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

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To: the Chief who wrote (5059)1/9/1999 4:22:00 PM
From: Kevin Hamlin  Read Replies (2) of 37507
 
Well Chief, I'll pick up on a couple of your comments and respond. Not often I take an alternate view than you, but here it is!

<<<It likely won't (qualify for Nasdaq) until Q2 99 assuming a good Quarterly XMAS report!>>>

Outside of the 30 day waiting period, I think we'll be up in the listing price range either this week or the next at the latest, and then yes, the 30 period. That would put my prediction of Nasdaq quite a bit earlier than yours. We'll see!

<<<Thats what I like about the markets, I can do either, I will begin to short this stock at $9.00+ Canuck, if a NASDAQ listing isn't in the offing!>>>

Well if it's a $9.00 stock, then a Nasdaq listing IS in the offing!! And at that point I would be scared to death to short it! You only have to look south of the boarder to see the short slaughter that has happened on a regular basis. The way internet stocks trade there, it gives the term "gapping" a whole new meaning!! If BII gets to $9.00, then I think it will go much higher, not lower. $9.00 to me suggests that at that point BII is not some little localized Canuk stock play. $9.00 means BII is being played strongly on both sides of the border, whether it is actually listed on Nasdaq yet or not.

As I said in an earlier post, I personally think that once it is seen that BII can in fact reach Nasdaq listing levels, the pricing will go into an updraft quite quickly and start reflecting Nasdaq valuations for these Internet companies. In that light, the share price for BII between "Nasdaq-doable" ($6.00 range as the threshold?) and the price BII would be if it were listed on Nasdaq today (put in your own value here), will be VERY short lived.

So we'll see Chief. Either way, it's going to be interesting!

Regards,

Kevin

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