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Old 11-17-2008, 06:38 PM
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Default Sniping - For it or 'agin it?

Posted By: Eric B

Yes. Here is the last part of your first post (within the .....). You challenged us to prove you wrong, so I did.

........But if I wanted to counter I can't because of a Snipe set at 30 seconds left. So the price stays lower than it could have in the end. To my mind - price manipulation, but feel free to prove me wrong..........

My thoughts are that the sniper put in his final highest bid. Had you also done so, the price would have gone to the highest bidder at an amount 1 increment higher than the second bidder. By not placing your true bid, the price stays artificially low. Therefore you were manipulating the price on the downside.


Joe, I just noticed you were saying the same thing happy.gif

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