Bid.com International (BIDS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: the Chief who wrote (2120)	11/28/1998 3:54:00 PM
From: Fass99	Read Replies (5) of 37507

Not to dampen the enthusiasm around here, but remember a couple of things: (1) To get the NASDAQ listing, the stock will have to break the $6.25 mark on Toronto. Given that there is still a general negative attitude on smaller caps, expect extreme short-selling pressure. Actually, you witnessed some of it Friday once the stock touched the $5 mark. (2) Like many previous disasters before it (Lion's Gate, Rainmaker, etc.), Bid.com has the big "Yorkton Securities" stamp all over it. To make it worse, Yorkton's VP of Corporate Finance sits on the Bid.com board. If that isn't a 2 storey-by-2 storey red flag, I don't know what is. (3) Moving to NASDAQ is not as big as you might think. UBID.com will begin listing there in the next 7-10 days and that is also a much bigger on-line auction house than bid.com. The move doesn't mean automatic success. Just ask the droves of ATI shareholders after that stock commenced trading on Tuesday. And there you have a good tech company with $750 million (CDN) in sales. That isn't to say that quick money can't be had (and it certainly was this week). But I'd be very skittish about getting in at the $5 point.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next