I reinforced BIDZ throwing some spare change on that looser November 21, 2009Posted by deminvest in BIDZ, growth stock, investment, My investing mistakes, nasdaq, Nasdaq stock.
Tags: gold, jewlery
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, 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.”