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Microcap & Penny Stocks : AMIG - THE NEXT AUCTION SITE -- Ignore unavailable to you. Want to Upgrade?


To: Andrew Shikiar who wrote (138)1/29/1999 9:31:00 PM
From: JF2155  Read Replies (1) | Respond to of 251
 
Andrew-why did you buy this stock after looking at there web site --I must be missing something but hey I looked at UBID site and thought it was a joke --its stock ( which didn't exist until recently ) took off to the moon ?? I guess I'm spoiled by EBAY site or even Yahoo auctions sites.

JIM



To: Andrew Shikiar who wrote (138)1/29/1999 9:58:00 PM
From: Bill on the Hill  Read Replies (1) | Respond to of 251
 
I watched CNBC and an analyst (notice the first four letters of that word) discussing the future of the internet issues. His recommendation was with companies that are pursuing business models such as the one AMIG has.

1. No warehousing

2. No inventory

3. No salespeople

4. No payroll

5. No shipping charges

6. No phone banks

7. No catalog

Just lots of customers and opportunity. This is the beta release from what I can tell. They have upgraded color into the site and have slowly added features since the first day they brought it up.

I was bidding on items at E-bay over a year before they went public. When they went IPO I remember having a crossing thought that this was kind of a unique company and it may just be worth $8 to $10 a share. I was even going to try to buy some of the E-bay stock and then got real busy trying to bid on a 1923 issue of National Geographic that I really wanted. Somehow in all of the excitement of finding something that I had searched years for previously, I found it right on my computer screen from the comfort of my desk in the mountains of Colorado. Then I forgot to BUY THE DAMMM STOCK!!!!

There is a lesson in there somewhere. I read thousands of these posts on SI every day. Literally thousands, quickly, slowly moving from thread to thread trolling for that elusive trophy catch. Some days I hook one and it feels like a lunker and when I land it the profits look like a 4" sunfish compared to what I was suspecting... E-bay and their business model felt like a 4" sunfish and when it was landed was MOBY DICK!

God their are a lot of professionals on SI. I never noticed really how many prognosticators and statisticians and crystal ball readers were on these threads until recently. They had a blindfolded monkey pick stock picks out of a glass bowl and the monkeys picks were as good as 4 out of 5 wall street stock specialists. That outta tell us something. I have to learn to trust what I know. May I be so bold as to say that again? I HAVE TO LEARN TO TRUST WHAT I KNOW!

If I like something chances are you will like it. If you like it and buy it chances are that if I like it I will buy it. I could go over this website and pick it apart for the next three weeks. By then the price may be $12 a share. You want to know why I really don't like this stock at $4 a share? It is because I had a chance to buy the thing a week ago when a fifteen year old boy wonder told me I should and the price was just over a dollar. Now at $4 I am mad at the stock and the price because I was too stupid and bullheaded at 47 years of age to listen????????

Live and learn. I have been waiting for the price to come down for three days so I could load up. All day long I sat here going SH--, SH--, SH-- and the price still did not drop. I think that the older I get sometimes the dumber I get. I know I have gotten more bullheaded. Gotta work on that.

Maybe Monday morning I can load both barrels???? Com'n $3.