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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Steelguy who wrote (5016)1/8/1999 8:02:00 PM
From: Kevin Hamlin  Read Replies (3) of 37507
 
I would say BII is on the verge of becoming a self-fulfilling prophecy. As people see the huge volume and continued strength, they will see that Nasdaq is becoming more and more of a possibility. This will bring in more buying, which will move the price higher, which will make it even more of a possibility, which will bring in more buying...and so on and so on. I've always maintained this scenario for BII.

Now for the next stage:

People talk in terms of having to hold $7.50 for 30 days or whatever it is for Nasdaq. I still maintain that as the "Nasdaq potential" is seen to be within reach, BII will gain very sharp momentum and begin trading towards "Nasdaq style" pricing levels, nutty as they are. Why would BII hover around $7.50 or anywhere near there if everyone knows where's it's headed and the kind of valuations they play with on Nasdaq Internet stocks? My guess is that I don't think BII will stay anywhere near the $7.50 level. More and more, rightly or wrongly, it will start to behave and be priced like it's U.S. counterparts. <GGG>

My own guess is that we will start to see this "critical mass" build in BII beginning on Monday and continuing throughout the week. I think we are on the verge of it now. My guess too is that when that "critical mass" is hit, the updraft will be nothing less than staggering.

I'm looking VERY forward to the next week or two!!! :))))

Kevin
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