Retractions
I have a question about retractions. I have never retracted a bid but I use snipe services.
Lets say I bid $200 on an item and I'm currently the high bidder at $100. Someone comes in and starts bidding to bump my bids up incrementally until they surpass my max bid. At that point they know what my max bid is and then retract their last bid to leave me at my high bid of $200.
In this case I would feel justified in retracting my bids.
My question is, What would happen if I retracted my $200 dollar bid? Would the other bidder have the high bid now at just under $200?
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