Thanks for all the input.. I also do bid in small, irregular increments, so what I saw is probably not too far off what I look like (excepting the 38%). I guess at the end of the day, a healthy bit of cynicism and caution is good, but I won't over think this subject going forward.
Some of the other instances brought up by board members that I'd read about (and got my attention) were much more obvious... Very low feedback totals and 80-90% bid activity with less reputable sellers... These were subject of recent threads, and specifically about some of those raw card auctions that were selling for seemingly more than their graded equivalents.
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