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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: RG who wrote (31366)	5/24/1999 7:27:00 PM
From: RG	Read Replies (2) of 37507

Bruce Smith, Internet analyst with Jefferies said he's telling people "they should be buying now," in advance of what should be a strong seasonal period for Net stocks. Having studied an index of Internet stocks over the past 13 months, he's determined that the third month of every quarter is a big one for Internet stocks and that June should follow that pattern. It should be noted, though, that Smith uses mainly the biggest and most successful of the Internet companies, including America Online (AOL:NYSE), Yahoo! (YHOO:Nasdaq) and @Home (ATHM:Nasdaq), though some of the smaller Net companies like Egghead.com (EGGS:Nasdaq) and Onsale (ONSL:Nasdaq) also are included. Smith said you will begin to hear talk about second-quarter earnings in June, and he is looking for strong numbers that have the potential to be "blowout numbers." In addition, he said there are a number of technology conferences scheduled for June that will provide a steady news flow. Smith also said he is not overly concerned with valuations, explaining that during the "hypergrowth phase" that Internet stocks are going through, "looking at valuations tends to be wrong." ****** Waiting for June!

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