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

To: WhatsUpWithThat who wrote (21668)	4/16/1999 10:42:00 PM
From: Jerry B.	Read Replies (1) \| Respond to of 37507

Case in point!!!!!!!!!!!!!!!!!!!!! Tonights the night......... i get thrown off SI for good. WUWT. grow up. what????? a hundred posts ago???????

To: WhatsUpWithThat who wrote (21668)	4/16/1999 10:42:00 PM
From: Ruyi	Read Replies (3) \| Respond to of 37507

Where's the bottom? Recognition of Amazon.com's offensive play sent the online-auction incumbents on the defensive. Shares of EBay (EBAY: news, msgs) lost 2 7/8 to 176. Onsale (ONSL: news, msgs) plunged 4 3/4, or 14 percent, to 30 5/16. That online auctioneer is having problems as it tries to diversify. Promotional and marketing expenses are expected to increase as the company tries to ramp up its relatively new AtCost business. The company reported that first-quarter losses widened to 28 cents a share from 22 cents a year ago. Quarterly sales rose 69 percent from the same period a year ago to $67.8 million, disappointing analysts who had expected sales from the AtCost business to contribute even more to the top line. Lauren Cooks Levitan, an Internet analyst at BancBoston Robertson Stephens, lowered her estimates to reflect the increasingly competitive auction landscape and Onsale's plans to keep marketing spending high. Where's the bottom? Kiggen's aggressive call prompted skeptics to speak out that even with the recent weakness, the Net sector may have more room to fall for the mere fact that valuations have run ahead of the fundamentals. "(Kiggen is) another analyst reinventing valuation criteria," said James Glickenhaus of Glickenhaus & Co. "These analysts are always looking for ways to move the stocks, but for the overall Net market I'm not convinced we've found a bottom yet."