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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
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To: NASDBULL who wrote (33768)12/24/1998 10:33:00 AM
From: R Hamilton  Read Replies (2) of 119973
 
onsl and eggs:

Morning Report

Thu Dec 24

Bid 'n Ask:
uBID Gains 342% To Lead IPODEX

By Steve Harmon
Senior Investment Analyst
Internet.com
"Where Wall Street Meets The Web"

Of the 20 stocks in IPODEX 18 were up on the week with temperatures rising at least
on Wall Street despite a cold snap across much of the U.S.

Indy investors bid up shares of uBID (NASDAQ:UBID - news) to record heights since
December 17 as shares soar 342% for the new IPO. The underlying fuel for the run
looks like the very small float, just 1.5 million shares in the public's hands. With volume
of 5.5 million shares traded yesterday that means UBID was turned over more than
3.5x.

However, we think more established and better known rival, ONSALE
(NASDAQ:ONSL - news) has more of a lead on uBID--but trades at 72% of the
lesser known uBID.

Here's another angle, Egghead.com (NASDAQ:EGGS - news) trades at about
one-third of UBID despite also being in the surplus auction business. The most
important element that may be overlooked is ONSALE's deals with Yahoo to provide
auctions to its user base in two flavors: personal auctions eBay style and auctions for
small businesses.

That position is an enviable one from our standpoint and one that gives it an edge over
uBID we believe. Let's go to the table:

fnews.yahoo.com

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