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

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To: Mike Perras who wrote (9033)2/7/1999 9:13:00 PM
From: Ruyi  Read Replies (1) of 37507
 
"what in God's name are you hanging in here for "

I like to learn and study. This thread provides fertile ground for learning .

I believe that the valuations given to companies such as BII are are a kin to watching the fall of the modern Roman empire, in this case the end of equity market investing and the shift to pure pyramid style gambling. Day traders are turning equity markets into a mix of the old chain letter with a touch of the shell and pea game. When it all crashes , I want an understanding as to why. The blind faith and gambling mentality shown here by most is are I believe the very root cause why the markets will come tumbling down. Stocks, in particular Internets have temporarily replaced commodities ( oil, gas, precious metals) in BII's case with the constant dilution, the commodity has much less value than others in its sector.
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