NOW IS THE TIME TO BUY NOT SELL

Before any new/novice invesers buy please read the following words publisshed on behalf of QXL:-

"The Company's business is
subject to numerous risks and uncertainties, including risks associated with:
only having a limited operating history; regulation of auctions and the
Internet; probable variability in the Company's quarterly operating results;
the Company's results of operations not being indicative of future
performance; significant losses being incurred as a result of expansion of the
Company's business; having a new and unproven business model; dependence on
growth of online consumer-to-consumer commerce market; difficulty of selling
merchandise purchased for auction at a profit; inability to forecast or
respond to consumer demand; risks associated with development and growth of
the Company's foreign language web sites; intense competition; systems and
communications failures; failure to develop the Company's brand; failure to
expand the Company's systems; failure to improve the Company's computer
systems; risks associated with managing internal growth and retaining and
recruiting personnel; risks associated with maintaining and managing
relationships with our suppliers and service providers; international
expansion; online commerce security; risks associated with not developing new
services, features and functions; risks associated with intellectual property
rights; Year 2000 compliance issues; fraudulent activity of our members and
suppliers; seasonality; and risks associated with acquisitions. These and
other risks and uncertainties, which are described in more detail in the
Company's Registration Statement on Form F-1 filed with the Securities and
Exchange Commission, could cause the Company's actual results and developments
to be materially different from those expressed or implied by any of these
forward-looking statements"

I say avoid!!!!