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Reply to "Shorter snipe time <sigh>"

Question: If another sniper's bid went in before mine when the item was, say, at $7 and his/hers was $10.50, would it "rise to the occasion" after my $10 bid went in? Like this:

Bid: $7
Sniper A ($10.50 max): $7.50
Sniper B (me - $10 max): $8.00
Sniper A: bid becomes $10.50 to go past my $10 max????????

Fortunately, it's not a big issue . . . this time. <G>

Thanks!
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