To: Captain Jack who wrote (3449 ) 12/3/1998 1:32:00 PM From: C. McD Respond to of 5847
TMCS opens up ~300% from its IPO price of $14, I say that looks good for BANY and uBID will be bigger tomorrow. I expect TMCS to slowly widdle off some euphoria and settle in around ~$40, or ~200% the IPO price. May lose more ground since so many daytrader types were trying to get in on the IPO (although most didn't get any shares - myself included). In anticipation regarding the TMCO run-up: The ticker symbol for uBID is UBID. Ironically, BID is Sothebys online (NYSE - trades high quality/priced items on the web), and UBUY is Shopping.com (OTC). Both similar to uBid in symbol and type of services (both internet retailers). BID is trading at ~$27, UBUY at $9. Neither has had run-ups today, so nobody is mistaking them for UBID... yet. Either one could get some free action tomorrow. I wouldn't recommend buying either for the chance UBID buyers will run them up on accident, but it'll be fun to watch. The main reason TMCO doubled on TMCS news is that Yahoo posted all their TMCS news as TMCO. In fact, the Yahoo TMCO earnings report lists its symbol at TMCS (whoops). I wonder if anyone will file any lawsuits against Yahoo for being so careless. Most likely, the fools that bought TMCO will hide in shame, and not let anybody know what they did:) BTW, here's another one, who bought TMSC for $4 instead of TMCS:Message 6668912 You know, since neither BID or UBUY are particlularly volatile right, I just might pick up a few shares of each, hold for today and tomorrow, and put in 20% limit orders for each. At the worst, I may have to sell each for small losses. Hell, I'll make that up with BANY! BANY volume starting get a little more active now...