:41 pm, wrote:
Bidding fever.Whatever you think something is worth,set your price and stick with it.If you don't win the bid,there will always be a next time. cuhulin I started using Ebay when Ebay was new and most people never heard of it. I've been using Merlin Snipe software for years. It allows multiple auctions, as many as you want. It lines them up in a list with item number, item description, current price, my bid price (if any; you can just monitor an auction if you want), high bidder (if any), auction ending time, and time left. Merlin also synchs your computer clock to ebay time to the second. In the early days I hung over my computer to manually snipe, but you can't do that unless you work at a computer, which I don't anymore. I learned early that if you want to get the best price, you had better put your bid in at the end of the auction. People who disparage sniping don't realize what's going on. Example: A Transoceanic A600 on ebay is currently at $37.00 (not really, just rhetorically). Three days seven hours to go. I want this radio so I click on the auction number, and because I have "auction grabber" enabled the auction is automatically placed on Merlin's list. There are other people vying for this radio, too. Two of them use Ebay's proxy bidder, which Ebay uses to boost its profits by causing auctions to automatically run up higher. One guy (newbie) thinks that he will go up to 68 dollars, and another (doofus) thinks $72.50 is his limit. He really doesn't want to pay that much, but he doesn't know very well how this works. He doesn't think that the auction will go up nearly that much. As soon as doofus places his $72.50 bid into Ebay, the auction suddenly shoots up to 69 bucks from 37. What happened? Ebay's proxy engine working for both newbie and doofus automatically and quickly bid against each other, and since doofus is bidding more that newbie, and newbie's max is 68, and the auction rises in $1.00 increments, the price for the radio is suddenly $69.00. Newbie is done and leaves this auction. Doofus is high bidder now, and is unhappy and wondering what happened to the price. Time goes by and another bidder bids up one increment and now the radio is $71.00 with doofus still the high bidder. From 69 to 70, then Ebay's proxy engine on behalf of doofus goes up another increment to $71.00. Later is see this auction and the current results, and I calculate that this radio has a leatherette cover that is in dirty but good shape, will dye nicely and the few bad spots will easily repair with liquid vinyl patch. The latch is all there, the chart/log book has it's dial, antennas all there as well as tubes, thumbscrews, and suction cups. It even has a manual. The radio is inoperative but that's fine since I will do an electronic restoration on it. Restoration will not be too difficult and restored it will be worth over $200.00. Shipping is a reasonable $24.00. I do not know what others have bid, but I set my snipe at $86.00. My snipe program is set to snipe at 8 seconds. That is about as close as you can get to consistently snipe. The backbone of the Internet is routers, which are computers that route "packets" of data. There are time lags in each router. And between routers, bandwidth (read: speed of transmission) has nothing to do with each other and vary greatly. Who knows how many routers there are or what the bandwidth is between each? Now there is another person (qtcat) that wants this radio bad. She bids $75.00 and now the radio is up to $73.50; doofus's $71.50 plus the bid increment of 1 dollar. If I was to get into a bidding war with qtcat the radio can shoot up to well over $100.00. But at 8 seconds Merlin Snipe puts in a bid, the bid arrives at 4.35 seconds later, the radio is now suddenly up to 76 dollars, qtcat can do nothing about it, and I win the auction for 76 bucks. whew That's the way it works |
#12
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On Feb 9, 8:53 pm, SamSez wrote:
You still don't get it. If you place a higher value on it than I do, fine, you still don't need to 'snipe' it to get it. Just bid what YOU want to pay. The 'stupid' part is thinking you are getting one over on somebody bysniping. If everyone bid the most they were willing to pay the FIRST (and only) time they bid, you'd be right. But a large % of ebayers don't understand proxy bidding and don't bid their max. So you're wrong. There are other reasons why sniping is the best strategy, but since you can't get past the obvious one, I won't tax your brain with the rest. |
#13
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On Feb 11, 2:44 pm, wrote:
On Feb 9, 8:53 pm, SamSez wrote: You still don't get it. If you place a higher value on it than I do, fine, you still don't need to 'snipe' it to get it. Just bid what YOU want to pay. The 'stupid' part is thinking you are getting one over on somebody bysniping. If everyone bid the most they were willing to pay the FIRST (and only) time they bid, you'd be right. But a large % of ebayers don't understand proxy bidding and don't bid their max. So you're wrong. There are other reasons why sniping is the best strategy, but since you can't get past the obvious one, I won't tax your brain with the rest. I do not believe that there is any further point in discussing the matter of sniping. Perhaps the people who do not understand lack experience, knowledge of the system, or just cannot get their minds around the strategy. Let those that know what they are doing continue to win auctions at the lowest possible price given the extant circumstances, and let those who want to rely on Ebay's proxy system continue to lose auctions, and pay more than they had to when they win. If this debate continues, it may degrade into more name calling. I'm done. |
#14
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Moonman wrote in
: Very informative, tack! The last part of your narrative represents just how I have always understood that sniping can confer an advantage. The first part nicely exemplifies why it's not good to bid your maximum early. As regards the contest with qtcat at the end, however, are you saying that your snipe doesn't leave eBay's proxy bidding software time to respond before the auction closes? Because, true, if qtcat is PERSONALLY watching the auction and bidding in small increments in response to each opposing bid, you've got her. However, if she wants the thing as much as you postulate, then she probably put in a top bid of, say, $150, as soon as she saw it, and your snipe bid will be instantly and automatically exceeded by $1 in the last second of the auction. Please respond. I may learn something. Cordially, Moonman And you wound up paying $1 more than she considered it to be worth in the first place. Whoopee. She goes away happy, and you go away stupid. Have you never attended an auction? Do you not set a personal limit for each item when you preview the goods? You could have bid $151 on the first day, without giving up your personal details to a sniping service. [Learn something? Yes, you have shown us all the kind of myopic reasoning that leads one to believe that sniping is beneficial to anyone other than the seller.] |
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