BIDZ (Nasdaq) debuts on the IBD100 list at #2 + article in 11/19 IBD paper

[mystiky]

Looks like the BIDZ stockholders might have a very nice upcoming week. It finally made its first-ever appearance (after the market close on Friday) on the much-followed Investor’s Business Daily top 100 companies list at #2 (BIDU being listed as #1, DRYS as #3 and ISRG as #4).

And in addition to this, IBD’s Monday’s (November 19) upcoming edition of the newspaper has a whole article/profile on BIDZ on page A6 under the “IBD New America column”. Here is a free-link to it:

http://www.investors.com/editorial/IBDArticles.asp?artsec=7&issue=20071116

BIDZ has a trading float of about 14 million shares, with 1 million of them sold short. Can we all say “short-squeeze”?

[IIC]

As I mentioned in my In Late-Out Early post on 11/13 I dt'd BIDZ for a nifty .50.

The reason it is not on the IIC 100 is because future eps projections are not high %-wise...In fact some quarters are negative...But as often happens projections are not updated on a timely basis so we'll see.

I can actually walk to the BIDZ.com warehouse from where I live...It's not around the corner but it is walkable...I'm going to go over there soon and see if they sell anything direct.

What a FUN SITE...The auctions don't close as long as bids are continuing...I just watched one for a Lucien Piccard watch that I would have bid on if I had registered...Which I will do later or tomorrow...Retail $1,555...went for only $224...I'm sure you could get the one I was looking at for about $1,200...but wow...almost a grand off.

I saw some that were sold for a dollar or two...They were not fancy or anything and probably retailed for under 40 bux...but what a bargain hunters paradise....They have everything from luxury stuff to cheap stuff.

They also sell a lot more stuff than just jewelry...I just might do all my Christmas shopping at Bidz.com...Check it out

EDIT...Wow...another one same retail went for $165...Problem is that they don't tell you the model number and so far I can't seem to find the exact same watches at other sites...They seem to have some nice prices on Bulova and Ebel...Possible that even tho these are new they may be old models...Takes a little work but if you are savvy and careful it sure seems like you can get some nice deals

[mystiky]

more on BIDZ

Hi IIC,

I was surprised that you did not have it at all on your top 100 list, but thanks for explaining why. Seems like the site is really fun! I actually visited myself about one hour ago and some of the deals are just amazing?!

Seems like a legit company, that's making money and definately during the last 3 months the chart looks like as good as it can get. It jumps, then bases for a little while, then jumps and bases and keeps doing that. So far from $8 to $12 then to $14 and now $16-$18.

Whats also amazing is that since the DOW topped out on October 11 and has dropped 1,000+ points, BIDZ has been up from about $12 to $17. Now, THAT's impressive! Even NILE has been dropped from $110 to $70 before bouncing back to $80 during the same period.

And BIDZ is #2 after NILE for Jewelry sales.

In any case, BIDZ is definately one to watch nd I expect alot of action on Monday with the IBD promotion at full force.

[IIC]

Another thing I see that they are doing on many non-jewelry items is that they have afilliate merchants...That seems like a nice concept...they get the merchants to offer their own stuff and they take a cut...That way no $$$ are tied up in inventory.

After studying the site for quite some time I would say as Mr. or Ms. Shopper that you can get some great deals IF YOU KNOW THE PRODUCT...If you don't know the product you could possibly be disappointed with what you receive...Not that you are gonna get ripped off but I know from experience that sometimes when I've ordered something from a photo w/o a model # that I was disappointed even tho the item was described correctly. But if you know the item then you can bid intelligently.

I also noticed that they sometimes list a Retail price and sometimes a Compare price...The compare prices seem a bit inflated so far...maybe the HIGH RETAIL PRICE???

But overall so far I love this site and for the educated shopper I think it is SUPER DUPER!!!

[IIC]

Well...Bot myself a new $1500+ watch for under $200...I sorta screwed up because I thot it was the women's version and I wanted to get my wife a new watch for XMAS...But it sure was fun...BID BID BID...It certainly is an art...I particpated in several auctions...I even learned how to auto-bid...Come to think of it I better go check to see if any of those got filled...YIKES...I might be broke...Sorta like putting in a whole bunch of BUY STOPS...LOL

[mystiky]

congrads on the watch!

Well, I guess you have helped BIDZ with some revenues for the current quarter....

[IIC]

Well, I guess you have helped BIDZ with some revenues for the current quarter....

Well...nothing else got filled...So I logged off...Not that I will be but I can see how this site could be addictive for shopaholics...Fortunately, I'm not much for shopping...Yet anyway

But it sure is fun!

[Karel]

Yes, it is a addictive to shopaholics, yes, they don't give model numbers, yes there are quite a few problems circulating on the Internet. And Bidz seems to have a BBB F rating. (Look here to see if that still applies.) I don't think I am interested!

Bidz has been discussed before: http://www.mrmarketishuge.com/showth...bidz#post87149

Regards,

Karel

[Peter Hansen]

Karel Right On The Money

Yes, it is a addictive to shopaholics, yes, they don't give model numbers, yes there are quite a few problems circulating on the Internet. And Bidz seems to have a BBB F rating. (Look here to see if that still applies.) I don't think I am interested!

