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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Ruyi who wrote (6575)1/19/1999 5:16:00 PM
From: Rich Investor  Read Replies (1) of 37507
 
All shares that I have left in BII are free shares at this point. All my principal investment plus some handsome profits I took out at the $9.00 range.

Even though Onsale may have been downgraded by BT Alex Brown, it isn't my belief that the internet mania is anywhere near finished at this point in time. Maybe online auctions are different for their own reasons but downgrades on Amazon and such have not had as dramatic an impact on share price as people might have thought. I know one guy who predicted $25 US a share for Amazon this week. (WHAT A JOKE) The doom and gloom message is clearly BS at this point. Corrections may occur Doug, but fundamentally, this is the one industry guaranteed to grow by leaps and bounds for the next several years, so a rebound in prices after a correction is much more likely. What happens to BII in all this is another matter altogether.
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