SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Bid.com International (BIDS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cush who wrote (4134)1/2/1999 2:05:00 PM
From: Rich Investor  Read Replies (1) of 37507
 
"HAS ANYONE HEARD AN ANALYST, ANYWHERE, WHO ISN'T PREDICTING THE IMMINENT PRICE COLLAPSE OF INTERNET STOCKS?"

There is no question that many analysts have been predicting a "gloom and doom" scenario for this sector for the past while, and although I cannot provide exact sources/quotes, I have read that other analysts predict this will still be a good year for internet stocks in general and other IPO's despite some consolidation. It seems that many on this thread are unduly concerned about watching internet prices go down along with BII during the first part of this month, and I am surprised that many did not expect this prior to January 1. This market is not entirely governed by "perception" as the Chief has stated, and not everyone has got the itch to sell simply because a broker/analyst tells them to. The desire to cash in is because of the profits people have made, and none of us here can blame them for doing so. It's just plain common sense. People will cash out, but a buying spree will eventually kick back into high gear and drive prices upwards like before. Instead of calling it the "imminent price collapse" of internet stocks, maybe a better term for all us to use would be "a moderate dip in share prices due to profit-taking". This is natural and a good thing for these stocks at this stage of the game. Hey, if nothing else, look at it as another buying opportunity for BII stock, because it will probably be the last great sell-off before we really take off!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News