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


To: Boolish who wrote (11543)3/14/1999 6:33:00 PM
From: RG  Respond to of 37507
 
>>>>>My point is that analysts often times have their own objectives to fulfill. They are trying to generate commissions....or perhaps buy into a stock at a lower price.
Boolish,
I agree with you about analysts. It is hard to understand why an analyst would downgrade a stock when the company met it's expected numbers. This happened to Oracle last week. The company exceeded it's number by one cent, but that wasn't good enough. They butchered the stock with their downgrades. That stock had almost one billion shares traded on Friday! It went down 8 and some. Just think of the commissions on one billion shares of stock! Now the stock can be bought back at a bargain price and more commissions will be made.
I have to question the motives when it comes to analysts and brokers.

Also, someone mentioned Bid.com's web site. I don't agree with the statement. I think the site is better than other auction sites. I think it is very user friendly and entertaining. I have been on the other top sites many times. However, I do think that they need to increase the variety of items. If they did this, I think the site would easily be the number one auction site.

I think Bid.com has fantastic potential with the prospects of a European site in the very near future, cable tv shopping, and business to business auctions. This is all the more reason this stock should rise steadily and build a solid base before taking off. All IMHO of course! This is a keeper! (-: