Paul Stenquist
Tue, 23 Nov 2004 03:37:52 -0800
>
>I would guess that nine out of ten experienced bidders are snipers.
>Peter's practice of setting a limit on his top bid is a good idea.
>But placing it in the last ten seconds would give it a better
>chance of success. The earlier you place a bid, the more it tends
>to drive the price up, and the greater the chance that it will
>be topped by someone else.
Two things have developed in my bidding strategy.
First, place that bid about 2 days before close. This gives you the base
amount that others will bid against. If you wait too long then you may easily
not have the highest bid or you'll be the one driving the price up. Be early,
but not too early.
Second, the higher your feedback the less people will try to compete with you.
After I passed 500 I started winning more.
The number is perhaps intimidating to some.
I don't manually snipe. Haven't done so in over a year. And I've never used
an automated sniping tool.
Sincerely,
C. Brendemuehl
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