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GoNorth: I'm in no position to give anyone advise. I suppose if there's an announcement on a Nasdaq listing, hopefully that might dart the value of the shares up a bit. Some of my friends who hold a few shares of Bid.Com had a plan to sell half on day 1 of the Nasdaq because it looks like many of them take a good jump on that day. If I were to give some advise," I would suggest you would copy the graphs of the performances of auction companies that you are familiar with for example, UBID, EGGHEAD, ONSALE, EBAY, etc". What shocked me about the graphs was yes, there was a good jump on the first day, but nothing like the jump 1-3 weeks later. In the meantime, after peaking most of them stabilized much lower than their peaks. So I'm thinking twice now about bailing out 1/2 of my few shares on day #1. Then you have the problem some of those companies have IPO's and others haven't. Then a company like EBAY has about 129 million outstanding I think, but most of them shares are held within the company. How many are for sale on the open market - I still can't find out. The other day I believe after 6 months on the Nasdaq, EBAY got permission to sell another 6.5 million shares from the inside. If they do that every 6 months, it won't take too long for them to have the whole works 129 million on the market for sale.??? But who knows? Anything can happen in this racket and we always have the fear of something striking us from an outside source. |
