Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: IdiotJed who wrote (2793)	12/3/1998 8:15:00 AM
From: ztect	Read Replies (1) \| Respond to of 37507

Europe Cuts Interest Rates Get Ready to rumble!!! Across the board interest rate cuts in Europe Germany, France and 10 other countries Should be an interesting day. z

To: IdiotJed who wrote (2793)	12/3/1998 8:30:00 AM
From: L M	Read Replies (2) \| Respond to of 37507

Negative report issued from Taurus Capital Markets Ltd analyst in this morning's National Post. Adam Adamou, the analyst in question, has apparently issued a research report stating that the shares of Bid.Com International are well overvalued and completely out of whack to other comparable Internet stocks such E-Bay and OnSale. Basing his comments on 1998 figures and estimates for BII, EBAY, and ONSL, he is calculating a gross margin of 2.65% for BII, compared with gross margin projections of 87.7% for EBAY and 11% for ONSL. Based on last Friday's close, indicating a market capitalization of $235 million, Adamou claims that BII was trading at a multiple of 436 of projected net revenues for '98. He compares this to a 82.1 multiple ratio for ONSL for the same comparative periods. Blames recent share prices of BII on momentum and day trading, and compares it to a game for "fools" and "greater fools". Adamou says that BII may climb to $7.00 because of "the greater fool" theory. "At the end of the line you've got the fools and the greater fools. A lot of people are buying hoping that a greater fool will take them out. The problem with that is who is going to be the last fool".