Playing a business simulation game and trading stocks run by other players in the game, i have accidentally stumbled across the wonderful world of the snipe. Actually, I recall reading an article or seeing a program on TV about sniping on Ebay. Sniping is a bidding practice in which the bidder(sniper) waits until the last minute of the auction, and then places a bid a penny or two higher in order to win the auction with the smallest possible bid.
The sniper avoids the majority of the risks of an early bid:
1)triggering a bidding war
2)not obtaining the item
3)having money trapped in escrow during the bidding time period not being useful.
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1 comment:
Snipe is fun, but it can easily make the news. It is only really necessary when the company you wish to take over has the player online.
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