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

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To: Goldbug Guru who wrote (2631)12/1/1998 10:12:00 PM
From: c.r. earle  Read Replies (2) of 37507
 
There was a comment on another thread re: BII and its timing of listing on Nasdaq. Actually I think it was posted by steelguy. Anyway the comment by the CEO was that they did not want to rush to the Nasdaq right now and be lost in the mass of IPO's, preferring to wait until the first quarter '99.

IMHO I feel this to be an error. Now is the time, why do you think all these companies are coming public now? That should tell you something right there, it is pretty obvious. Much can happen between now and 1st q '99.

And another thing why would the ceo think they would be lost in the crowd, if they are really a good company they will not be lost in the crowd. I would say they are just not ready, and the market has responded negatively. Certainly it had to pull back and consolidate. But it certainly seems as though this is getting ahead of itself. I would have thought that with most of the US internet stocks rebounded impressively today that BII would have as well. That made me somewhat nervous.

Good Luck to all
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