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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (9120)6/2/1999 8:52:00 PM
From: mister topes  Read Replies (5) | Respond to of 42834
 
Late buyers surged to the justabid.com post on Wednesday
afternoon in a frenzy to buy all available shares at whatever
price offered. Insiders say the buying frenzy was touched off
by renewed rumors on Fleet Street that Microsoft Bill Gates
is determined to swallow up both justabid.com and bobbrinker.com
in order to eliminate these pesky competitors, and Gates
is reportedly ready to meet justabid.com chairman
Justawerkinstiff's demand of 25 shares for each justabid.com
share. This would increase the total takeover to more than the
entire market cap of Microsoft, but Microsoft would acquire both
the justabid.com and bobbrinker.com domain names for all eternity,
which should provide some solace. Both justabid.com and
bobbrinker.com shares closed at record highs, however Microsoft
shares remained far below their old high as nervous shareholders
became concerned that Gates had lost his marbles by upping his
takeover bid. Reports now say Justawerkinstiff and Brinker could
divide over $200 billion if the deal goes through. In a new
wrinkle, justabid.com has announced it may never turn
a profit ever, no matter how long it remains in business.
This added to the buying frenzy in justabid.com shares as
internet stock junkies realized justabid.com may never be
burdened by the spectacle of a price/earnings multiple.
Justawerkinstiff remains in seclusion somewhere near Albany NY
trying to figure out whether he wants to take the money and
run or continue building losses for the future. Brinker was
reportedly on the golf course and did not seem to care much
about any of it.



To: Justa Werkenstiff who wrote (9120)6/2/1999 10:51:00 PM
From: Lars  Respond to of 42834
 
Justa,

>>>
Lars: Did you sell your justabid shares today on the open market? Stock is down another 10% today. What gives. You think it is time for another split or a follow-on offering?
>>>
I am a long term investor. I am holding at least until this afternoon. HA!!!

Yeah, a reverse split.

>>>
We are going down fast. I should have listened to Brinker and sold justabid. I am so ashamed I can't show my face on the Honor's thread anymore.
>>>
Don't worry, we just need to keep hyping the stock. It will turn around.