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

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To: mccowaner who wrote (11240)3/10/1999 1:30:00 PM
From: Rich Investor  Read Replies (1) of 37507
 
mccowaner,

I can't answer that question by giving you names and percentages. That information is NOT available for most OTCBB's (although I wish it was)

Listen, you can grill me all you want, but the simple fact is that one of the most distinguishing features of threads on BB "pump" stocks is lots and lots of posts. Courtesy of the daytraders and momo players. The BIDN thread on SI has only 67 postings so far and the RB boards have just under 300. There is no organized "PUMP" going on here that can be attributed all to daytraders. That's just my opinion, based on past experiences, FWIW. You don't have to believe me and I suspect you don't already, but in the P&D game, BIDN should have already tanked below $10 by now if it was truly a pump play. That hasn't happened, and I suspect the reason is because you have several major brokerages quietly taking a position in this stock without making too much noise. It certainly qualifies being over $5/share for institutional buying.

Do your own thinking mccowaner, but if you've ever played the poker game over at the OTC extensively, you'd realize something more is going on here than what meets the eye. Time will tell as is always the case in these situations.
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