That exactly describes how I buy on Ebay.
I will not get into a bidding war, I will only pay what I'm comfortable
paying, and no more.
There will always be another sale of the same kind of thing, I don't have to
have "this" one.
Rick (winning ways) Bastedo
From: David Lieb <72spridget at gmail.com>
To: corvallis at peoplepc.com
Date: Sun, 3 Apr 2011 11:34:46 -0500
Subject: Re: [Spridgets] Cookie Jar
<snip>
In my case, "magic number bidding" on eBay involves no collusion.
Instead, the bidder simply analyzes the value of the item to himself.
In other words, he decides on the amount that, if he wins the auction,
there will be no buyer's remorse, and if he loses the auction, he will
not kick himself for not bidding higher. With the time as close to
running out as he feels comfortable with (many factors influence this,
from connection speed to antsy-ness), he places one and only one bid,
preferably so late that even the snipers have no time to react.
Assuming he accurately determined his magic number, the outcome is
acceptable.
David L
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