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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Gordon Gekko who wrote (11080)3/9/1999 7:42:00 PM
From: donkeyman  Read Replies (1) of 37507
 
Since I saw that CNN-TV special on "person-to-person auction" a month or so ago, I can't believe some Canadian Internet E-commerce pros haven't come together and started that type of auction in Canada. Every Canadian household has a few items they would like to get rid of. All you need is a photograph of that item, a cheap scanner, write a few sentences about the product and ship it out for auction on your computer. Others buy stuff at flea markets and sell it over the Internet, a tidy little business, in a country with high unemployment for thousands.!!! It was no big deal but if it's a new craze in the USA it wouldn't take long to catch on in Canada. That's the EBAY business. It isn't as if the writing isn't on the wall. We all know EBAY is a new company, we know their shares went from Cdn.$28/share in October and they were Cdn.$750/share yesterday. EBAY has a US$21 billion market cap - (US$1 billion more than Amazon). We know EBAY has 2 million subscribers and the crowd running it are no geniuses. If some Canadian company focused on this type of Internet Auction alone, they wouldn't have to aim at 2 million subscribers in Canada, even 10% or 200,000 subscribers (I say 1 million is possible) would be a good business. Look at the potential,everone knowing about EBAY would want to buy into the shares, Can you imagine even 10% of EBAY's Cdn.$750/share? (That's Cdn.$75/share). How slow are we? Wake up Canada!
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