SHG, thanks for following up on the uBid-eBay trading Monday. I do think the "mind-link" between these two will not serve uBid well at this point. As for company's PR absence, I've now seen uBid's CEO twice on CNBC and each time he has been extremely low-key and while expressing confidence in his company expresses little excitement about it, which is usually expected of internet CEOs. Maybe this is just his personal style, or, perhaps, given that at the time uBid was riding high with eBay, he didn't want to appear to be hyping. (Oddly, underwriter, ML, has also been mysteriously quiet about uBid as well.)
As I mentioned on this thread a couple of weeks ago, and promptly got slammed as backward-looking and anti-internet, IMO, uBid is technically very weak at the moment vulnerable to a serious decline (of course, the stock promptly turned around after that post in step with the eBay split announcement to make me look foolish, but I used to having the market do that). Still, I would not be surprised to see uBid revisit the price levels of it's IPO debut before it can get up steam again. Also, hanging over its head is the possibility of massive dilution as MALL distributes its shares (although, it is possible that MALL will not be able to make the distribution tax-free, in which case, these shares may not appear for awhile as, I would guess, MALL would have to hold them or sell them in a secondary).
In full disclosure, I have never held any position in uBid, however, I am short MALL.
SHG, regardless of my own POV on uBid, I hope this investment works out for you.
regards, Kip |
