Thread: Explain this...
View Single Post
  #14  
Old 03-11-2012, 12:04 PM
frankbmd's Avatar
frankbmd frankbmd is offline
Fr@nk Burke++
Member
 
Join Date: Nov 2011
Location: Between the 1st tee and the 19th hole
Posts: 7,507
Default

Quote:
Originally Posted by novakjr View Post
Yeah, I think there's a chance that this guy overthought this whole thing. But yes, I agree about your assessment. His bidding pattern accomplishes 1 of 2 things, to get the card cheaper. A)The bidding looks suspicious, and may keep someone else from bidding. and B)Any thought would point to his high bid being $100, and people may not bid again, knowing that they don't wanna go that high.

Either way this guy's trying to score the card closer to $60, than 100, and this bidding pattern might accomplish that. Unless, someone wants to counter-dick him...
With one dollar increments below the $60 level this one was easy to figure out. Thanks to Moonlight I was vindicated. Another pattern exists though and I haven't actually seen it. If you outbid yourself, you do not have to exceed the increment of an existing bid. Therefore you could place 100 bids with one penny increments raising your bid by only only a dollar in an effort to intimidate other bidders without putting yourself at risk.

I hope this bidder is not on this board or else next week we will talking about the Ebay item with 1000 bids.
Reply With Quote