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Technology Stocks : Ebay in Peril? Sniping at fault.?
EBAY 81.31-2.9%Oct 31 9:30 AM EST

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To: caly who wrote (15)9/30/2002 5:45:22 PM
From: Bill Jackson   of 72
 
Calypso, Well, the true sniper wants his bid to arrive at the last seonnd so no-one can react to it.
true a higher proxy beats it, but many people do not trust the proxy system so they want to bid.

Your strats sound OK for your purposes.
I have bought about 50 items and sold about 300 items.

As a bidder I want to snipe to the max, as a seller i want to get the last bids from the weaker players on 33.6 modems, so I am in favour of a delayed close window that does not close until after 2-5 minute of no new bids has occurred.

In addition, I set the price a good 25% below market value and hope that appeals to people. When i do a buy it now I set it a liuttle below market. Those that know market and want it will buy it now.

Bill
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