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

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To: F. Evans who wrote (2767)	12/2/1998 11:11:00 PM
From: Steelguy	Read Replies (1) of 37507

FE.....yes I am still in on the long term shares put away but did not buy today at all.....sold yesterday in the afternoon as I had posted last night and during the day on the daytrading thread. I am not feeling great about the behavior of the stock right now to go long again for a trade at $4.00. The stock has lost steam...that is not to say that it is dead...by no means is it ...however..it needs some news to perk it up.. Were the financials Waldo posted new today???? If they are...it will be interesting to see how the market reacts. The market should care about 6 months ahead not what has happened so hopefully the market will like the increase in sales...we'll see. I am not sure about this cable deal we have all been waiting for. Two weeks ago on National television, Paul Godin , I watched him with my own eyes, announced that he was in New York " closing " ( his word used) a deal with a major cable company. I must say that I was a little shocked when he said they were closing a deal because to me that seemed material and he would not be able to mention something like that before the news was out. I thought this and then figured that I must be missing something or was unaware of what the real rules are regarding this type of agreement. Well....who knows what is going on but one would think that 1.5 weeks after telling everyone that you are closing a deal with a cable company..you would announce that you have done just that. Was this the announcement we saw at the close on Monday????? I must be really stupid but I am still confused by how that whole thing went down. I am still bullish on the stock for the long term and have no desire to sell my long term shares......short term prospects I think are up in the air.....if this thing drops close to $3.00 I think you will see a very quick rise up to $3.90 with short covering as there must be a new huge short position since the goofy runup on Monday. I will be buying for trading again if I see a good weakness drop. sg

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