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Lead time completely off base--and cost me an item

Hi,

I have a lead time set to 4 seconds, and just watched my second item in two days end... with the bid placed some 40 seconds before the auction ended. Because of this, on the more recent item, the runner-up had a chance to up his bid with a last-minute additional snipe. If the bid were placed anywhere close to the auction end, I would have won. What happened? Auctionsniper used to work so well... and now this!
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