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


To: Ruyi who wrote (6924)1/21/1999 6:26:00 PM
From: Crazy Canuck  Read Replies (1) | Respond to of 37507
 
In my former career, I worked the retail industry (for 20 yrs.) At times, we were selling items below cost during price wars. Many people thought that we were crazy and would go broke. As well, when the store managers looked their profit statements they would think that we were giving away the farm and that the roof was falling in. What many of them did not realize is that that our buyers had negotiated pretty sweet VIA's (volume added incentives) that went to the administrative bottom line. This was only one of the many, many different ways that a retailer (traditional or on-line) could make money. This is why our company continued to surprise with our earnings.

There is definitely more to the story than what you are harping on.

If you understood the business that this company is in, you would realize why some people are very positive on the model they are building.



To: Ruyi who wrote (6924)1/21/1999 6:45:00 PM
From: Thomas Kirwin  Read Replies (1) | Respond to of 37507
 
Get Your Facts Straight!

Doug,

<<Buiness model- sell goods at cost, buy millions in advertising, issue press releases, try to boost stock price, pretty well sums it up!!>>

What company are you talking about? It was UBid or EBay that announced a cost basis for selling merchandise not Bid.com. All e-commerce entities spend heavily on advertising! Lastly, name one company that does not make a press releases to enhance shareholder value or communicate developments?

Nice try!

Regards,

Tom



To: Ruyi who wrote (6924)1/21/1999 7:02:00 PM
From: Moneysmith  Read Replies (3) | Respond to of 37507
 
Re: IBM. my apologies. stock down $6 after brief halt on instinet.

not too bad at 3%..tomorrow is another day.



To: Ruyi who wrote (6924)1/21/1999 8:06:00 PM
From: Sili Investor  Read Replies (1) | Respond to of 37507
 
>>>GO back to earlier posts and you will find many posts containing relevant information. If that really is what you are looking for, somehow I expect that you don't really care about anything that runs counter to your mania. <<<

Doug, would you suggest they go back to your posts and read how you don't yet know how to read a Financial Statement. What sane person, who is willing to pay good money to use this forum, would take advice from a person who doesn't even know how to read a FINANCIAL STATEMENT.

Everyone new here, take a look at these posts. Doug shows what he's really like at investing. Can't even read a financial statement. I really feel sorry for him, I hope he's not investing!
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