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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: donkeyman who wrote (16368)4/4/1999 1:38:00 PM
From: Steve Fancy  Read Replies (1) of 37507
 
donkeyman, I've been pondering the same type of questions. At a glance, sure looks to me that Bid.Com may be near a short term peak. For starters, after poking through their website several times, seems there's never many items for sale, and the prices seem high at best. I watched the last hour of the dutch auction last Friday night...was not impressed at all with the concept or the participation. From what I could determine, no one bid on anything the entire time I watched. The prices started at what frankly seemed to be ridiculously high and ticked down to what I figure I could buy the stuff for mailorder...then the auctioneer would say he couldn't go any lower, and the remaining time would tick off with no bids. Seems the concept could work if folks truly had an opportunity for a bargain, but I wasn't seeing it. I haven't checked out UBID will do so tonight. I have been on EBAY and off the top of my head they appeared on an entire different level than Bid.COM. I would appreciate others thoughts on this.

I have been attempting some valuation comparisons...on the surface sure looks like BID.COM may be close to fairly priced based on a market cap and revenue comparative basis with UBID and Onsale, though again I have not visited either of their sites yet.

Appreciate any comments.

sf



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