Ebay in Peril? Sniping at fault.? Message Board

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Technology Stocks : Ebay in Peril? Sniping at fault.?

EBAY 99.56

0.0%

Oct 29 3:59 PM EDT

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To: Bill Jackson who wrote (57)	1/29/2003 5:38:13 AM
From: KeepItSimple	Read Replies (3) of 72

you idiot, people who put in their "max" bid quickly find that the shill bidders (the seller) just run up the auction until they reach a point where the REAL buyer has maxed out. then they retract the last shill bid, or if they cant retract it they simply contact the #2 bidder and tell them that the #1 (shill) didn't want to buy the item. this happens on about 90% of ebay auctions now. it has become a total scam. if you enter a max proxy bid, it WILL be hit, 100% of the time. not 50 or 80 or 90 percent of the time, but 100%. the system is fatally flawed.

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