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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: reg who wrote (32575)6/14/1999 1:24:00 PM
From: Grant MacMillan  Respond to of 37507
 
I would say that with stocks like AMZN almost 60% off they're highs, the balloon has been deflating for some time, wouldn't you? In that context, BIDS, which is off about 65% from it's highs, is consistent with the others. I think the big question is, if Internet stocks rebound, will BIDS follow suit?

My prediction is that the Internet stocks will not rebound, as they were over priced to begin with (IMO). But if they do, that will help BIDS at least stabilize, but with so many other Internet companies out there, with revenues much more attractive than BIDS, I would suspect that if a rebound does occur for BIDS, it will lag behind the other Internet stocks as YHOO, AMZN, etc will be more attractive to investors.

GM