Bid.com International (BIDS) Message Board

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

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To: Denise D who wrote (8891)	2/5/1999 6:55:00 PM
From: Ruyi	Read Replies (4) of 37507

"have you considered that it might be a strategy to increase volumes thereby increasing interest? " Good point, but I would have thought with the big volumes as of late and the Toronto show they would have been a little less active on the sell side. If for instance they thought prices were moving up in near future what a great market opportunity to accumulate. On the other hand short selling can only happen on the up tick .I noticed lots of 10c spreads again today, small hit to the bid then upping the bid trying to create an up tick. This tactic usually has three effects, one having the offer taken out ,two slowing competing offers coming in ,three slowing the bids being hit. This reverse psych. really works best on a bad market day, the old somebody is really anxious to bid, must know something we don't know routine. It worked like a charm last two days. Really who knows for sure ?? Short selling or controlled sell off,something of the like IMO!! Maybe they were the buyers at CT keeping prices stable while they net sold through VSE houses?? They know all the tricks and have the inside track.

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