Bidz has been discussed before: http://www.mrmarketishuge.com/showth...bidz#post87149

Regards,

Karel

karel the STOCK may do well.....but NEVER .....I Repeat NEVER order from BIDZ. Just google the site and check out all the complaints about the company. Missing stones in Jewelry, not as represented, ( These guys could make Whistler's Mother Look Good) and returns ah ha ha ha....."FUHGETABOUT IT " Good luck and my prayers for anyone who buys from them !

[Karel]

karel the STOCK may do well.....but NEVER .....I Repeat NEVER order from BIDZ. Just google the site and check out all the complaints about the company. Missing stones in Jewelry, not as represented, ( These guys could make Whistler's Mother Look Good) and returns ah ha ha ha....."FUHGETABOUT IT " Good luck and my prayers for anyone who buys from them !

Oh, I realize that the stock may do well, regardless of the low business ethics of the company, or perhaps even because of it, but it still sounds too much like a recipe for disaster. There is a risk that the, errm, fertilizer hits the fan, and then who will be left holding the bag?

Give me a real company to invest in! As soon as I discovered that MTEX considered themselves as messengers of God for our health or something (and that discovery came rather late), it heavily influenced my decision to drop the stock.

Regards,

Karel

[IIC]

Well...I'll let you know if the watch is any good.

Now, the Compare price is $1555 and I know I saw basically the same one for $1195 in the store a couple of years ago...but they have a lot of models and I cannot be sure it is the same one.

This morning I searched the net and I believe I found the same watch...Retail $750 on sale for $299 to $450...I paid under $200 so I'll let you know. Problem is that Lucien Piccard watches retail from about $100 to $3,000 and w/o the model number it is hard to exactly compare...I can only go by the photo.

The one I bot doesn't appear on the Lucien Piccard site and since one site I found said sold out and the other one said Clearance I am assuming it is an older model.

As far as diamond and gold jewelry I would never buy anything site unseen as I'm fairly certain the photos make things look better than they are.

As for the BBB rating...that is a little disturbing although the complaints were all about jewelry and even IBD had an F rating when Toby posted it...although now I see they suddenly have an A rating.

Well...I'll let you know what happens...Doug(IIC)

[mystiky]

Hey, as they say -- never fall in love with the company. And all I care about what the stock chart is telling me. And the volume that is going with it.

I am sure that EBAY has more complaints than BIDZ if you use the "per capita" formula. So many fakes are sold on EBAY that if someone REALLY wanted to bring them down, they could.

BIDZ is a small fry compared to EBAY or NILE. And the only reason I found the company is that it's "shopping for Christmas time", and stuff like OSTK, AMZN, NILE are known names. BIDZ, on the other hand is a new one. And based on the support of the analysts, the fact that BIDZ are beating revenues and eps and guding higher, I have to like what I am seeing.

Also, I love the fact that the CEO has a regular "selling shares" plan, and he sells shares without any relationship to the stock price. He sold quite a few in the $8 range himself and probably regrets doing that right now.

------------------------
Bidz.com, Inc. CEO Adopts 10b5-1 Stock Plan and Reduces Salary to $1 Per Year
CULVER CITY, Calif., Aug 16, 2007 (BUSINESS WIRE) --

Bidz.com, Inc. (NASDAQ:BIDZ), a leading online auctioneer of jewelry, today announced that its Chairman and Chief Executive Officer, David Zinberg, adopted an individual pre-arranged stock trading plan in accordance with Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended. Additionally, Mr. Zinberg's annual salary is voluntarily being reduced to $1 per year and he is not expected to receive any bonus or stock option grants.
Sales under the plan are subject to certain prearranged minimum sale prices. Mr. Zinberg's plan provides for sales of up to 30,000 shares each month commencing August 15, 2007 (360,000 shares in the aggregate during the plan term). The plan terminates on July, 31, 2008 and shares not sold in a particular month may be carried over and sold in successive months during the term.

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So even if he sells the maximum 360,000 shares, thats like what, less than 2% of the entire float?

[mrmarket]

I think as Ebay gets to big and unwieldy, and people begin to trust the internet more, the specific auction sites like BIDZ might actually retain some value as a business model.

[mystiky]

I think as Ebay gets to big and unwieldy, and people begin to trust the internet more, the specific auction sites like BIDZ might actually retain some value as a business model.

Good point BIG GUY.

Some may want to start comparing BIDZ to OSTK, but BIDZ is delivering, cash-flow positive, the cost per customer is falling, CHARGES for shipping and has ZERO debt.

Time will tell... but as we all know, we are all short-term traders. BIDZ could very easily be at $35 this time next year or $10.

[IIC]

Here is something that Detective Doug has turned up...There are quite a few Ebel watches on BIDZ.com...I went to Ebel's site and they have a big thing on there that you should not buy Ebel watches on the net...blah blah blah...So I sent this email to Ebel:

You mention on your site that people should not buy Ebel watches on the internet because they are either counterfeit or of "dubious" origin...However, your watches are all over the place at a major company... Bidz.com

Are you saying that Bidz.com offerings fall into this catagory???...Sounds like a very large legal battle will ensue if true. I would like to know as I am a customer of Bidz.com and if they are selling fake or stolen merchandise I want to know...thx...Doug