Bid.com International (BIDS) Message Board

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

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To: Steelguy who wrote (10893)	3/5/1999 11:29:00 PM
From: Ruyi	Read Replies (3) of 37507

The trading is an accumulation by several houses IMO. The price range is very tight for two reasons ,one to get Nasdaq listing approvals (stability) and secondly drive out day traders, so as to avoid volatility and any drops below the $6.00 range . I have seen this many times with small TSE or VSE style stocks. Most of the heavy volumes in Dec, thru Feb were due to the the placing of the warrants as they were exercised .I guess you could call recent trading a long squeeze of sorts. Remember it is not in the best interests of the longs to squeeze the shorts at this time . If shorts saw any volatility to the upside, bang they cover . Shorts are what will ignite this stock at the right time.I don't know but I would suspect the average short price is in this price range or slightly higher.

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