Posted By:
Jim VBAl,
Ouch! Did we get a new snipe service shortly after?
One thing to be careful of. If you and some other fool (me, for example) enter exactly the same snipe, the bid entered first wins. So I chose not to set my timing at 3 seconds. I have mine set at 10 seconds (and it usually hits between 10-12 seconds before close.) I try to time it so that someone else doesn't have time to react, but I do want to be in before they are.
Edited to say- I actually lost an auction this way about a year ago. I had my settings at 5 seconds. The other guy went at 8 seconds and we had identical bids.
Edit Part deux- Actually, you can lose even if your bid is higher than his. If your bid comes second but is NOT up to the next bid increment, it won't take.