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Technology Stocks : eBay - Superb Internet Business Model

EBAY 92.77

+1.7%

10:44 AM EST

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To: Bill Jackson who wrote (7046)	9/26/2002 8:02:39 PM
From: AJ Berger	Read Replies (4) of 7772

Option's Action getting ebaY noticed schaeffersresearch.com -------------------- Bill, I hear your point about that "going going gone" auction model. Perhaps an auction sight that competes with ebaY should give it a try. Trust me; as much as I may snipe, it's a pretty annoying way to trade. I've missed many a snipe auction stuck in traffic or still fast asleep. But on ebaY if you can't beat'um, you join'um... I'm sort of a computer nerd, so I gave your idea some thought. Here's a way it could be logically coded into a computer program. When the auction ends, the highest bidder and his price is shown. For the next 60 seconds anyone can submit a higher bid, but those results are Not shown. Finally when the auction end + 1 minute hits, the new highest bidder is revealed, and again there is a new 60 second period for more bids to come in that are not revealed. Finally, at auction end +2 minutes, if no more bids are submitted after the next 60 seconds pass, then the latest highest bidder becomes the final winning bidder, and the auction is closed. That iteration of the last 60 second bidders can repeat until no new bids are registered for a last 60 second period. Now go start your own auction sight, and let me know later if you need venture capital...

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