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Re: [Spridgets] Cookie Jar

To: spridgets@autox.team.net
Subject: Re: [Spridgets] Cookie Jar
From: Mike Rambour <lists@dinospider.com>
Date: Sun, 03 Apr 2011 15:01:02 -0700
  that perfectly describes me except for the wait to the last minute part.

  I decide what I want to pay for it, sometimes add a little more and 
bid and walk away.  A few days later, I either get a e-mail that I won 
or I get nothing.  But to be fair sometimes I have ended up paying more 
for things than I would have liked because if I really want it, I will 
make sure I get it when I bid.  There was a Lucas SLC/2 switch for sale 
2 years ago at $23 with 4 days left.   I knew it would go over a $100 
but I ABSOLUTELY needed so I bid accordingly, 4 days later when I got 
the e-mail I was a little shocked at the final bid of $430 but I got the 
switch with room to spare on my bid, it really went up over those 4 
days.   Usually (99.9999%) my bids are much more reasonable and I walk 
away and wait for my e-mail, I have NEVER understood this waiting until 
the last few seconds and will not.

  Mike

p.s. still need a second SLC/2 switch but wont pay that again for one 
since the one in that car is more or less complete, I can try and fix it 
unless a good one comes up reasonably priced.

On 4/3/2011 9:34 AM, David Lieb wrote:
>> In "magic number bidding" an auctioneer colludes with a bidder ("the
>> scammer").
> And it is just vaguely possible that there might happen to be other
> definitions as well ;-) Please remember that eBay is not really an
> auction; it is a pre-defined viewing period followed by a bidding
> frenzy with a predetermined ending time. There is no auctioneer and no
> "going, going, gone" involved.
>
> 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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