Bid.com International (BIDS) Message Board

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

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To: Fass99 who wrote (2146)	11/28/1998 4:34:00 PM
From: the Chief	Read Replies (1) of 37507

(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. I would agree with the general statement " negative attitude on smaller caps" however it does not extend to Internet stocks...least not yet...in fact it is positive. (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. Every once in awhile even a crap brokerage like Yorkie can get lucky...it could have been far worse....cannacrap! (3) Moving to NASDAQ is not as big as you might think. UBID.com will beginlisting 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. Invalid comparator. ATI was widely held both in Canada and the US even before the NASDAQ listing which Bid.com is not. Secondly like "normal" we "canucks" ran it up in price before it started to trade in the US. 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. Depends on the momentum! If internets become the "stock of choice" then people will look for bargains. Based on projected earnings and possibility of profitability in mid-99, I think this stock will do very well. the Chief

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