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

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To: zwing_88 who wrote (962)11/17/1998 5:53:00 PM
From: waldo  Read Replies (1) of 37507
 
>>Presumably, almost none of these have been sold. If another 3-5 million shares are purchased, I don't know where there is going to be any stock, at least at these prices.<<

1) There is a lot of day trading going on

2) Yorkton usually short against their warrants.

I like the orderly fashion that Yorkton has displayed. Sometimes they help to window dress when things look weak. Canaccord is in a word ...obnoxious ..LOL...I saw them hit the bid with 100,000 shares a few times. IMO it really does not matter.

Many Wall Street firms are meeting their 12 month and 24 month targets on particular internet stocks in 30 days in some cases. Think about that.

There are some very liquid players out there looking for undervalued situations, and have been successful 5 to 10 times in a row. They are starting to talk about BID.COM on many other message boards.

W
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