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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: mike machi who wrote (6226)1/15/1999 8:01:00 AM
From: dave brown  Read Replies (1) of 37507
 
It's what happens next week that worries me. Dow could fall on Tuesday on reaction to Brazil if they devalue further. As you may or not be aware, Brazil is evaluation and reacting every third day. Monday being the next day to act. Dow now sitting 200 some odd points 8900 a major resistance level. If this is breached no stock will go unscathed, BII included. Given the recent run-up on BII, I think there is more risk owning it right now. A lot of people are playing for a quick buck, just beware of the consequences because this could easily drop to 3.50-4.00 as quick as it could bounce back up to 7.50-8. If your on margin, wow don't even want to think about it.

Good luck.
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