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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Crazy Canuck who wrote (10873)3/5/1999 5:16:00 PM
From: Rich Investor  Read Replies (3) of 37507
 
CC,

I am serious about what I said about BIDN. You tell me how a BB stock can achieve those kinds of valuations without institutional support. Or at least some serious investors getting on board to maintain the share price at current levels.

I am sorry, but there is more going on here than just daytrading momentum and MM manipulation. Sure there is concern about lack of financials, but if there was widespread concern that it was a scam, then BIDN would have tanked to its 52-week low a long time ago.

Why hasn't that happened? It usually does with "illegitimate" OTC's that are all style and no substance.

Time will tell, but somehow I get the impression that people on this board are kinda of jealous that a stock can achieve such valuations based only on a concept that has yet to be proven. Especially given the "effort" BII management has made to improve their business profile. Of course only time will tell where BIDN goes, but I sort of doubt that it's going to crash and burn.

As for BII's European plans. Should be interesting and I appreciate the article you wrote. Still doesn't convince me this thing is going anywhere big in the long term though. We've heard talk of European expansion for quite some time now, and with a website launch, I think it'll be a non-news event.

Sorry if I am skeptical on this stock CC, but I've played this thing since early November and any concerns I had earlier about this stock are beginning to materialize. (Although I wish they hadn't)
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