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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: the Chief who wrote (2224)11/29/1998 4:45:00 PM
From: Ruyi  Read Replies (1) of 37507
 
Know anything about Hotline, being talked about as real threat to the internet,how would it effect if at all companies such as BII? You keep referring to Amazon, my understanding is it has a very low public float and has something called a restricted short sale attachment.BII has a large float and no such restriction.Amazon also sells tangible goods and as such creates a high cost barrier to entry for potential competitors.My concern with any brokerage company having 8 mill.plus shares is that they could pump this thing sell short all the way up hit their level then start a "bear hug" by offering below previous trades creating an erosion of confidence, then watch the bids disappear.This seemed to happen when this thing hit $3.50 range then lost 33% to close at $2.30 range.It also seemed to happen in the $5.00 range to a lesser extent.It was also interesting that there was a very large bid at $4.42 that never moved up even when the offer hit $4.44 several times Friday another 10% plus box.There are all kinds of pump and dumps, with internet stocks being hot any one doing this will be very careful not to kill the cash cow , but will rather treat it like a big fish let it run, pull it back, let it run, pull it back, till they wear it down.Yorkton appears to control 33% of the public float.I haven't missed any boat, if as you seem to believe this thing has no where to go but up.I am curious are you an investor or a trader in this stock.
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