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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: GoNorth who wrote (34121)7/22/1999 1:04:00 PM
From: Grant MacMillan  Read Replies (2) of 37507
 
I would say that the panic selling this morning was a result of stop loss orders set if the stock traded below $10, so truly the $10 mark was seen as a significant floor for Bids. Now that it has fallen below that mark, it will be interesting to see if $10 will represent a new ceiling.

GM

PS Sorry longs but, despite what everyone's been looking at the last few months, I still don't think we've seen the "bottom" for this one.
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