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


To: waldo who wrote (10165)2/19/1999 12:05:00 AM
From: RG  Read Replies (1) | Respond to of 37507
 
Here is a great post on Yahoo addressed to a very frustrated BII holder:(BTW I agree with it completely)

Your frustration is understandable. All us serious BII holders are impatient simply because we're so sure we're right. But here's why you need to chill:
I work in Manhattan and start every day by reading the business sections of The New York Times and The Wall Street Journal. Each paper provides a daily index of the companies mentioned that day in their respective business sections, and the first thing I do when I open the paper is to check the index to see if Bid.com got a mention. Never once has the company been mentioned in either paper in the months I've been watching this stock. No US broker has yet issued any report on the stock. The stock is not included in the Internet Stock Index and we're thankful if Steve Harmon mentions it once every 2 months in response to some letter. Articles about ebay and ubid and the others don't mention Bid even in passing. As Ranatka already pointed out, we on this board will never be enough to drive up the price of this stock significantly or to create a fraction of the interest that a single mention of BII in a Wall Street Journal article about internet retailers could ever generate.

But just wait until the stock is listed and easily tradable on Nasdaq and the company gets its first mention in a major US newspaper as a player. (Let alone if it gets a full write up or a mention that its been undervalued to its competition). Or in Business Week. Or on CNN. Or on Wall Street Week. Whatever. Not one of them is onto BII yet. But once one picks it up, they all will. Or when the company gets its first mention in a report from a Merrill, Salomon, DLJ, or other recognized firm. This company will take off. Just as sure as that woman on the billboard's got to put on a coat when she goes outside in TO in February. And when that happens, you, and the birthday girl, and that Star Wars guy, and bobbobbobbobbob, and me and all of us others who have been patiently holding Bid will be whistling a happy tune. Because this is one of those rare opportunities in life when you know about a gem before the rest of the investing world. Buy Bid, hold Bid and try, as hard as you can, to be patient a couple more months. Your patience will be rewarded :)



To: waldo who wrote (10165)2/19/1999 12:21:00 AM
From: mccowaner  Respond to of 37507
 
I can see that the kind of site that EBAY has is a fertile ground for folks to fraud one another. I think they have been trying to keep the news under wraps, perhaps in an attempt not to encourage others by exposing the possibilities and also not to frighten people. Ebay has found the Golden Goose and does not want anything to steal it away.

That is why I like the business plan of Bid.com. It seems that since it is business to business and business to consumer that they are in a comfortable position to avoid these kinds of fraud.

One more reason to be invested in the right company !!

Thanks for your info!