To: Steelguy who wrote (3438 ) 12/10/1998 11:02:00 PM From: F. Evans Read Replies (1) | Respond to of 37507
Steelguy..... >>I am not busting your chops Frank....it is just that these quotes from our IR guy are frightening to me because I have seen it before.<< You are not busting my chops....I know what you feel, I too have made the mistake of believing IR people in the past. Thats why I don't believe them anymore....been burnt too many times....ever heard this one before....(man we spoke to the drill team and all indications are for some big numbers...this thing's gonna rock!! buy more) On a more serious note, It's hard to get the feel for the conversation when reading it. Remember, it was a casual get to know-you type conversation with no interigation on my part. What he said was the the cable deal was signed. We all knew that anyway because of the TV interview. I then asked him when we might see something. He speculated that its in the hands of the cable company now for wording (I take it the wording would have to still be approved by BII's legal team). could be as early as tomorrow, two weeks or in the early part of the new year. Now he may know, but I'm not naive enought to believe he'd tell me. He said he'd prefer to see the volumes down a bit but he'll take the exposure when he can get it. He said it may go down to $2.00 or $2.50 and sit there waiting for news because in his opinion "it just went up too fast". My opinion on all this is that maybe a "deal" wasn't signed but instead an "intent" or a preliminary agreement was entered into, the details of which have to finalized. My guess....and my GUESS only, is that we'll see this thing hover around this range or lower and that we won't see any new news until the new year. It's just too close to Christmas and with the quarterly report due out end of Jan.(I believe.. please correct me if I'm wrong)it would be nice to bunch up some news together for a nice run in the new year. Just too many people occupied with other things than the markets around the holidays. I spoke to a buddy if mine who dealt with Tim and Pinacle before. He remembered Tim from another deal. He usually doesn't work the phones but I was warned that he can get pretty defensive about the stocks he's working on. (Note: keep this in mind when challenging him....if anyone out there calls). I think this recent push was mostly promotion to make the public aware of Bid.com's presence and resurgance from a near-bankrupt company. Now that the public knows who BII is, it may help them get to the next level (Nasdaq). The volumes are up and the exposure is getting (or already) out. The next push could be the big one but it won't happen without major news. Too many people burnt IMO on that $6.00 push and crash. IMO of course. Again....I'm trying to pass on the message as clearly and as accurately as I remember. By no means to I want to pass on horse sh*t. Remember, I'm long and looking to buy more (I suspect cheaper). Hey, I'd love this thing to go back to $3.50 tomorrow but I have to be realistic cause the trends are pointing to a little quiet period right now. Then again...what do I know, I thought the Leafs would beat the Rangers two nights ago...:)) I posted the number for this guy earlier. for those who missed it the number is (416)364-0060. It would be nice for anyone who does call to post details of the conversation so that we can compare notes. (pardon the spelling mistakes if any....I'm tired and don't have the time to proof read and edit). Frank