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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: hsg who wrote (34370)7/28/1999 1:43:00 PM
From: GoNorth  Read Replies (1) of 37507
 
hsg, looks like the RB longs are packing it in and moving to greener pastures. Check out this post I picked up over at RB.

>>By: aztec_investor
Reply To: None Wednesday, 28 Jul 1999 at 1:01 PM EDT
Post # of 38861


I have put in a sell order for the rest of my holdings at $5.50. Lessons to be learned from this pathetic trade:
1. What I had originally intended to be a short term speculative trade became a medium term holding. Main reason: greed!!; should have sold at $20.
2. Once I was stuck with the stock, I tried to further understand Bids management style or philosophy. Some people on this board believe that the company has a style that "goes against the grain". Well, the results are startingly clear!! 5% daily drops!!. If they want to play with their big cousins in the US they better play by their rules
3. No instutional support and no research = dead stock.

Fortunately i ended making a little profit. Good luck to all longs, because the shorts are the ones who ended up making the big bucks on this one.


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