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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Joe See who wrote (5679)1/12/1999 8:43:00 PM
From: dave brown  Read Replies (2) of 37507
 
Over 57 million shares traded since Jan 4/99. Thats almost twice the number of outstanding shares and perhaps 4 or 5 times float unless management has sold. This kind of turnover is retail/daytrading not institutional. Evaluations on internet stocks are quoted as being overvalued, so I doubt very much institutions are going to enter third /four tier players at this stage of the game unless they are trading also. Pull back is likely, then perhaps some institutional involvement. Just my thoughts, but what do I know?
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