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

To: nurk who wrote (18006)	4/9/1999 2:24:00 AM
From: Ruyi	Read Replies (1) \| Respond to of 37507

A Warning about Online Auction Stocks:Interview With James Dines IPO Special Report: StockHouse: How do you feel about the intensely competitive "online auction" sector? James Dines: Well, I think that we are now entering a stage where the monolithicity of he Internet, being one wonderful place to invest anywhere in it, is over. I think that you are already beginning to see some areas mature enough to the point where competition within itself, like the proverbial snake devouring its own tail, is occurring. When OnSale, which was one of our stocks in TRIL, which we kicked out, decided to sell its computers at cost, and make money on the fringes, I realized that the competition in that area would soon - after it demolished the auctions in the outside world - would begin to demolish cyber auctions. And I envision that area becoming way too competitive for me. See, I'm looking for a place like At Home, which dominates, for example, the interface between the Internet and cable. Something that is a monopoly in a way, not that vulnerable to competition. So the auction field is not one in which I'm enthusiastic on. And we have no auction stocks in TRIL now. StockHouse: Not even Ebay? James Dines : NO