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

To: Steelguy who wrote (8972)	2/7/1999 8:12:00 AM
From: zwing_88	Respond to of 37507

Steelguy, I'm a big believer in overall market caps. If BII gets on NASDAQ, i really think it should be 50-100 USD, to be comparable to other auction stocks. However, their dilution and Canadian origins will hurt them and so I put it at $35US. However, a couple of hot announcements re a partnership or acquisition (management mentioned this) or a potential takeover and I think $35 could be easily surpassed. My valuation beliefs are based on comparables, not fundamentals. However, I think BII will have a great fundamental story one day. They are clearly doing the right things. Zwinger