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

To: Sili Investor who wrote (3032)	12/4/1998 2:21:00 PM
From: waldo	Respond to of 37507

>>Observers said it was likely institutional investors that got an allocation in the IPO flipped their shares once the stock started trading. "My suspicion is that a lot of those institutional investors got small allocations because this is a very small offering, and they have been conditioned to sell as soon as possible," said Steven Tuen, research director at IPO Value Monitor. "Right now, it's the retail investors driving this stock up."<< >>Tough business UBID still relies a great deal on close-out or refurbished computer-related products, many of which it gets from Creative Computers. But it has begun to expand into new product categories, such as consumer electronics and home appliances. The company said in its prospectus that it plans to expand its product line further, a strategy competitor Onsale has also followed. Onsale (ONSL) now auctions off sporting goods, office equipment and travel vacations. "It's very competitive, there are slim margins, and a lot of promotional dollars will have to be spent to build the site to scale," said Jacob, who attended the company's roadshow presentation in New York on Thursday. "It's not terribly attractive."<< cbs.marketwatch.com W