There I was, little ‘ol me, happily clicking away in an ebay
auction. A few hours earlier I had been browsing for furniture and had immediately
fallen in love with two wooden chairs. I had put in a bid right then and there.
Now it is 15 minutes until the auction closes and I’m feeling confident in the
lead as the highest bidder.
6 minutes to go and
I’m still the top bidder at $25. Inwardly I’m congratulating myself on scoring
such a bargain. I’m mentally planning where I will put the chairs. “They’d look
great by the window...” I muse, “Maybe with a cushion in a contrasting
colour...”
3 minutes to go and still winning. Oh Joy! I’m so thrifty.
1 minute. All good, wait, no, hang on a sec - BAM! I’ve been
outbid.

The condolences email from Ebay comes as a slap in the face.
“You missed out this time, but don’t give up. Here are some other items you
might like.” Ebay, you don’t get it, they were my chairs! They were going to go by the window. They were stolen
from me!
After walking away from the computer and gaining a little
perspective, my “first world problem” induced rage was slightly mollified.
However I did still feel the need to whine about my plight on facebook in my
status update.
To my surprise, a minute after posting said moan, an angel
commented in the form of my friend Nat. She recommends I check out Auction
Stealer.com. What is this auction
stealer? It sounds illegal. Am I about to enter a life of crime?
Turns out it is a legitimate auction bidding service and
it’s totally free. According to auction stealer:
By automatically placing
your bids at the last possible moment, AuctionStealer allows you to rest easy
knowing that your competitors will have literally no time to react to your bid.
Schedule your bid at your convenience and AuctionStealer places it with seconds
to go, leaving you free to go about your business without worrying about when
to bid next.
Why
should you snipe?
"By waiting till the last second you can save money and not deal with the headache of a bidding war. Why pay more...if you don't have to?", explains AuctionStealer. "By placing your bid through AuctionStealer you will end up on top."
"By waiting till the last second you can save money and not deal with the headache of a bidding war. Why pay more...if you don't have to?", explains AuctionStealer. "By placing your bid through AuctionStealer you will end up on top."
Amazing! You never need to
lose an Ebay auction again. Well, unless other people are also using a sniping
service.So far I have used
auctionstealer.com successfully 3 times (they cap you at 3 auctions a week if
you use their free service). I am a total convert. But it does raise the
question: does using automatic computer generated bidding make the whole
experience less ‘human’ and fair?

Both Algorithmic trading and High Frequency Trading are managed by complex
computer programs that have no interest in the company’s assets, people or
prospects, only the ability to generate profit. And all this is done at a speed far superior
to a human.
Hmm, it sure does make you wonder...Maybe the Matrix’s view of
the world wasn't too unrealistic after all.