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Microcap & Penny Stocks : WCOLLECT (WCLT)

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To: snerd who wrote (16)2/15/1999 8:36:00 PM
From: Doc Horror  Read Replies (2) of 196
 
Actually, it looks as if only the TOP bidder is listed because if you look at some of the items, the current bid price is higher than the starting bid price. If the beatles ticket opened at $350 and only had 1 bidder, it would still be at $350, but it's not, it's at $390 ... currently higher than the open.

But what really bugs me is that these items opened today and some have some pretty big ticket prices with bids attached to them already. There's a pretty big assortment of items yet everything has at least one bid and all have beat the reserve as far as I can tell ....

Paranoia?? Maybe not ... Ya know what? The first thing that came to mind when I discovered that this company was a penny stock until just Friday was "Scam". Most penny stocks that I've watched have had plenty of action when they are emerging from a shell yet this one only does 35K in business. Stock was up 1600% on Friday and yet it attracted very little interest? Is this a scam trying to ride the incredible wave of internet stocks?? Only time will tell. I'm going to be extremely cautious on this one.
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