Gator,
Historically the stock market has performed well in June. With the analyst meeting coming up and rumors of talks with other companies, I would be upset to miss a run up in the very near future. This week may be unkind to the stock market in general, but after Memorial day weekend, we could see a huge rebound in the market and in Bids especially as we approach the June 9th analyst meeting. Looking long term into Bids, I would agree that as we approach next quarter, things should once again start looking up as their numbers should improve. There is much upside potential for Bid.com.
Everytime in the last year I've seen Aol, Yahoo, Ebay, etc. have a major correction, it looked like death for Internet stocks, but a week or two later, they came back stronger than ever. It's easy to be discouraged when you have a couple of weeks that are down, but next week, the whole picture could be just the reverse. |
