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Needs a drop.
Sellers
http://backpack.tf/item/111919193 - 0.88 (unsold for 10 days)
http://backpack.tf/item/94117573 - 0.88
http://backpack.tf/item/126776836 - 0.88
http://imgur.com/a/1nhAk
http://backpack.tf/classifieds?item=Tribalman%27s%20Shiv&quality=3&tradable=1&craftable=1&australium=-1
1 buyer at 0.88, others at 0.77
Doesn't the buyer @ 0.88 counter this price? Correct me if I am wrong.
You are not wrong.
However, there are 3 sellers (now 2 sellers, so we have a sale too at 0.88 that took 10 days to sell) and only 1 buyer. All the automated buyers are at 0.77 and the buyer at 0.88 seems to be offline too. 3 sellers vs 1 buyer. With that being said I consider 0.88 to be a better price for this item than 1 ref, since 1 ref is definitely not a commonly traded point anymore.