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<p>[QUOTE=&quot;-jeffB, post: 1445473, member: 27832&quot;]I don&#039;t think split-second timing is the issue with sniping. Like I said before (in far too many words), the issue is <i>what you reveal to other bidders</i>. If you reveal your maximum bid with hours or minutes to go, you give others a chance to analyze it, and react either rationally or irrationally. If you snipe, whether with five seconds or five milliseconds to spare, you deny them that opportunity.</p><p><br /></p><p>If sniping prevails, it short-circuits the &quot;price discovery&quot; function of a market. This gives some bidders a chance to get items well below their true market value. (Not always, of course; there are lots of other sources for pricing information, and lots of irrational bidders who&#039;ll snipe at inflated prices.)[/QUOTE]</p><p><br /></p>

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