Enjoying the ride of the past couple of days.
I have been looking for a cheaper way to invest in
ideas like VerticalNet, Ebay etc. I am into them now
and am waiting for the split. The new NASDAQ listing
Bid.com (BIDS) seems to be a sound idea. Auctions new
products from manufacturers, proprietory software, has
been listed on the Toronto Stock Exchange for two
years now, and is spreading its wings to the US and
Open to thoughts, feedback etc....
BUY UBID - Going up atleast $10
check out there q1 results.
Per share loss of -.27
before non-cash charge, beats the estimate by .6 cents.
First call estimate was loss of -.33 before non cash
Revenues increased 1,554% over the first quarter of 1998,
and were up 42% over the fourth quarter of 1998.
increased twenty basis points over the
fourth quarter of 1998 to 8.7% due to new higher margin
categories and advertising
revenues. Operating expenses
increased over fourth quarter 1998 levels to $5.6 million,
due to increased advertising
investments in infrastructure, but remained fairly steady
with fourth quarter levels as a percentage of sales at
16.5%. Losses for the first quarter of 1999 were $2.5
million before the anticipated non-cash charge of
stock-based compensation related to the
IPO. The loss per share for the quarter was $0.27
before the non-cash charge and
$0.37 after the
UPgrades/ratings coming tomorrow.
Minyoung Sohn, Research
Analyst, Janus Capital
Interviewed by Michael Miliard
Janus Mutual Funds owes much of its recent strong
returns to its successful
technology holdings. In
light of this, The Internet Analyst recently spoke to
Minyoung Sohn about his current Internet
[THE INTERNET ANALYST] What's your
favorite Internet stock at the moment?
SOHN] Definitely EBAY (EBAY). People don't really
power of its business model. It's
transaction-based, the firm holds no inventory, and
it can run
the whole thing on $10 million to $15 million in
gross property, so it's
highly leveragable. Second,
its management team is just tremendous; CEO Meg
Whitman is great. The best thing is that the site really
serves a community of users.
That's its real value.
EBAY is the largest community of active traders on the
[TIA] What would you say is driving the
[MS] The auction model suggests
that in the end there will be few winners, and perhaps
only one. That's the
nature of this type of site �
the seller wants the largest possible audience and
the buyer wants the biggest
selection, so the two
sort of feed off each other. So far, EBAY is the only
site that's found that secret formula, for
others are still looking.
[TIA] Talk about
EBAY's closest competitors and how they
[MS] YAHOO! (YHOO) is the next biggest auction site,
so far it hasn't been as successful in building an
community of users. Also, AMAZON.COM (AMZN) has
entered the race. The site is interesting and it's got a
charter merchants so far. The question is
whether it can get a
good portion of AMAZON.COM's
eight million registered
users to participate in the
[TIA] How about EBAY's alliances
with other Internet
Actually, I'm very excited about the recently
deal with AMERICA ONLINE (AOL). EBAY will be
featured auction site. Now EBAY, which had 2.1 million
as of the fourth quarter of 1998, will have access
to the 18 million registered AOL users. AOL also can
building both loyalty and an
international reach. The prospect of tying these two companies
together is very
[TIA] How fast would
you say EBAY is growing?
[MS] Right now it's
at the point of hyper-growth. It had 340,000
registered users at the end of 1997. By the end of
it had 2.1 million. I expect the firm to continue to
grow at a very
Be nice about it, tell them how much you
appreciate this board, and how sick you are of the spamming
and people using it as free advertising.
wrote them. Got an fast and nice response,
acknowledging the problem, and that they are working on methods
to change this. The new "user registration" was
supposed to be part of this - obviously it was not
Let them know!
Read the sec filing. They have alot of good
plans. This is only the beggining!
I think the sell
off is just a combination of MM's accumulating and
the float going from Canada to USA.
And the news
froom Yorktown sounds fishy....they downgrade and then
they buy over 100,000 shares- then news like this
comes out. hmmm
There are 2.5 m shorts out there (so
i read) they have to cover.
There was also some
HUGE prints yesterday at the bell.
Blocks of 1/4,
1/2 million shares, etc.
not sure who was buying
I think we will see some good news in there 1q
results too and membership shoudl jump through the roof!
I checked out the Dutch auction yesterday...it's
kinda neat. I know I will be registering this
good luck to all longs
EDIG, e.Digital was up 51% today on over 14
Million shares traded to .72. News out all day regarding
a handheld device they are working on with Lucent
to listen to music from the Internet. Looks great to
me, should pop tomorrow too. Here are the links to
all the news from today: