<Why do you snipe when you can just enter in a maximum and walk away?>
Because placing my maximum bid days before the auction ends may result
in newbie bidders nibbling away at my bid, thus driving up the price.
Bidding at the last possible moment ensures that nobody gets a chance
to react to my bid.
<If you lose a bid due to someone else sniping you, do you get angry/
frustrated?>
Not at all. It simply means that someone was willing to pay even more
than me. Never get territorial about an item you haven't actually won
yet.
Here's an excellent guide to sniping:
http://members.home.net/cruenti/ebay/snipe.html
/Alexander
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