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

To: Ruyi who wrote (2929)	12/3/1998 8:53:00 PM
From: Gator	Read Replies (1) \| Respond to of 37507

Perhaps along with Bill, this news release had an impact... >> Bid.Com International Inc BII Shares issued 21,023,000 Dec 2 close $3.91 Thu 3 Dec 98 In the News The Financial Post reports in its Thursday edition that Toronto-based analyst Adam Adamou of Taurus Capital Markets says that Bid.Com International is a game for fools and greater fools. Reporter Garry Marr notes that Mr. Adamou has released a research report that says the online auctioneer's huge stock price appreciation is not based on fundamentals. He claims the valuation is even out of whack compared with firms that have benefited from the United States Internet stock market frenzy. Mr. Adamou says he thinks people went crazy on Bid.Com. He estimates the average time-frame for holding the stock has been just one or two days. Comparing Bid.Com's gross market to similar companies, Mr. Adamou says the firm does not measure up to its rivals. Based on estimates for 1998, he calculates a gross margin of just 2.65 per cent for Bid.Com, compared with 87.7 per cent for EBay and 11 per cent for Onsale. With a fully diluted market cap of $253.3-million last Friday, Bid.Com was trading at a multiple of 436, 60 per cent more expensive than EBay. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com >> Just an FYI...Gator

To: Ruyi who wrote (2929)	12/3/1998 9:03:00 PM
From: donkeyman	Read Replies (1) \| Respond to of 37507

I can see what he is saying.!! That's interesting, on the Internet "every day will be like Christmas" That would be a dream come true for most stores.!!