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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: the Chief who wrote (14177)3/28/1999 10:25:00 PM
From: F. Evans  Read Replies (1) of 37507
 
Chief.......

I've been involved in other plays where the "shakeout" was performed with cutting conviction....almost mercifully, fortunes were made and lost in minutes and hours of trading......

To all:

I agree that the shakeout can be violent and only those with lead stomachs will survive!! That's why it is important to review your reasons for buying this stock...if you are long, hold on and don't get tempted by the violent swings. You must still use your best judgement though and continue to analyize what you see, however, if you loved this stock last week and still love it this week then hold on for the ride....shorts will get squeezed and longs will get baited into selling.

We saw a little bit of it this week...just when everything smelt like roses we saw selling hit, methodically hitting all the stops along the way, only to see the stock rebound in an instant. Most of the time a lot of the buyers are the same people whose stops were hit.
Why? Who thinks that a stop will truly be hit at $14.00 when an hour ago the stock was trading as high as $17.40? Well, it happened Friday. When you realize you were hit, you quickly buy back because you still really wanted to own the stock. It happened to me the weekend of the Brazil crisis when BII tanked first thing in the morning.

As the Chief stated.....we will feel like we are on the end of a yo yo.
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