SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Bid.com International (BIDS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ruyi who wrote (14034)3/27/1999 10:47:00 PM
From: Thomas Kirwin  Read Replies (1) of 37507
 
Yet more coverage for Bid.com in The National Post, Saturday, March 27, 1999

Excerpt:

The Internet has been a buzz word for stock issues south of the border for months but this week the craze swept through the TSE.

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.

Yesterday, CNBC reported Amazon.com Inc. was looking to move into the online auction business and that had investors saying Bid.Com could be a possible target.

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.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News