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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Rich Investor who wrote (3914)12/28/1998 12:09:00 PM
From: Ruyi  Read Replies (1) of 37507
 
"I have a BComm from the University of Toronto and a LL.B from UBC "

My point exactly an academic. Your post # 3906 clearly illustrates my observation. You apparently fail to see how a smaller # of shares in the float could be positive. Your focus is on the # of shares held by an investor, instead it should be the % of ownership in the company those shares represent. The principal of a small float in growth industries is simple. US internet E plays have very small floats , sometimes trading 3X their floats daily. Small floats = short squeezes = higher prices = volatility to the up side or down side. Many of the internet plays are behaving more like the old fashion chain letter than securities for that very reason. When prices get too high and the steam starts running out then a split takes place and the cycle continues for growth stocks. I find it curious that many like yourself on this thread continually point to the US auction houses when talking BII stock price / prospects up. These same people you included however refuse to think those relative values /business models to BII are in any way relevant when the math presented conflicts with your opinion. Just an observation. Contrary to your statement I take no offence, I was making reference to the content or lack of in your posts SUNDAY .
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