Moving up on the curve

unclebobsgoodjazzMember

I'm a newbie - When I lost (9) out of (10) bids on a Saturday before last; I decided that I had to either become a sniper, or just forget about bidding. - My first day I won (0) out of (0). The second day I won (2) out of (6). Yesterday I won (7) out of (11). - I think that I might be starting to get the hang of this. - I was wondering if the following game plan makes sense: When I see something that looks interesting and has a BIN price; I'll put in a bid at about the starting minimum to eliminate a BIN buyer. I then will put in an AS bid at what I think it's worth to me. - Otherwise (with no BIN price shown)

, I 'll just go ahead and place an AS bid at about my maximum limit. - Any suggestions/comments will be heartily appreciated; I can use all the help I can get

11/22/033:18 PM

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bartelbyMember

Hiya Jazz

I am sure everybody here will think that is a mighty good plan of attack .

Hope to see you around the forums somemore

Lexie

11/22/033:21 PM

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idratherbeshoppingMember

Sounds like you got it. Also, check the help area and these chat areas for bid groups. You will find that is the next step up. WELCOME!!!!

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11/22/033:28 PM

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rickMember

quote:
Originally posted by unclebobsgoodjazz:
When I see something that looks interesting and has a BIN price; I'll put in a bid at about the starting minimum to eliminate a BIN buyer. I then will put in an AS bid at what I think it's worth to me.

Someone called it "BIN stomp".
>>> CLICK HERE <<<

11/22/033:53 PM

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idratherbeshoppingMember

Most of the time (without the BIN) you just set the max on AS. Sit back and talk on the forum. then see what happens.

[img]http://ladish.wz.cz/an041.gif[img]
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11/22/034:00 PM

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jlr43Member

That sounds like a good plan for a BIN auction. By bidding at the starting bid you're eliminating the BIN option and gives you a chance to get it for a better price. I'm sure the seller doesn't like your strategy tho.

As a seller I usually set my BIN price just a little higher than the opening bid. When I sell it's to get rid of stuff, not really to make a whole lot of money. The one time I sold a high priced item I set a BIN price, a low opening bid to attract buyers and a reserve. Your strategy would not work in that situation unless your max. bid met or exceeded the reserve (which in my case was a little less than the BIN).

It's a great idea for a BIN auction with no reserve tho. I'll have to remember that. Thanks.

11/23/036:16 AM