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

To: NTT who wrote (9585)	2/13/1999 12:48:00 AM
From: Crazy Canuck	Respond to of 37507

>>A strong quarterly from DELL will most definitely kickstart the tech sector. Currently there's a couple of analysts knocking DELL which caused some of the uncertainty today. Anyhow...<< Funny you mentioned Dell computer. Just so as to prove that I am really putting my money where my mouth is, I want to copy a post I sent to the Dell thread today. I sent this afternoon, just after I made a purchase. And I apologize in advance as I know it doesn't directly relate to Bid.Com, but it does tend to back up the response I sent to Doug a few minutes ago. ______ I have been looking to buy some Dell shares for quite awhile now. It is one to the stocks that I want to have as a core holding for the next ten years. Today, I finally saw an opportunity that I just can't pass up. I find that it is interesting that Dell computer is getting killed today. This is primarily based on two house's expectations that they will not meet earnings expectations. Other houses think that they will meet them. Yet the stock is down $10 today. As I see it, the company has not pre-announced an earnings shortfall. The only concern seems to be the total unit sales may be down, due to more competition. I don't see that. I really think that everyone benefited from an increased demand. Dell has diversified their product line pretty well over the past while as well. This situation could be a real stimulus especially combined with the expectation of the company announcing a split when they come out with their earnings on Tuesday. I see this as very good opportunity to buy some short term options. For example the Dell Feb 20 95 calls are now going for approx. $3 1/2. If they hit or exceed the target, then it will have a rocket strapped to its ass and everyone who sold off today will be trying to get it back into their portfolio again. Come Tuesday the U.S. markets (who may have discounted the news already) and World the world markets (who I don't think have as yet) could be happy that the Clinton Affair is finally over and there will perceived stability again. This has to be good for the market. Over the weekend, people will be re-thinking their portfolio holdings, and will probably be getting out of the fluff stocks and buying quality. IMO Dell is quality, and people will remember to buy stocks that have staying power for the long haul. They will put these in their IRA or RRSP accounts (The RRSP is Canada's version of the IRS). As the value of these options are down $6 in value today alone. The downside is relatively low, however if I'm correct then I MIGHT see over a 100 to 200% return by Wednesday. I could be dead wrong, but if I'm correct I will use my profits to purchase the actual shares. These I will hold onto for 10 to 15 years. Good Luck to all!