SI
SI
discoversearch

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.
Technology Stocks : UBID - an IPO spinoff of Creative Computers -- Ignore unavailable to you. Want to Upgrade?


To: Michael Page who wrote (305)12/27/1998 9:33:00 AM
From: RDR  Respond to of 581
 
Hi Michael,

Here is what I think is going to happen. These analyst were caught by surprise and could not get intime to reap the benefits from the upswing we saw last week. Also, the fact that most of the traders had stop loss orders in place while they took an early holiday break also contributed to the steep slide. I will not be surprised to see this thing move up on Monday again. As far as the anaylst are concerned, wait for Merrill Lynch to initiate the coverage on Jan. 04, 99. I am trying to find out when uBid reports earnings next month. Keep in mind if these e-commerce companies such as AMZN, eBay, uBid report better than expected earnings and revenue growth with positive outlook, you will find uBid way higher than the current price. My feeling is that last 12/24 action was mainly due to manipulation by the MM.

Also, a small float will also help the price. Keep in mind a lot of Merrill Lynch clients did not get the shares. A good coverage from ML will push more people into this stock.

Goodluck,



To: Michael Page who wrote (305)12/27/1998 10:21:00 AM
From: cool  Read Replies (1) | Respond to of 581
 
EBAY has 40.3 M shares outstanding = market cap of
$ 11.5 b vs UBID 8.9 m outstanding market cap $1.08 B.
With both being recent start-ups and roughly the same current income apprx $27M, both have great immediate revenue growth potential. I see a slow convergenge in their market caps as well as ONSL until revenue growth is established among the market leaders in this field. UBID and EBAY will be establishing relationships with portal sites as ONSL has done with Yahoo.

UBID has established a Brand Name due to the recent
publicity and its business model allows it to distribute
a wide variety of products at a market efficient price in a worldwide market.

1.5 M share float which result in huge volatility great opportunity for traders. I will continue to trade having made good $ already and will rebuy sometime Monday.