On-Line companies Bleeding Red Ink

[Richard_Cranium72]

Onvia.com ,, poor thing, fixing to bite the bullet.

From $78.00 to $0.93 per share,,
slipping away into the darkness..

Per share losses last year -$4.88

Net loss applicable to Common totaled $91.1 million, up from $16.2 million.

86 Million shares of stock are still outstanding.

This goes on with my line that 67% of on-line businesses CANNOT contiune to lose money.

The End will come sooner or later.

When it hits, look for hardware prices to skyrocket. http://sysopt.earthweb.com/forum/frown.gif

http://biz.yahoo.com/p/o/onvi.html

DrVette

[Biff]

The dot com bubble is bursting. When the market price rises soley on demand and not price per earnings, your investing is in trouble. Most dot coms were doubling, tripling in price on a weekly/monthly bassis only due to hype & volumes of stock sold. Very little concideration for "hey this company is losing money like crazy".
I would say 80~85% of dot coms will crumble leaving some pretty juicey pickings for the giants.
Supply = demand and so the less product there is, the more money is chasing it and so higher prices.