Bid.com International (BIDS) Message Board

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

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To: the Chief who wrote (1664)	11/25/1998 11:18:00 PM
From: keith massey	Read Replies (1) of 37507

Hey Chief I agree with the individual that pointed out the Bid.com site is mediocre (could barely read the text on the right of the screen) and that the products are run of the mill. For sake of argument lets say they sell $25,000/day from their Canadian and American sites and out of that $7,000 is profit. That equals $2.55 million a year or around .08/share after the warrents giving it a P/E ratio of 32. Of course I am totally guessing at these numbers. If this was any other type of company I wouldn't take another look. However this is an internet company and all rational decisions get throw out the window. I have checked the sites of several of the internet auction house that are selling for 10 times the market capital of bid.com and some of them are terrible with yard sale products. I could throw together a better web page then some of them in a weekend and sell the stuff in my basement. So what my point.. since you can't value the company or their products and service I am going to trade it on pattern alone. They are in a bullish channel right now. Best Regards KEITH

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