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#15
Today, 08:00 AM
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There are two reasons to snipe :
1 - you put in a bid so late that nobody will have time to outbid you. 2 - you put in a bid so late that YOU will not have time to bid again if somebody has outbid you. Either way, resetting the clock defeats both of those strategies, so of course the prices will go higher, and of course shilling will sometimes be involved. 
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