Posted By:
JoannEbay specifically says that retracting a bid that was placed only to discover a reserve is a big no-no. I can see how someone can inadvertently enter something too high and retract. But when the auction has a reserve the practice gets fishy in a hurry.
Even blind ebay recognizes this, and in their Bid Retraction guidelines and rule they clearly say that retracting a ridiculously high bid after reaching a reserve will get all the wrong kind of attention. The policy is you can't make a bid that you have no real intent on paying. I'd turn him in - you might actually get somewhere with it.
J