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Reply to "Using a BIN to reserve a widget."

I doubt that this is acceptable - the eBay bid retraction page says:

It is OK to retract a bid if...

You accidentally enter a wrong bid amount. For instance, you bid £99.50 instead of £9.95. (If this occurs you will need to quickly re-enter the correct bid amount.)
The description of an item you have bid on has changed significantly.
You cannot reach the seller. This means that you have tried calling the seller and his or her phone number doesn't work, or you have tried emailing a message to the seller and it comes back undeliverable.
It is NOT OK to retract a bid if...
You change your mind about the item.
You decide you can't really afford it.
You bid a little higher than you wanted.
You bid on multiple listings of the same item and you don't want to purchase all of them.

I think what you are doing is fraud.
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