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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Rajiv who wrote (17949)3/31/1999 10:28:00 PM
From: Peter V  Read Replies (1) of 18691
 
xcr600 is correct, that bid.com has a huge float, but it's not the only internut stock to be insanely overvalued, and Rajiv is (hopefully) correct that the mania can spur a large jump in price from the retail investor. (I had to buy my shares from Fidelity, and they don't even have delayed quotes available, theirs are from the PREVIOUS DAY (and in US$)). Anticipation of the Naz listing and/or a buyout rumor from EBay sparked trading over ten million shares a day on the Toronto exchange, hopefully I'll see more of that when they hit the Naz.

The stock may not be a value play, just a mania play.
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