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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: ztect who wrote (2713)12/3/1998 2:45:00 AM
From: Goldbug Guru  Read Replies (2) of 37507
 
Bid.com held its ground pretty well on Wednesday.

Dow Jones & Nasdaq plummeted in the morning and BII wouldn't budge any lower then 3.85

Bid.com(BII) trading range on Wednesday (3.90-4.05)
...................................................................
Bid.com tested the 4.00 level at least 40 times +
BII tested the 3.95 level about 30 times +
BII tested the 3.90 level only 20 times +
Bid's price started to climb again when the dow cut its losses from
-120 to -50. Nasdaq was up 5 points and then went negative again.

Bid.com(BII)
Nov 18. closed at $2.88
Nov 19.(HI 3.50) LOW 2.37 CL$2.38
Nov 20. .......... LOW}2.21 CL$2.31
Nov 23. .......... LOW 2.45 CL$2.69
Nov 24. .......... LOW 2.50 CL$2.88
Nov 25. .......... LOW 2.75 CL$2.81
Nov 26. .......... LOW 2.81 CL($3.56)
It took five days to test its HI 3.50 again.
BII never went under }2.21

Nov 27. closed at $4.56
Nov 30.(HI 6.00) LOW 3.86 CL$4.47
Dec 01. .......... LOW}3.60 CL$4.23
Dec 02. .......... LOW 3.85 CL$3.91
I see we should get a good support around 3.85, assuming the Dow & the Nasdaq is in good health. $3.60 is going to be our "ANCHOR".
....................................................................

Ebay trading range (195-210) GOOD SUPPORT AT 200 ANCHOR 180.00
Onsale trading range (50-60) GOOD SUPPORT AT 50 ANCHOR 45.00
Egghead trading range (21-25) GOOD SUPPORT AT 20 ANCHOR 17.00

All these stocks can test its all time high again. The lower they go, the higher the chance of a short squeeze.
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