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

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To: F. Evans who wrote (1598)	11/25/1998 10:28:00 AM
From: waldo	Read Replies (1) of 37507

>>Come on America.....wake up to the next darling.<< The "Auction Action" is keeping the second tier Cyber-deals buoyant today, even tho the NASDAQ 100 is down 3.69. EBAY up 7 11/16 EGGS up 3 3/8 ONSL up 10 3/16 Morning Report Wed Nov 25 Up 92% Past Week: Onsale Leads ISDEX Etail Buying Spree By Steve Harmon Senior Investment Analyst Internet.com "Where Wall Street Meets The Web" As the U.S. gets in the turkey eating mood (or tofu for vegetarians) it's beginning to look like a banquet on Wall Street as ISDEX climbed 11% the past week, led by the etail sector once again. The top four gainers all sell stuff. Two of these stocks--Amazon (NASDAQ:AMZN - news) and eBay (NASDAQ:EBAY - news) looked ridiculously overvalued going into the week but managed to gain 40% to 50% even so. Proof the either the greater fool theory has been embraced. And also evidence that there's a real lack of "known" etail stocks to choose from, hence the sudden surge in a handful of other commerce firms such as "nerdtailer" Egghead.com (NASDAQ:EGGS - news) , and the music sellers CDnow (NASDAQ:CDNW - news) and N2K (NASDAQ:NTKI - news) . Indeed, investors (or traders along for the ride) frowning on the astronomical units needed to buy shares of eBay found solace in buying shares of Onsale (NASDAQ:ONSL - news) which hit an all-time high of $50.25 per share before ending the day up 51% yesterday to $43.875 per share. Fueling the rocket? news the web auctioneer/etailer debuted a holiday shopping site. Meanwhile, Beyond.com (NASDAQ:BYND - news) went a little beyond and raised $50 million via 7.25% interest converts which convert to equity at $18.34 per share. The software etailer was cashed up from its June IPO but tapped the market for the "get bigger, faster, and even bigger" nature of the Internet etail. Wall Street rewards dominating leaders--something Beyond isn't yet but wants to be. Here's our crunching of the numbers, ISDEX gainers and painers for the period November 17 - 24: fnews.yahoo.com W

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