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

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To: the Chief who wrote (4136)1/2/1999 3:47:00 PM
From: Ruyi  Read Replies (2) of 37507
 
"BII will move in step with the group leaders " I agree , but do you not think a better comparison of BII is with companies in a group doing business similar to itself. AOL/Yahoo/CISCO/FDX/Lucent (trading at or near yr. highs) have little in common with BII except they derive incomes from Internet usage. I feel one of the biggest errors many Internet investors currently are making is comparing apples and oranges and lemons . BII/ EGGS/ UBID/ EBAY /ONSALE/ make for interesting and relevant comparisons IMO . If stock price is any indicator , BII is lock step with this group. As one example,all in this group are off 40 / 50% from highs, many other comparisons can be made as well. One last thought, it is a well known fact that short selling and covering has driven this sector to nose bled levels. If the shorts have given up on this sector, as has been suggested in the media , price drops could be huge when and if selling begins.
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