Bid.com International (BIDS) Message Board

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

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To: Mr. Forthright who wrote (3124)	12/6/1998 5:05:00 PM
From: the Chief	Read Replies (1) of 37507

It is called tulipmania Once again you answer a question very simplistically, do you wish to be taken seriously ? Answering with the equivalent of "cuz" isn't an answer! Does that mean that they will keep going up and up and up.... Statements like the one you just made are very scary indeed. We will all pay for the exhuberance of people like you. Be prepared, reality will come back. People like me???? Hmmm. Yes that is exactly what that statement means!! Many stocks that presently trade have multiples afforded them that were never seen 20 years ago. So why would you expect that the preservation of the existing "index multiple" is "the rule"?? Multiples in themselves were the invention of a brokerage that had a "stock hit their target", but still "loved" the stock! The demand was there for the stock the brokers couldn't change the "earnings" so they just changed the "index multiple" based on jibberish, affording a higher P/E ratio. The jist in the majority of your postings is that the "foolish" public will be penalized!! I agree, it happens everytime there is a correction, so are you a "preacher of correction"? the Chief

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