I too have lost out many times to snipers, but I look at it this way....

If I am interested in an item, and I personally determine that I am willing to pay a 
maximum of $X for it, then I will submit a bid in the amount of $X.

If someone else bids more than $X, either a day before the auction ends, or two 
seconds before it ends....what's the difference?  They were willing to spend more than 
I personally decided that the item was worth.  

That doesn't mean I won't be disappointed in losing the item, but if it goes for more 
than I personally felt it was worth to me, that was my decision.

Other opinions?
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