Cashflow

I (well, we. ‘We’ meaning me and Luke a bit) decided to buy the Cashflow board game on Ebay (since the retail is $200 and I figure I coulda squeezed a few bucks out of it buying it on Ebay). Well, I looked on Ebay after looking at retail stores like Amazon or Half.com for it. I looked at all the auctions and settled on a $150 auction. A few people bid on it but it was still 5 hours away. Luke suggested that I bid the highest amount I wanted to pay for it now but that seemed a little illogical. If I’m bidding my highest price 5 hours from the closing of the auction, there’s gonna be somebody else who’s willing to pay higher for it.

So my strategy is not to bid anything ’till 4 seconds before the bid is closed. If you bid more than a minute from the closing, the bidder before you will know that you are out there wanting the same thing that he/she wants and will stop at nothing (’till the price get’s too high) to beat you to the bid (that’s how I look at it at least).

So that’s why I don’t bid more than a minute before the auction is finished ’cause they will know I want it too. You could say I’m hiding in the cyber-bushes and spring out to attack/bid 4 seconds before the prey makes a run for it (if you know what I mean). It puts another spin on the whole bidding scene.

Plus, if you wait ’till the last second, you won’t have to “claim your territory” by bidding the highest amount your willing to pay. If you wait ’till the last second, you can just raise the bid by a buck instead of $20 to win.

Needless to say, I won the bid.