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

To: GoNorth who wrote (16226)	4/2/1999 3:47:00 PM
From: buffet	Respond to of 37507

To the thread: I've been posting (sporadically) as long or longer than any current participants, through thick and thin, good and bad, hell or high water, battling shorters and doomsayers, etc., etc. We are in uncharted, but decidedly positive, waters. The TSE announcement is undeniably favorable and we're waiting to be listed on the NASDAQ (this is, for all intents and purposes a done deal) at a very receptive time. We follow the marked success of Priceline.com, with a patent at least as strong as theirs, and for whatever the reason, the markets don't seem to give a rat's ass (phrase of the day) for the calamity unfolding in eastern Europe. Assuming everyone devotes time here to make money, a long holding position seems the overwhelmingly safe stance for the next ten days. Risk takers may go short, but obviously at their peril. My point is that we should all be enjoying the excitement and our good fortune, whatever our bets. Our sniping doesn't matter anymore (if it ever did). Self-medicate as needed, but let April play itself out, and don't worry about what you can't control.

To: GoNorth who wrote (16226)	4/2/1999 3:55:00 PM
From: Dave Kiernan	Read Replies (3) \| Respond to of 37507

UBID fell from 50s to 30s during the first 5 days trading on NASDAQ. It will be interesting to see how BIDS rocks or rolls.

To: GoNorth who wrote (16226)	4/2/1999 5:05:00 PM
From: donkeyman	Read Replies (2) \| Respond to of 37507

GoNorth: I'm in no position to give anyone advise. I suppose if there's an announcement on a Nasdaq listing, hopefully that might dart the value of the shares up a bit. Some of my friends who hold a few shares of Bid.Com had a plan to sell half on day 1 of the Nasdaq because it looks like many of them take a good jump on that day. If I were to give some advise," I would suggest you would copy the graphs of the performances of auction companies that you are familiar with for example, UBID, EGGHEAD, ONSALE, EBAY, etc". What shocked me about the graphs was yes, there was a good jump on the first day, but nothing like the jump 1-3 weeks later. In the meantime, after peaking most of them stabilized much lower than their peaks. So I'm thinking twice now about bailing out 1/2 of my few shares on day #1. Then you have the problem some of those companies have IPO's and others haven't. Then a company like EBAY has about 129 million outstanding I think, but most of them shares are held within the company. How many are for sale on the open market - I still can't find out. The other day I believe after 6 months on the Nasdaq, EBAY got permission to sell another 6.5 million shares from the inside. If they do that every 6 months, it won't take too long for them to have the whole works 129 million on the market for sale.??? But who knows? Anything can happen in this racket and we always have the fear of something striking us from an outside source.