I've just used Auction Sniper for the first time this week, and won the first two auctions I put snipes on, for a fraction of what I could have easily run the price up to if I had been bidding early. The last several times the identical items were auctioned on eBay I was just watching but the prices closed 5 or 10 times higher. This is not good news for eBay sellers, but I'm happy.
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