foolishboy

Bidz.com: Diamond in the Rough?

I initially began the purchase of Bidz before it spiked around 22 per share. With the Citron report, I rode the stock down to when that idiot "Crazy Eddie" had to involve himself, after I rode the stock to the present price. I read all the blogs I have been exposed to. I think it is criminal what the shorts have done to this stock, as well as Citron and Crazy Eddie. No matter what I am told, I will never believe there is not some sort of serious nexus between the persons who have beat up on this stock and the shorts that are trying to kill the company. There is something about a felon convicted of crimin falsi charges being held out as a moral compass for all others to follow, although, Crazy Eddie appears to advance the notion that he is more in the know because it takes a thief to catch a thief. I dispute that notion, and I am not to thrilled with the thousands of dollars on paper that I will have lost upon selling this stock. I attribute all of these tentative losses to the innuendo, conjecture and suggestions which have recklessly bee advanced against this stock. In answer to your initial question. I have done my due diligence for this stock. I even opened an account with Bidz, and have been buying jewelry as well as fine art over the last seven or eight months. I have never had a problem with the value of what I have purchased, not the delivery or return policy. A further benefit is the amount I save when comparing my purchase with a jewelry store. It's simply incredible. It has taken a rather long time to get to this point in my reply, and I apologize. When I begin thinking of all of the negative actions against this company, I get a bit carried away. Now, about this article by John Larauche. This is about the best and fairest article I have yet to read. Obviously, Mr. Larauche does not have an agenda. Mr. Larauche provided an honest history of the company events as taken place over the last year. Thank you Mr. Larouche, for your professionalism and objectivity.

More Questions on BIDZ.com's Inventory Disclosures

We, the stockholders of BIDZ, have been through all of these assault by innuendo blogs. After a "well intentioned" article appears, such as this one written by Sam Amar, the only affect is to drive the stock down. Because of the sensational earnings and the way this company is run, the stock has always corrected itself and tried to head higher in value. This is inspite of the fact that up until mid-March, there were 4,300,000 shorts, either real or naked, which were a driving force in trying to stop and reverse any upward movement the stock was trying to take. Within the last week and a half, the storts, either naked or real, have decreased to around 3,200,000. Within the last week, you can see the begining of a possible short squeeze, and the stock, on a low volume has bee bouncing off of $9.00 a share. In spite of Sam Amar's recent article. Instead of coming to the table and stating a fact, that such and such is wrong and here is why it is wrong, Mr. Amar attackes by innuendo, hint or suggestion, he attempts to make a case against BIDZ. In his opening remarks, he states that IT SEEMS, while BIDZ wa piling on inventory, and then he suggests that the methods used by BIDZ to value inventory, MAY VIOLATE........ and the he states IT DOES NOT APPEAR, that in 2005 BIDZ used any allowable means under GAAP to value its inventory. My question about all of this is to question the motiviation of Mr. Amar to submit such a POS for publication in financial circles. There is not one shred of solid evidence to show any improper conduct on the part of BIDZ. Through these repeat type of aricles subitted by Mr. Amar, he is developing a history of malice against this company. My question goes to Mr. Amar. Why are you so inclined to drive this company into oblivion? Is Mr. Amar a shill for certain hedge funds or investment groups, or firms that hold a portion of the 3,000,000 shorts that are just waiting for this stock to plummet? What are you getting for this hatchet job Mr. Amar???????????