Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Curious Gamble who wrote (4023)	12/30/1998 2:36:00 PM
From: waldo	Read Replies (2) \| Respond to of 37507

>>Analysts were hard pressed to attribute the sell-off to a single factor, but they noted that some unfriendly news seemed to put pressure on the high-flying sector. Some of them pointed out investors may be reacting to a report in The Wall Street Journal that called the run-up in the Net stocks an event that "dwarfs speculative frenzies in recent memories." Volume in Internet stocks remained somewhat strong despite the holiday week. The sell-off didn't surprise many analysts, who noted that the many of the e-commerce stocks climbed through the roof on little solid news, except a report of strong online holiday sales. Internet stocks "have just been explosive over the last eight days. It's like a one-directional sector and when they decide to pull the plug on these things, they go way down," said Art Hogan at Jefferies & Co. Institutional managers were believed to have had a hand in the sell-off. Some of the selling may be related to end-of-quarter "window dressing," when portfolio managers unload stocks, usually underperforming ones, profit from the sale of some holdings and load up on successful performers in an attempt to pump up performance figures, analysts said.<< cbs.marketwatch.com W

To: Curious Gamble who wrote (4023)	12/30/1998 3:18:00 PM
From: donkeyman	Read Replies (1) \| Respond to of 37507

GJP: You're talking about pressure and the roller coaster ride of BID.COM - what kind of "nerves of steel" would you need if you held a 1000 shares of EBAY purchased at US$25.00/share (US$25,000), a couple of months ago.!! Then be on that roller coaster ride - Up big several days in row, one day a jump of US$47.00/share. What do you do then? Sell, stay put????? then a couple of big down days, and then up again. That can keep you awake all nightlong. How did they sleep,?? 2 months of torture until it is where it has arrived so far today, down (-US$22.00/sh.) to US$252.00/share,(US$1/4million). Get out or stay in.??