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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: waldo who wrote (3514)12/14/1998 8:08:00 AM
From: Buckey   of 37507
 
eBay buyers cheated in fake auctionsOnline auctioneeers suspends user suspected of selling at least $30,000 in items he didn't have

I would like to preface my comments with a statement that I have traded BII many times and really am not a whole lot ahead after all is said and done.

I would not hold this stock long term as I believe the concept is nothing more than a gimmick. I have little or no faith that this is anywhere close to an auction and that there are no great bargains to be had. I believe they have set prices for every item which is the minimum they will sell an item for.

Just like Walmart, Canadian Tire and the BAY, They have set profit margins required for each category and must deliver on those.

having said that, I could take another long position today
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