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

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To: Sili Investor who wrote (8877)2/5/1999 5:19:00 PM
From: NTT  Read Replies (1) of 37507
 
There's been a lot of buying interest keeping this one from being flushed down the toilet along with the rest of the tech stocks on Nasdaq. Today there was heavy buying from CT securities. Let's hope these buyers are around on the days when the markets get bloodied like they have been the past couple of days, otherwise BII would be in big trouble. I think a lot of people, including some funds are loading up on this one in anticipation of a nasdaq IPO in the very near future. It's definitely not fundamentals as someone else mentioned. There are none. Let's recognize this one for what it is -- a pure speculative momentum play. Nothing more, nothing less. The company has some merit, but not enough to deserve its current valuation. After having said that, I'll admit that I bought a ton more today at $6.60 ;-)
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