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


To: waldo who wrote (13998)3/27/1999 8:39:00 AM
From: waldo  Read Replies (1) | Respond to of 37507
 


>> March 27, 1999
 

Jordan card scores big for Bid.Com Web site

Stock soars 8 per cent as takeover rumours swirl

By Anthony Massucci
Bloomberg News

Shares of Bid.Com International Inc., the Canadian Internet auction operator, rose 8 per cent yesterday as the company got set to sell a talking Michael Jordan trading card to boost Web site sales.

Bid.Com said the card, which replays a 12-second sound bite from last season's final National Basketball Association championship game, begins shipping today and is available only at Bid.Com's Web site.

The Mississauga-based company said the card, which has a sound chip embedded in it, will boost sales while bringing more Internet users to its auction site.

Bid.Com is trying to raise its profile while awaiting the verdict from Nasdaq on an application to list on that U.S. stock market.

''We think the card is going to be a high seller for us, and margins are extremely attractive,'' said Jeff Lymburner, president and co-founder of Bid.Com.

After a customer buys a card, he or she is automatically registered as a user, Lymburner said. The card retails for $14.99, (U.S.) plus $2.49 for shipping.

Bid.Com shares rose $1.05 (Canadian) to $13.90 in Toronto trading of 13.2 million, making them the most actively traded Canadian shares. The shares have more than doubled this week.

Bid.Com shares jumped the previous day on speculation that eBay Inc. might acquire the company.

But Lymburner said there are no talks with the Number 1 online auctioneer.

''That is a rumour,'' he said.

Thursday the company said it's adding advertising to its Canadian Web site beginning April 15.

Bid.com has formed an alliance with Rogers Media Inc. and added online music retailer CD-Plus.com Inc., business directory Yellow.ca and Indigo Books Music and Café.

Lymburner said the company has registered users numbering in the ''six figures and growing,'' although he wouldn't be more specific.

Bid.Com sells items such as jewelry, perfume, computers, electronics and sports collectibles.<<

thestar.com

W



To: waldo who wrote (13998)3/27/1999 9:05:00 AM
From: Tom Gordon  Respond to of 37507
 
I liken this stock to playing corn and soybean futures during a drought year with tight supplies.If you have done so in the past then you know what I'm talking about.It's gut wrenching to see a remarkable run up and then a down draft ensues shortly thereafter.If one is fortunate enough to be one the train early enough,just put up your feet and watch everyone trample themselves as they try to "play" the stock.I've seen this scenario unfold before,if you're not willing to wear your asbestos underwear during this volatility then get the hell out.If you believe in the company and the fundamentals of them as well,then be steadfast and enjoy the experience because I firmly believe the true fruits of this stock have yet to be sampled.



To: waldo who wrote (13998)3/27/1999 10:44:00 AM
From: JKNF  Read Replies (2) | Respond to of 37507
 
Waldo you left one important comment from your National Post Excerpt

"...Yesterday, CNBC reported Amazon.com was looking to move into the online auction business and that had investors saying Bid.com could be a possible target.
The rumours also have found their way back to the U.S. Business Week yesterday carried a Bloomberg story on its website about Bid.Com's stock price movement."

A bidding war would be nice, I hope they hold off untill we get our Nasdaq listing.

Regards

John