i gotta add my two sense into this. i'm all for using black hat methods to drive traffic, but i'm not personally into promoting shitty/spammy offers (ex: email submits, etc.)
So whatever your take is on this method to drive traffic to penny auction offers, i must say, the offers through the pennyauctionaffiliate website are crap. Firstly, the prices for bids are outrageous. secondly, as soon as i registered with a company (biggerbidder) - i started receiving junk in my email inbox (im sure of this, tried it twice with virgin email accounts). Finally, when trying to contact the support at pennyauctionaffiliates, i get no response to my emails, and they have a phone number but if you call it, it goes straight to a machine.
bidcactus lookds pretty good tho, i'm gonna give that a try.
btw, i am using CL but not i've greatly twisted this method, which is a great share, thanks to the OP