SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: hsg who wrote (34370)7/28/1999 1:43:00 PM
From: GoNorth  Read Replies (1) | Respond to of 37507
 
hsg, looks like the RB longs are packing it in and moving to greener pastures. Check out this post I picked up over at RB.

>>By: aztec_investor
Reply To: None Wednesday, 28 Jul 1999 at 1:01 PM EDT
Post # of 38861


I have put in a sell order for the rest of my holdings at $5.50. Lessons to be learned from this pathetic trade:
1. What I had originally intended to be a short term speculative trade became a medium term holding. Main reason: greed!!; should have sold at $20.
2. Once I was stuck with the stock, I tried to further understand Bids management style or philosophy. Some people on this board believe that the company has a style that "goes against the grain". Well, the results are startingly clear!! 5% daily drops!!. If they want to play with their big cousins in the US they better play by their rules
3. No instutional support and no research = dead stock.

Fortunately i ended making a little profit. Good luck to all longs, because the shorts are the ones who ended up making the big bucks on this one.





To: hsg who wrote (34370)7/28/1999 2:09:00 PM
From: GoNorth  Read Replies (2) | Respond to of 37507
 
hsg, the following post came from the Yahoo board. While not known to be a quality board I thought this post shows there are people out there (besides me) that grasp the big picture. What can I say -- Good Luck to those wading back in to BII! They're going to need it BIG TIME! LOL!!!!!!!!!!!!!!!!!

>>By: balkanblues
Reply To: 38834 by rgard Wednesday, 28 Jul 1999 at 12:29 PM EDT
Post # of 38868

Excellent post on BIDS from the board
over at Yahoo by Mark de Shark

"Back to BIDS.

I agree that the future of e-commerce is big. But that doesn't
mean that just any old e-commerce company is going to be a
winner.

Here we have BIDS, UBID and ONSL. All are into e-commerce
and all are doing similar things. So which one(s) are going
to be the winner?

The all sport a similar market cap but uBid is growing it's
revenue at least 5 times faster than Bid.com and has screamed
past Bid.com in the revenue department. While Bid.com used
to have higher revenue than uBid it now just HOPES that it's
annual revenue will be 1/2 of the revenue that uBid has in a
single quarter.

You like the sector? OK, now do you take the slow grower or
the fast grower? Same price for either. Do you take the slow
grower that turned out a $3M quarter or the fast grower that
just turned out a $40M+ quarter? Same price for either.

Seems simple enough to me Beginer13, you go with the winner
and dump the lower."