Bid.com International (BIDS) Message Board

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

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To: Margaret Mateer who wrote (13996)	3/27/1999 8:31:00 AM
From: waldo	Read Replies (3) of 37507

>>The stock was so hot on Thursday that for about 30 minutes in the afternoon there were no sellers. There was some talk that short sellers were being squeezed this week, resulting in the share price surge. << >>The rumours also have found their way back to the U.S. Business Week yesterday carried a Bloomberg story on its website about Bid.Com's stock price movement.<< Stock in Bid.Com International Inc. (BII/TSE), on Monday already worth more than 10 times the 56¢ a share it was trading at in October, climbed more than 115% in five sessions this week. It closed yesterday up $1.05, or 8.2%, at $13.90 after touching a high of $17.60. It was the most heavily traded issue on TSE. The stock was so hot on Thursday that for about 30 minutes in the afternoon there were no sellers. There was some talk that short sellers were being squeezed this week, resulting in the share price surge. As of March 15, there were 1.3 million short positions in Bid.Com, up 70,672 from two weeks earlier. Short sellers borrow stock with a hope of buying it later at a lower prices and the returning the security. nationalpost.com W

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