Re: Strategies for Buying Test Equipment off Ebay

On Fri, 26 Oct 2007 14:04:43 -0700, D from BC wrote:
On Fri, 26 Oct 2007 13:31:29 -0700, Jim Thompson
On Fri, 26 Oct 2007 13:22:46 -0700, D from BC

Here's a few observations I've been thinking about when buying test
equipment off Ebay..
[snip]
2) Bidding soon may attract other buyers...Bidding late and there's a
risk of losing the bid.
[snip]
My one and only experience buying from eBay...

I found some way to bid that set a maximum I was willing to offer but
all that showed was my automatic tracking bid.

I got the item WAY under my maximum.

(USPS is CHEAP.)

I'm still a newbie on Ebay and I think I've witnessed this..
I was observing bids on an item for sale. (Not me selling)
I saw one buyer do 5 consecutive bids for some reason..
I think I know why now..
Perhaps it was to incrementally beat the tracking bid.
Maybe it was like this for that bidder...
Bid..then response..lost bid...
Rebid...then response...lost bid...
And cycling until the that bidder is able to counter the other bidders
max bid value..
I think that's what's going on..
If so..then doing a max bid near closing should get interesting..
Gets kinda like a lottery..

This is called "sniping", and people have been doing it for years.
Two or three people will be bidding against each other, and each tries
to be the last one in with the winning bid.

The last thing I bid on, I was the only bidder. ;-)

Cheers!
Rich

.

Relevant Pages

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