Bid.com International (BIDS) Message Board

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

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To: Goldbug Guru who wrote (3086)	12/6/1998 8:16:00 AM
From: Kevin Hamlin	Read Replies (1) of 37507

TRADING PATTERNS: PART 2 Did BII get a little ahead of itself during the past week? This is actually a hard question to answer, especially given some of the games going on. $6.00 on the Monday opening did seem frothy, but the $3.00 range we are in now I think is equally over-reactive. One of the things I really like is the testing and strong resistance that has happened in the $3.00 range. At BII's "darkest hour" this week, the $3.00 range held very well. It dipped below a few times, but then always came back strongly. On Thursday and Friday, these levels have been tested and retested and have held very well, confirming the bottom end of the range. The stock will again consolodate here (as it has on Thursday and Friday) and then will move up again as the loose shares are absorbed. IMHO though, the low has been confirmed, hence my willingness to buy Friday and buy more tomorrow. The move up should happen again, and if my timing is right, it will be much sooner rather than later. Regards, Kevin

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