I understand Wes's strategy and I think it's reasonable, (and one I emulate to a large degree). I have to agree with Tom I'm not prepared to stay up to midnight to follow it though !
Of course it's largely defeated by gunbroker that extends the auction end by 15 mins each time a bid is placed during the last 15 minutes, a boon to the seller, I think. (Or is it auctionarms, I can't remember).
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