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quick questions from a newbie

i was reading up on proxy bidding on ebay, and i was wondering if this is exactly what as does. first, does as place a series of bids to keep me as the highest bidder? or does it place my bid in the last few seconds? i know that it wont make a bid higher than my set maximum if there is no reserve on the item, but im a little paranoid about bumping the price of the item un-neededly.

thanks in advance!
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