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Microcap & Penny Stocks : Cool Entertainment (CULE) -- Ignore unavailable to you. Want to Upgrade?

To: burner who wrote (205)	4/11/1999 12:57:00 PM
From: burner	Read Replies (1) \| Respond to of 488

I picked this article up today in my e-mail. It suggests what we all know and why we are attracted to a company like COOL: >NEW VALUATION TECHNIQUE NEEDED >by Stockwatch Business Reporter >With Bid.Com hitting an intra-day high of $32.35 on April 8, at least one >analyst is shaking his head and wondering whether a new valuation technique >is needed when it comes to Internet stocks. Taurus Capital Markets analyst >Adam Adamou has been bearish on Bid.Com for some time but has decided to >steer clear of another recommendation. "Frankly, I don't know any more," >Mr. Adamou says. >In early December 1998, Mr. Adamou drew the ire of Bid.Com president Jeff >Lymburner for claiming that the stock was a game for fools and greater >fools, suggesting the company was overvalued, even compared to similar >Internet issues. At the time Mr. Adamou's comments appeared in the >Financial Post, the stock was trading at $4. On Feb. 10, with the stock >trading close to $6 another Post article had Mr. Adamou and fellow Taurus >analyst David Dvorchik claiming that Bid.Com was their top sell pick. >Recently, the stock has rocketed up on heavy volume, trading over 22 >million shares this week and breaking above $30. "It's not the first time >somebody has been wrong in calling one of these stocks," Mr. Adamou says. >Mr. Adamou points out that, apart from hype on Internet chat sites, nobody >would have predicted a $30 target for Bid.Com. He suggests that the large >number of retail traders who are managing their own portfolios and trading >over the Internet may, in part, account for the phenomenal rise in the >stock price. "There is clearly hysteria going on," he says. At present >prices, the company has a market capitalization of more than $1.5-billion, >and Mr. Adamou cannot square that with fundamentals such as a gross margin >of approximately three per cent and quarter over quarter growth of 1 1/2 >per cent. He adds that even potentially troubling news from competitors, >such as Amazon.com's announcement of a move into on-line auctions and >eBay's top auction spot on AOL, seems to have had no effect on the stock. >"It's trading on something that I have yet to decipher." >"Traditional valuation techniques no longer apply," Mr. Adamou says. He >adds that he does not begrudge anyone making money trading the stock. "As a >short term, no fundamentals, that's great," he says. He is willing to >entertain the notion that a new valuation model may surface which will >allow analysts to make sense of the Internet frenzy but he seems to lean >toward fundamentals eventually being reasserted and reflected in the share >price. "Either there has been a complete change in how we value things or >these stocks are way overvalued." Until Mr. Adamou is sure one way or the >other, he has decided that 'mum's the word' on Bid.Com.

To: burner who wrote (205)	4/11/1999 3:14:00 PM
From: tobin sears	Respond to of 488

Thanks for the posts. If CULE is doing what I think their doing, then they are waiting to announce calculated, well-timed news to show their progress. Hopefully, this will lead to an ever increasing base. I also believe that there is a definite niche for "entertaiNet." I think that eonline and buy.com will be their biggest competition. In regards to internet valuations, I think that good ideas, not necessarily immediate profits, justify most of the run-ups that we are seeing. The number of people using the internet is increasing exponentially as is the number of people feeling confident about purchasing online. Thus, the stocks will continue to explode as long as they are under good management. That said, pretty obvious but I thought I would just ramble while waiting for news (:, I am hoping to see some additions to the website soon and some news regarding PR and distribution. Actually, some major additons to the website would be real nice since almost everthing will be based on that. As Gary just mentioned, bring it on CULE!!! Hope you guys had a good weekend. Tobin