Kevin about Bidz.com (BIDZ). Is it a bargain? December 7, 2007Posted by deminvest in BIDZ, ebay, growth stock, Internet stocks, investment, nasdaq, Nasdaq stock, stocks.
“Have you seen what has happened to BIDZ in the last week? It was at a high of $22.50 and plunged after a report came out (from someone shorting the stock) about how bad the business was. It is now at $10.19. When I first looked at the price I thought it was steep and then did some research on the company. I bought a few items. No diamond ring from them. They could do some work getting better quality diamonds. I did buy some earrings and a bracelet for a relative for Christmas and was impressed with the quality.
I think this is a good buy price. I would expect a rise after they post their 4th quarter income statements. They have already been posting sales records this shopping season and I don’t see any reason why it would stop.”