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: Spark who wrote (6377)	1/17/1999 12:28:00 AM
From: Crazy Canuck	Read Replies (4) \| Respond to of 37507

Hi folks, this is my first official post to SI. I have to admit that I have been lurking here for about three months, I have listened and learned and now I want to join the fun. Here are just some of the reasons why I own Bid.com stock. I believe that the commercialization of the internet is only two years old. The opportunity is tremendous. We just have to pick the right companies and be confident in their business model to succeed. As you all know, this is easier said than done. Abbey Joesph Cohen (who has the ability to move markets) was quoted yesterday as saying that Market Share is what counts. People who try to value Internet stocks based on earnings etc. will fall behind. When she said that - I immediately thought that this is no different than the Gold Rush. The people who end up with the best and biggest stake will have a much better chance of making it. Bid.Com is trying to stake their territory by developing a truly international Company. I believe that this is a good thing - I am banking on the expectation that they can pull it off soon! Their web-site can definitely be improved, but the concept and the business model seems sound. It is interesting, and the Bid Buddy makes their auctions fun and safe. You can get a good deal on their site. Margins will come. I consider what they are doing as a prolonged loss leader. When they are up and running, their other business models will definitely contribute to their overall profitability. Any good retailer realizes that ingrained traffic patterns are what counts. This means that when a customer is used to turning right out of their driveway to go to their favourite store, it will take one hell of a big incentive to get them to start turning left to go to another competitor. So I really don't care right now that they aren't making a profit and are spending $ to generate visits and sales. Right now, the more the better. I believe that as I write this, the number of people visiting the two sites in Canada and the US is growing. The earnings reports will be important because then we will all know how effective they have been at increasing their market share. I am not by any means comparing this stock to any of the other value stocks I have in my portfolio. This is a growth stock that is trying to grow, and I believe that they will be successful. I am however very aware of the risk reward ratio as it applies to these stocks. But this is risk I am willing to take. I often sit back and think about what the value of this company's shares will be if it can open up another site in say Europe or Asia, or if it does get listed on the Nasdaq. As the company has stated many times, they are attempting to build a business model that is multi dimensional. They are not expecting to survive on one revenue stream alone. This could be a very profitable and rewarding holding that for now outweighs the associated risks. I believe Bid.com is well positioned in that as we move forward into the year, we will see more of the well capitalized companies buying the smaller ones to grow their market share quickly. This company would be a relatively inexpensive way to do that. Now I could be wrong, as I have many, many times before. But I can tell you that the enjoyment and financial rewards I get from being correct far outweigh the bad times. You don't have to be a financial wiz to know that to profit and sleep well throughout 1999, an investor should have well positioned portfolio that includes value, growth, and income assets in it. Many people are playing this stock for the quick wins that it can (and has) provided. I do as well. I trade some other companies shares for the sole purpose of increasing my current account and to provide me with spending money. However, as I trade this stock, I am doing so to primarily add more shares to the other Bid.com shares in my long term account. I haven't be the farm on this, and I feel I can sleep at night knowing that I have a solid portfolio of some of the Bluest Blue chip Canadian and US stocks. My advice to anyone who doesn't have a solid and strong portfolio yet, be very careful. This might hit it big, but it also may not. I also believe that with the huge number of shareholders banking on the success of this company, we can and should do what we can to help them be a success. As shareholders, we should be taking every opportunity to tell people about how they can purchase products on their site - or better yet show them how it works. Go see your purchasing manager and explain the "business to business" model that they are building. This shareholder based marketing has worked for other companies, why not for the company we have have staked some of our money in. What the hell, if this works well for Bid.com, then I can give everyone the names of the other companies I have in my portfolio. :-D Well I have to wrap it up. I have to apologize for this long post, but I have been keeping this in for quite awhile while I lurked on your site. Good night.