Bid.com International (BIDS) Message Board

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

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To: the Chief who wrote (4181)	1/3/1999 8:14:00 PM
From: Sili Investor	Read Replies (4) of 37507

>>>PE's for Inut are out of sight but nevertheless they represent the companies present value based on income.<<<< Chief, I agree with you from the perspective of those that are current making profits, therefore PEs become meaningful even if totally absurd. But for those that are speculative based on three years from now and do not yet have earnings, PEs are irrelevant. UBID is the best example of that. $20M for latest quarter but not a penny in profit but still a share price over $100, for now anyway. I guess I'm of the opinion that we have a subgroup that may trade up or down independently of the rest from time to time purely based on speculation. BII is probably headed for this subgroup first before it really starts playing, and trading, like the bug guys.

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