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Microcap & Penny Stocks : Gala-Bari International Inc - GAB - E-Mall stock -- Ignore unavailable to you. Want to Upgrade?


To: cash money who wrote (157)5/5/1999 7:38:00 PM
From: David Michaud  Respond to of 829
 
Fagan says don't ignore what Bid.Com represents

Bid.Com International Inc BII
Shares issued 38,963,434 May 4 close $19.85
Wed 5 May 99 In the News

Brian Fagan, writing in the April 26 edition of the Fagan Report, says whether or not you think Bid.Com International is overvalued at $1.5-billion ($30 a share), investors cannot afford to ignore Internet stocks. There are risks, however. Mr. Fagan says seven such stocks that he follows -- Bid.Com, Dejour Mines, American Gem, Dion Entertainment, Network
Gaming, Oro Nevada, and LatinGold -- were up an average of 815 per cent during a two-week period ending April 9. In the following two-week period, each stock gave up around half of its value from its previous two-week high.

The Washington State-based letter writer says investors should take this kind of market action seriously. "I think we are at the very early stage of a sustainable rally in junior tech (and) Internet stocks," he writes.
Bid.Com was trading in October 1998 at under $1. That month it struck a deal with Rogers Communications and later Yorkton did a financing for $10.3-million. In March, the Globe and Mail referred to the company as "Canada's Ebay" and on April 8 it hit an intraday high of $32.35.
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And here is GAB ... 22 cents

DM