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

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To: Obie who wrote (239)2/2/1998 6:16:00 PM
From: bruce gordon  Read Replies (1) of 37507
 
Obie"
Your right the MM's decided to stop the advance and offer stock lower to cover their shorts on the way up. We must recognize they are only in the market to make money on a trading basis and because they have the big $$ can do prety well as they please. When they see the momentum slowing they feed the buyers and await for the nervious nellys" to fill their lower bids..They know the institutional market so the retailer can be manipulated to their price targets.That's why short term investing is for the birds.
However I agree with you there was a pick up of bidding on the ILII site throught out Monday and there was an improvement in activity for the AOL #10 auction.,: Still lots of gaps.. The prices are great as on item I priced out ,it was well below what I could acquire it in local sales market.
Regards,
BAG
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