Bid.com International (BIDS) Message Board

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

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To: Spark who wrote (11664)	3/16/1999 7:17:00 AM
From: CBurnett	Read Replies (2) of 37507

Only a fool would attemp to short Bid.com at this period. As a technical trader this chart is not a "sell" chart. This consolidation is strong and controlled,also it has formed a textbook pennant formation. A break under 6.00 to 5.85 is a trap to feed the longs. I know several top traders who have been buying this stock just on the chart indications alone.They have no idea of the fundamentals or business plans of Bid.Com. Just for fun,measure the lenghth of the channel on a daily bar chart.Now take that distance and turn it up from a support line at 6.00.This is where Bid.com may go. Thats it for me today.....shorters should really be on another stock today...I know several Chinese internet stocks that are tanking as I speak. Regards

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