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

To: SwampDogg who wrote (18936)	4/11/1999 8:15:00 PM
From: Thomas Kirwin	Read Replies (2) \| Respond to of 37507

StockHouse.com News Maker Interview - Apr. 8, 1999 James Dines: A Warning to Wal-Mart, Sears, Investors of Online Auction Stocks and Internet Bears! 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. stockhouse.com

To: SwampDogg who wrote (18936)	4/11/1999 10:24:00 PM
From: WhatsUpWithThat	Read Replies (1) \| Respond to of 37507

Don't know anything about it personally, but reminds me of a column James Cramer wrote some back on theStreet.com (he runs a good-sized hedge fund). He was reminiscing about how he tried for years to read the futures each day to help determine his trading for the day. Finally decided it was pretty much a crap shoot, that flipping coins would help about as much in figuring out how the market would turn out overall. Hope he's right here <g> FWIW WUWT