I reinforced BIDZ throwing some spare change on that looser November 21, 2009
Posted by deminvest in BIDZ, growth stock, investment, My investing mistakes, nasdaq, Nasdaq stock.Tags: gold, jewlery
9 comments
BIDZ lost 75% Since I bought 100 shares for $ 1008.
I checked on Alexa that the online auctioneer’s website still attracts large number of visitors. So I figured I may average down (which usually is a bad idea!) by buying 90 more BIDS for about $230.
Here is my silly order:
Executed Size: 90
Executed Price: 2.47
Let’s see what happens.
Kevin about Bidz.com (BIDZ). Is it a bargain? December 7, 2007
Posted by deminvest in BIDZ, ebay, growth stock, Internet stocks, investment, nasdaq, Nasdaq stock, stocks.27 comments
Kevin’s comment about Online Jewelry Auctions BIDZ.com, on a previous Ebay post , is so interesting that it deserves the attention of main page:
“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.”