Bid.com International (BIDS) Message Board

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

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To: Ruyi who wrote (2223)	11/29/1998 3:19:00 PM
From: the Chief	Read Replies (1) of 37507

Doug.For every article you bring forward saying internet stocks are overvalued "based on known principles" I will agree with you!! Here are the facts Amazon.com sells for $218US!! If the market finally says "this is rediculous, then it will likely correct back to the $170-$180US level does that mean its fairly valued!!!! Absolutely not, it is still drastically overvalued...however, I say again " that is what the market is willing to pay"!! You can use all the multiples and p/e ratios you want...the plain and simple truth is internet stocks are not following these rules..period!! I may not like it...you may not like it....but thats the way it is working, and has been for a number of months! Brokerages are just plain pissed that they never milked these IPO's for bigger numbers!! They also in many cases missed the "bost", its all sour grapes...plain and simple!! If you ask me whether an Internet company with literally zilch earnings should be valued 2000x higher than a real earner..I would say no!! Buth then again i have never agreed that a$1.00 EPS in the Gold mining industry is worth less than a $1.00 EPS in the biomed industry either!! If you have missed the boat on this internet stock....thats too bad...but we are enjoying the ride...with a significant profit in hand..even if it hits a stop.....and loving it!!! the Chief

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