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

To: Goldbug Guru who wrote (897)	11/14/1998 7:40:00 AM
From: Kevin Hamlin	Respond to of 37507

Respectfully, I think some of you are missing the point. Is ANY of the explosive upside of the internet stocks based on "normal" means of assessing a company's valuation? Has even one of these companies brought in earnings that justify their current share price? Obviously, the answer is no. What is driving the market is the future potential of these companies who are getting in on the ground floor of the most dramatic change in how business will be done...probably the most dramatic business change ever....and in that light, the potential profits ARE staggering....certainly for BII too. Are there valid comparisons between BII and a host of other internet stocks that have exploded? Definitely. But I don't want to buy one that has already done what so many others have already done. 1) I want one that is only just being discovered. I want one that has the same incredible potential for share price growth...not one that it has already happened to. 2) I want one that has the same limitless potential for growth as a company that only this phenominal technological evolution can provide. Hmmmmm, sounds like BII. Someone mentioned a "lag time" for Canadian listed companies. I think this is true, and again, I think this is GREATLY to our advantage in this case. It has afforded us to see the potential for huge share price growth and allowed us to get in on the same kind of company at relative bargain prices. Being listed on the T.S.E. is also a bonus. It brings an air of respectability that does not come if BII were listed on...well...just about any of the other Canadian exchanges. Furthermore, the Canadian markets are NOT insular. U.S. brokerages can and will come in and buy the hell out of what ever they want, as they've done so many times before with any number of other Canadian listed companies. So for those who don't like what they see...no problem. Don't buy it and move on. For me though, I'll put my money ANY day on a company with incredible potential for growth, a company that the market is STARTING to wake up to, and a company that has "cousins" that have absolutely exploded in share price to an extent that we have never seen before. Regards, Kevin