Gekko, the primary moving force is that none of the big attention getting things have happened yet, so many will "buy on the rumor" before the financing is complete, then "sell on the news" when the rest of the world find out about it. That's my plan anyway.
As you are well aware, EVERYBODY is looking to get into hot internut prospects before the whole world finds out. EBID is one that is not known because, as you pointed out, the financing isn't done, and the site won't be up for 3 months.
Savvy investors who know where to look can find gems like EBID, get in early, and be able to get out with huge profits over short periods of time. Those that get in AFTER the big PRs come out may be buying at ~$10 and trying to get to $20 over a longer time frame. Those of us that bought at $2 and sell at $10 will get bigger gains in less time.
Its all speculative, EBID may not go anywhere for a long while, but IMO it is ripe for a big runup leading up to the financing PR which may include some very interesting business deal announcements. These announcements may generate some big press and may lead to an even bigger runup. MLRE was similar to this, kinda, but there are several examples of stocks with far less going for them than EBID that have had huge gains. Personally, I think alot of people like EBID because of the symbol name. That's fine, the more the merrier, but after my call with the president, I am very optimistic about EBID's future longterm, and shorterm. You should really give him a call if you think you may want to make a big investment.
Good luck. |
