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Non-Tech : MBTI to a new horizon -- Ignore unavailable to you. Want to Upgrade?

To: Nav Toor who wrote (56)	1/2/1999 6:17:00 PM
From: Fred-beaches	Read Replies (2) \| Respond to of 76

Up until Tuesday I never heard about MBTI. However, I was in stockbrokers office getting my quotes when I hear customers reps start buying this stock. It opened at $2.50 and they were buying between $4 and $5. I left and went home and the next day got a quote of $8. however it had traded as high as $14. I started to follow the stock and tried to buy it on Thursday at $7.25 but keep on missing it. Moved my bid to $7.50 but still couldn't get any. Hopefully Mon. I will buy some on the dip. What else can you tell me about the stock? Thanks Herb

To: Nav Toor who wrote (56)	1/3/1999 9:18:00 AM
From: Mathew MacIver	Respond to of 76

The only thing I would add is that horsenet.com and first year auction operations in the Agrimall will probably add another .25/share net, looking at the business plan. Apply the PE of your choice and you're in a legitimate value based 20-30 range without the internet effect. The other things that appeal to me in the business plan are the resemblance to the real estate multilisting model, the fact that brokers (many already onboard, operational and now trained in the new system) are included in the plan to mediate the "free for all", caveat-emptor edge to the Ebays of the world, and the high cost of the goods listed/auctioned. No competition helps too. The only downsides I can see are 1) geographic/transport cost constraints on the expansion of local markets for lower cost items, 2) the unsophisticated design of the site (ie, do they have it all together on the technical side.....). The latter concern is somewhat obviated by their seemingly successful development of graphic compression technology. The business plan also doesn't have the polish that one is used to, although it is much more well thought and laid out than many I've seen. In the end, I prefer solid ideas and numbers to polish and style.