TechCrunch reports that Jellyfish.com is reporting that Jellyfish.com is drawing traffic to their site by having a reverse auction. The company plans on holding the “Daily Smack” reverse auctions every Monday through Friday.
An unknown quantity of product is posted on the site at the regular 
price.
Every little while, the price drops.
Do you buy or hope it will go cheaper and possibly miss out?
Here were some of the recent buys:
On the first day the event was held, 10 people got Apple 2GB iPod Nanos for free. On Friday 50 SD-P1700 Portable DVD Players were sold in the Smack, some for as low at $60. Thursday’s PowerShot SD450 Digital Camera never fell below $100. Ipods sold for $200 down from $350.
LOW-BID-WINS on September 21st, 2008 at 1:09 pm
Yes, Reverse Actions is launching in U.S. this month, Low-Bid-Wins.com is eBay on steroids, register for FREE. I saw it in Europe two years ago, and all one has to do is research all the zero bids which won BIG ticket items, like a huge Giveaway.