Bid.com International (BIDS) Message Board

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

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To: Rich Investor who wrote (4133)	1/2/1999 8:40:00 AM
From: Cush	Read Replies (2) of 37507

Has anyone heard an analyst, anywhere, who isn't predicting the imminent price collapse of internet stocks? This being a time for end of year summaries and new year forecasts, I've watched, listened to, and read a number of reports. It will be interesting to see whether the prices keep rising in spite of the analysts. I don't think they were the ones buying anyway. A lot of the fund managers must find it frustrating having to answer to clients who hear on-a-daily-basis about soaring internet stocks achieving 200% growth in a month, etc. "Well, how's my money doing in your fund? .... 15% ?? ... You're kidding right?" I'm not surprised that analysts and fund managers continue to call for the internet share price collapse but I wonder how many of them were driving the price anyway. This morning I heard an analyst say his fund was investing in the arms dealers (the companies in the Internet supply chain). I think the one predictable thing is that we're facing more volatility. As the Chief said in an earlier post, "perception" will drive this market. Will all of these nay-sayers being quoted in the media affect the investing public's perception? Guess we'll see?

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