To: Sili Investor who wrote (21849 ) 4/18/1999 11:11:00 AM From: Serge Ladouceur Read Replies (1) | Respond to of 37507
Here from stockhouse. I took the liberty to copy & paste this posting from ChrisKent3. Might switch the discussion on another topic than Dagan. ________________ "One thing is for certain on Wall Street, that is: Few things are for certain on Wall Street. Fortunately, one of the more seemingly certainties these days is that a company with "dot-com" in their name will do well (intially). My friend in the previous post tried to explain what would likely happen to this stock on Wall Street. Of course none of us are certain, we just speculate. As someone heavily invested in internet companies, I'll thorugh my experience (meaning guess) into the discussion: Day One: The stock intially explodes in price, quickly cut by large volume of Canadian selling (many instant millioniares). Ends the day up 50%. Day Two: Again the stock rallies, cut down by selling of Canadian shares. Day Three: Market is assessed and better understood, the share rise in price, not stopping for the sellers. Price closes upward of US$75. Day Four: Retreats, follwed by paniced selling, closes in price around US$45. Day Five: 75% of shares controlled by American Investors. Stock stabilizes for short period. On or about May 10th, earnings are reported. (That will be "very pleasing".) The share price rockets itself above US$100. Bid.Com is now seen as, and openly discussed in the media frenzy, as the rival to ebay. (Americans love to see someone make it to the top, then knock them down after a while. Like Bill Gates, was loved then hated. As it will be with Ebay, loved then hated.) Anyway, while these are my thoughts on what will happen. Remember, the smart analyst in the US don't even attempt to comment on how internet stocks will perform. They've learned their lessons time and again. "