There is absolutely no reason to bid on something unless you plan to buy the
item if you are high bidder.
John
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----- Original Message -----
From: george <geanders@xxxxxxxxx>
To: <olympus@xxxxxxxxxxxxxxx>
Sent: Wednesday, December 01, 1999 4:04 PM
Subject: Re: [OM] Ebay
>
> >
> >But I still never bid on something unless I plan on buying it. If I'm
> curious
> >about what something goes for I'll just bookmark it and look at it after
> the
> >auction is over. It helps me to resist the temptaion to bid thousands of
> >dollars on a whole bunch of stuff, most of which I already have. It's
> amazing
> >how tempting that can be! <g>
> >
> >Paul Schings
> >
>
>
> This is my policy as well. Seems pretty simple to me. And I only bid if I
> plan to buy the thing. Seems like a no-brainer to me.
>
> Unlike Chip, Dirk was saying he'd place a bid if he's "pretty sure he'll
be
> outbid because he 'knows' the value of the item (unlike the rest of us
> uninformed bidders I guess) and then there's no harm" Well, to me that
says
> he must bidding pretty high if he can only be "pretty sure" he'll be
outbid.
> EG: instead of bidding $23 on an item presently at $22, maybe he bids $90
> cause he's "pretty sure" it'll go for $100. Well, he's pretty well
assured
> that it will rise quite a bit in price because whenever a bidder tries to
> enter a bid, he'll be automatically outbid by Dirk's $90 bid. No one can
> purchase this item for a 'bargain' price because Dirk's bid will keep
> driving the price up to just below his percieved value. Now this is a fine
> technique if you really want the item and are willing to pay no more than
> $90, but to do it just to track the item is the same as being a shill for
> the seller.
>
> George
>
>
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