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did you go to this page on ebay where it explains all the what if's and so on's
It is ONLY OK to retract a bid if...,
You accidentally enter a wrong bid amount (for example, you bid $99.50 instead of $9.95). If this occurs, re-enter the correct bid amount immediately.
The description of an item you have bid on has changed significantly.
You cannot reach the seller. This means that you have tried calling the seller and the seller's phone number doesn't work, or you have tried emailing the seller and it comes back undeliverable.
Before you retract your bid, please read complete information on bid retractions including the Special Retraction Rules.