UBID - an IPO spinoff of Creative Computers Message Board

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Technology Stocks : UBID - an IPO spinoff of Creative Computers

UBID 3.000

0.0%

Jan 21 4:00 PM EST

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To: SHGLaw who wrote (417)	1/21/1999 12:59:00 PM
From: Kip518	Read Replies (1) of 581

Any thought that UBID is going to be bouncing back with its earning release is fantasyland. UBID went to the moon because so many folks missed the EBAY play and wanted UBID to be a repeat. ML knows the stock is way out of whack with valuations and can't lend any prestige to the move. EBAY is a category-killer (and it is still getting whacked). UBID has lots of competition and no special position. Its valuation came from its small float during the NUTZ mania. That float will explode when MALL releases its shares and the NUTZ mania is now being contained by MMs and brokerage houses. UBID is a technical basketcase. As the NUTZ fall apart, UBID looks to return to its IPO price, taking MALL down with it. Shareholder losses are only going to get worse. IMO, this is no long-term holder. And, for heaven sakes, no one should average down this will only compound the losses. I have no position in UBID.

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