Strategy Help - GoDaddy Expiring - 5 minutes left - 0 bids

[Beezy]

Twice today I saw auctions with zero bids with 5 minutes left...I make the first bid and it triggers a bidding war both times.

Obviously this strategy is flawed? Are people seeing the bid and then jumping in? (they were good names)

Should i wait until it drops to $11?

How do you approach these auction situations?

Thanks!

 

[GoKaizen]

If the domain is repossessed the process is different?

 

[italsat]

i have see domains in close out $5 , not bid , i think this is repossessed.
If you have this domain in watch list , this domain return at $10 in 10 days auction , if this domain not make a sale , go up .

I have find domains that i not have buy at $5 closeout , in few months go to $99 auction 30 days

 

[m0ss]

If the domain is at 10, there's a back order on it.

 

[dennisok]

Thanks for these guides!

 

[Soofi]

subscribed!

 

[rhakim]

Good domains most of time is like that, even bidding at last minute.

 

[Andrew Knox]

Ugh! I need to move to a more domaining friendly timezone. Is automated bidding not against GoDaddy ToS?

 

[NameGroove]

If the domain is at 6/7 minutes with no bids, just leave it and buy it when it hits the closeouts ASAP. I've noticed when I bid during those last few minutes, I always get countered.. so I stopped bidding to see who wins the domains and it was HugeDomains.com.

I'm finding this to still be the case. No bids at 5 minutes, I make a bid - suddenly a bidding war breaks out and it sells for $150. Is it still conventional wisdom to let it go to closeout and pick up there (assuming no bids in last 5 min)?