Exactly right, but at the end of the auction, and automatically so I don't have to be logged on to bid, which isn't always convenient.

Also, one of the best features, in my opinion, is the ability to set up bid groups. Let's say I want a B17 saddle and there are 10 on Ebay that I could bid on. With a sniping program, I can set up snipes on all of them, and as soon as I win one (or the number I specify) the program will cancel the other snipes so I don't bid on something I no longer need. Note it's cancelling only a snipe within the program; there has been no bid placed with Ebay so there's nothing to cancel there.