Bid.com International (BIDS) Message Board

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

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To: Ruyi who wrote (9364)	2/10/1999 4:13:00 PM
From: Crazy Canuck	Read Replies (3) of 37507

>>Re: your post which says Post says Bid.Com makes Taurus bearish - and your question - How if at all will this affect the short term ??<< Short term - given no other information on the company's progress related to the building of their business model, I would say that this will have a negative impact on the share price. We may have already seen this negative effect reflected in today's price however. I believe that if Taurus has not contacted the company to review the impact of their diversified plan prior to issuing this statement, then they may vulnerable to some very public criticism (possibly even by Mr. Godin on Saturday when he is interviewed on Investor's Online). Remember that Bid.Com's management have come out several times recently and stated that they are not hanging their hat only on the margins and revenue that they are obtaining from the on line auctions. Many of the surface comparisons to other auction companies in this area seem to omit or discount this fact. I believe that the potential revenue and margins in these other streams will be significant. People have to recognize that there is a significant amount of pressure on all technology and Internet related companies. For example, yesterday 25 stocks that I have been following were all down. Today many were continued to be down. The smart investors all have targets where these stocks become attractive again. The trick will that if the prices are dropping, then a person has to choose which ones are good buys, and which ones are going good bye. Too often people only look to what is happening to one or two stocks and miss the big picture. I also believe that there is a real possibility that some good news is at hand related this company as it pertains to the progress they are making on their business model. Today, I saw some good opportunity with this company and I added to my holdings. So Doug, this Taurus release may have actually helped me purchase this stock at a better price.

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