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

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To: ando who wrote (9265)2/9/1999 1:59:00 PM
From: NTT  Read Replies (2) of 37507
 
Huge amount of dumping by Dominick (417k) causing the drop in price over the last little while. Other than them, Commission Direct dumped a block this morning, but that's about it. Everyone else is buying at these levels.

Dominick did a 73k cross at $6.15, which was their motivation for dumping. It sucks because peoples stops get hit when a brokerage house does this causing it to plummet fast and then recover quickly. Price should rebound back to original levels consistent with todays negative market activity. ($6.40-$6.50 ?)

*EDIT* Yeah I think Dominick is done with their dumping. They did their dumping from 1:32-1:49 and haven't made any trades since their large cross. Should come back up once people recover from the shock ;-)
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