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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Jerry B. who wrote (8053)1/30/1999 10:30:00 PM
From: Steelguy  Read Replies (2) of 37507
 
>>>From what i can figure, the jumps in the morning are due to what BII did on the German market 8 hours before<<<

Jerry, I have to disagree on this idea although if you could show it too me I would be intrigued. I was only recently aware that BII traded on a German exchange however, I am not sure as to the market that is made on it. If anyone is please educate me. However, For the most part, the major exchange ( tse in this case ) where most shares trade is usually the leader in these cases where a stock trades on multiple exchanges. BII/tse gapping up in the morning based on GErman trading would be the tail wagging the dog in my opinion.....it would be the other way around. However, it will not be a problem however the Nasdaq listing is done with respect to IPO or new listing as the Canadian stock will appreciate to equal WITH exchange the US counterpart. We only need to look at the many examples of Canadian stocks that we can also find on Nasdaq to see that once you factor in exchange, the stocks are trading at comparible numbers. The key is....which market follows which market? I can assure you that the trading on Greenstone Resources GRE/tse and GRERF/nasdaq is always dictated by the action in Toronto. So who will rule BII's action? Our hope would be the US online retail daytraders who are the ones responsible for the most part for the goofy action on the intenet stocks this year. I am not sure if this will happen for us.....but if it does..........oh my.

sg
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