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

To: Cush who wrote (4134)	1/2/1999 2:05:00 PM
From: Rich Investor	Read Replies (1) \| Respond to of 37507

"HAS ANYONE HEARD AN ANALYST, ANYWHERE, WHO ISN'T PREDICTING THE IMMINENT PRICE COLLAPSE OF INTERNET STOCKS?" There is no question that many analysts have been predicting a "gloom and doom" scenario for this sector for the past while, and although I cannot provide exact sources/quotes, I have read that other analysts predict this will still be a good year for internet stocks in general and other IPO's despite some consolidation. It seems that many on this thread are unduly concerned about watching internet prices go down along with BII during the first part of this month, and I am surprised that many did not expect this prior to January 1. This market is not entirely governed by "perception" as the Chief has stated, and not everyone has got the itch to sell simply because a broker/analyst tells them to. The desire to cash in is because of the profits people have made, and none of us here can blame them for doing so. It's just plain common sense. People will cash out, but a buying spree will eventually kick back into high gear and drive prices upwards like before. Instead of calling it the "imminent price collapse" of internet stocks, maybe a better term for all us to use would be "a moderate dip in share prices due to profit-taking". This is natural and a good thing for these stocks at this stage of the game. Hey, if nothing else, look at it as another buying opportunity for BII stock, because it will probably be the last great sell-off before we really take off!

To: Cush who wrote (4134)	1/3/1999 9:30:00 AM
From: Cush	Read Replies (1) \| Respond to of 37507

The Weekend Worrier As most investors know, Peter Lynch has written a few books about investing. I don't subscribe to all of anyone's philosophy but I do try to listen to everyone. I've always liked his comments about Weekend Worriers. Before I read his books I thought it might be just me. Lynch describes the phenomenon that we all see, and some have experienced. By Friday, when the market's humming, things look pretty good, buyers abound. But given the time to think on Saturday and Sunday, the nerves start to take over. Maybe, I should have sold on Friday? For my part, I know that I try to take profits on Fridays. Maybe the Chief could comment about his day-trading experience. How do you feel about holding over the weekend? This being a long weekend, and the end of the year, makes for a double whammy of doubt. I think Bid.com has shown a worthwhile business plan to date. The company has managed to attract some significant associations. While I have high hopes for the short-term, I expect the long-term will be satisfactory as well. Like everyone else, I would love to see BII announce the big deals and the Nasdaq listing, etc. early in this new year. However, if that doesn't happen, I'll wait. The internet is not a passing business phase. This company appears to have positioned itself well. We will have our day. Meanwhile, as reported in the weekend FP, Bid.com was Top TSE% winner for the last quarter. Up 285%. I could accept that growth on a quarter by quarter basis. The Weekend Worriers will be in a selling mood early on Monday. Then, IMO, it will depend on where the US stocks head. Yes, there will be some profit taking but these stocks trade volumes every day. There are a lot of shareholders who just arrived at the dance. And, at this time of year, there's a line-up waiting at the door. Lynch describes the Twelve Silliest Things People Say About Stock Prices: (3) If It's Gone This High Already, How Can It Possibly Go Higher? In this world, anything is possible.