[R-390] auction scams

[Thomas W Leiper]

On Tue, 30 Jul 2002 23:09:48 -0500 (CDT) "Jim Shorney"
<jshorney@inebraska.com> writes:
...
> I've done it either way, and it really doesn't matter a whole lot. 
> ...it is probably best to go with the proxy system and let the
> chips fall where they may.

If there is a snipe bidder (like me) those chips will
fall my way every time. And all I will have to pay
is one bid increment more than the most you were
willing to pay...which is worth it if I want it. I only
use the proxy if I am not going to be around, and
when I do I bid at least 50% more than the sane
price if I really don't want to lose. But a clever shill
bidder can detect your limit without busting it and
push you all the way to the top for nothing. That's
why I almost NEVER proxy bid.

Wilford Robards

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