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

To: F. Evans who wrote (1136)	11/19/1998 7:31:00 PM
From: waldo	Read Replies (1) \| Respond to of 37507

>>You can appreciate the gun shy attitude after taking a bath after the Bre-X fiasco however I, like most of you all think this one's got a shot. << I am a gold bug too...played ARP from Oct. 15th and watched it go from 1.50 to 3.66 on Nov. 4th. I studied the ISDEX for a couple of months. Think of the internet stocks being potentially Bre-x times 12. I went short when I read posts on YHOO and AMZN where the hypers were saying things like: "It's going up to 300 dollars!!!!!" Problem is they are 2/3rds there. So far they are right. Take a respectable firm like Goldman Sachs. Last month they forcasted EBAY to trade at 130.00 in a year. It hit 155 1/8 intraday before falling a bit. How about Bill Fleckenstein: >>Here is a list of the earnings progress since Amazon.com came public. If the company ever could have a really bad quarter and lose a few bucks a share, its stock could surge to $300. You have to love a business that sells dollar bills for $.95. 3/97 ($.08) 6/97 ($.16) 9/97 ($.185) 12/97 ($.205) 3/98 ($.20) 6/98 ($.44) 9/98 ($.90) I have nothing personal against Amazon.com or any of the other companies that I speak pejoratively about. My objection is the monstrous discrepancy between the value of the business, the fundamentals and the prospective rates of returns for the business. I think that Amazon.com is a fine product to use, but the market has bid up the stock price to where it has no relationship to the business. I'm sure many of the shareholders have no notion of how business works, they just like the idea or the chart. (I know this is true for many companies because of the questions people ask me. Individuals rarely even know the market cap.)<< If you think that junior mining is volatile...you haven't seen anything. Do a 6 month chart on YHOO and AMZN. Then do a 2 year chart on Netscape. That(Netscape) is what inevitably will happen to some ISDEX stocks. KTEL is another disaster....from 5.00 last spring to 60 back to 5 then to 60 then back down. At least BII is at the bottom compared to the rest of them. Funny thing is that BII will be profitable (says Godin) before 90 % of the billion $ cap net stocks. Go figure! W