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


To: Mr. Forthright who wrote (7629)1/28/1999 10:07:00 AM
From: SOROS  Read Replies (3) | Respond to of 37507
 
You know, Mr. F, everyone can keep yelling about tulips, tradition, history, etc., but guess what? The Internet is here to stay. The entire world landscape is changing. Life (if it goes on - big if) will be entirely different than yours and my childhood. Give it up. People will look back in a few years (remember big if) and say, "if I had only invested in those Internet companies, I'd be rich". And guess what, they will also say, "you know, I could have bought just about any of them in 1997-1999". You can continue to be negative, but look at a chart on MANY of the tech companies from 1987 to now. $1000 turns into millions in case after case. Seems impossible, but it is true. Whose companies will return millions? A few. Whose companies will return hundreds of thousands. Many. Whose companies will return a good profit year after year. Just about every Internet company today.

I remain,

SOROS



To: Mr. Forthright who wrote (7629)1/28/1999 10:29:00 AM
From: Ginco  Read Replies (1) | Respond to of 37507
 
NEW YORK, Jan 28 (Reuters) - U.S. Federal Reserve chairman Alan Greenspan on Thursday said some Internet stocks reflect a ''pie in the sky'' view, but that others could succeed in the long-run, which would justify their higher prices.

Greenspan made the comments in testimony to the Senate Budget Committee. The Fed chairman also addressed Social Security, the budget surplus and other issues.

An American Stock Exchange index of Internet stocks (^IIX - news), which had dipped briefly after the chairman's comments, moved to session highs. The index was up 23 points or more than three percent to 771.

The following are analysts' comments on Greenspan's
comments:
BARRY HYMAN, MARKET STRATEGIST EHRENKRANTZ, KING AND
NUSSBAUM
"He is looking at the reality of the situation. Even though
valutions are looking a little stretched, industries that are new generally carry some excessive multiples."
JOSEPH BARTHEL, CHIEF INVESTMENT STRATEGIST, FAHNESTOCK & CO

''I think the internet stocks will be marching to a different drum than what Greenspan had to say. The Yahoo/Geocities news and AOL news are more likely to be the driving force. It's very hard to know what companies he's implying the capital should flow into.''

(Note: this article is ''in progress''; there will likely be an update soon.)

--------------------------------------------------------------------------------



To: Mr. Forthright who wrote (7629)1/28/1999 10:45:00 AM
From: Denise D  Read Replies (1) | Respond to of 37507
 
Hey Forthright!

Glad to see you're back (I'll probably get stoned for that one.)

I would... jewellery by auction, reputable auctioneer (as opposed to rumors swirling Ebay)...

A girl's best friend and all that.

Regards,
Denise.



To: Mr. Forthright who wrote (7629)1/28/1999 7:57:00 PM
From: Ginco  Read Replies (3) | Respond to of 37507
 
Globe says Bid.Com projection revealed by Brendan Kyne

Bid.Com International Inc BII
Shares issued 21,023,000 Jan 27 close $5.45
Thu 28 Jan 99 In the News
The Globe and Mail reports in its Technology pull-out section in its
Thursday edition that Brendan Kyne, a portfolio manager with Driehaus
Capital Management, says that Internet auction house Bid.Com International
should have revenue of $50-million in 1999.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com