Bid.com International (BIDS) Message Board

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

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To: GoNorth who wrote (6938)	1/21/1999 7:37:00 PM
From: F. Evans	Read Replies (11) of 37507

What happened today......simple..... The Nasdaq crapped out on news that the prices of most internet stocks do not justify their levels.......is this really new?? They've been saying this and most of us have known this for a while..... what we saw was the typical Canadian Trader......a little bad sentiment and everyone runs for the exits....has to do more with the history of scams in the Canadian markets....However, if you're smart and intend on holding, you'll seize this buying opportunity..... Always evaluate your goals..If you bought for a quick flip then you should be nervous. But, if you bought expecting this stock to go to $10.00 or $15.00 or even more then why are you worried about today. Put it away and let the market do what it has to do. The Dougs and Forthright's of the world will tell you otherwise...simply Bull$hit. They've been saying this stock was a dog and would come crashing down since November....before she ran to over $9.00. You know what, I live in Toronto and maybe we'll see some snow before March. Chances are if I say that every day then the day it does snow would give a chance to tell everyone "I told you so" and I too could prance around like a smart ass. The whole market is over-valued and most know that. She's due for a correction...not just the internet sector but the whole thing. Brazil doesn't help....are you a fool for buying ScotiaBank stock because it slipped 95 cents today? Again, if you bought for higher gains then ask yourself "fundamentally...what has changed since last week?" If the answer is nothing then why are you sweating....if you have cash, buy more. However if you wanted to flip quickly well you're not really an investor and you desrve and most of you daytraders accept this kind of thing as part of the job. live and die by the sword. I personally bought for the long haul because I have expectations. I know the company is trying to forge ahead and based on recent news releases they are doing just that.....Nasdaq is a goal for this year...big board, not the OTC. I for one won't panic. Stops got hit and the nervous nellies sold out. They'll most certainly be chasing it back up when she runs again. I did buy more at $5.20 today and have bids in below $5.00. Hey if you want to give the stuff away I'll take what I can. We've all seen this stock swing by dollar amounts on any given day. THINK LIKE A PRO PEOPLE....IF THE NASDAQ OVERNIGHT SHOWED THE INTERNETS TANKING, WOULDN'T YOU PULL YOUR BIDS TOO?? That's exactly what happened. The market was set for these stocks to open sharply lower so why would anyone keep a bid at $6.10 in when they knew they could get it for $5.00 or less later in the day. Just as the sector was overbought, In my opinion it has been oversold too sharply. It'll rebound in the next few sectors or when some better than expected numbers start coming out for the quarter. The Post's article today didn't help either but one thing is for sure....the drop from $6.60 to $5.20 is easier to take than the fall of some of our competitors. Someone posted earlier (sorry if I forgot the name) about some big news in the next two weeks. I heard that too from a buddy at mine who works at a brokerage.....JUST A RUMOUR THOUGH AND I DON'T KNOW ANYTHING MORE THAN WHAT I JUST SAID. I know I've been long winded but I had to get it out. Forget what Doug and Forthright spew out of their mouths...look at your own goals and buy or sell based on them...Remember, NOTHING MATERIAL HAS CHANGED OR THEY WOULD BE OBLIGED TO RELEASE IT...so relax! The way this sector moves it will only take one positive earnings report to send the sector into a buying frenzy again....remember, e-commerce is definitely the future..no-one said it would happen tomorrow. Frank

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