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

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To: NorthWolf who wrote (586)7/28/1998 12:36:00 AM
From: John BOYCE  Read Replies (2) of 37507
 
Check out Amazon,just lost .40/share for 2nd Q and stock over $100. Investment community was quite happy with their results. Netscape has never made money and I think read somewhere they aren't projected to for the next year or so and that stock is around $35. Internet stocks are hot right now and IMO, Bid.com is doing just fine. Sure they may have made some mistakes in the past, every company does, and yes, this may have pissed off a lot of people, but I think they have turned the corner in 98 and things to me look good. At 1.60, I think the stock is cheap and the downside below 1.50 is slim, again IMO, but the potential is huge. They project revenues of 30 million in 98, and their site has 20,000 hits a day, so they obviously are doing something right. Good luck John B.
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