EBAY

[Bob Miller]

Hi mate,
    It's bad enough I have to wade through this Ebay crap on the regular
newsgroups, but to have to be dig though this dung on my listserver mail is too
damn much.  Please stop it.
    tnx es 73
    Bob, KE6F

David J Adams wrote:

> Ah...this is fairly simple.  When you bid on Ebay, you put
> in a maximum bid.  The bid is incremented by whatever amount
> the seller specifies so that if you win, your final bid could be
> less than your max.
>
> For example,
>
> A widget is up for auction for a min bid of $1000.  Being hot for
> widgets, I set my max bid at $2000.  My bid is entered on screen at
> $1000.  However, my arch enemy Chris, the widget-wannabe, sees the
> widget and sets his bid to $1500.  My max is higher, so the current bid
> is incrimented to $1501.  Chris goes through a few rounds until he
> sets a bid level above my original $2000.  At this point, he holds the
> highest bid of $2001.  I am notified via email that I am outbid.  I realize
> that for $2000 I can buy an Olympus Dl-600 and still have enough cash
> for a K2 kit from elecraft, so I pass and let Chris have the widget.
>
> Dave
>
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