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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Sans Souci who wrote (16177)4/2/1999 5:44:00 PM
From: Darcy M Brockbank  Read Replies (1) of 37507
 
The TSE300 news is indeed huge. Not only does it bring credibility, but this means that index funds will have to sell their old holding (a mining company that dropped out) and buy an equivalent amount of BII stock to replace it.

So, this does two things: existing shareholders are less likely to sell because of the credibility boost and the incoming index funds, and of course, there is greater demand since the index funds have to buy.

This means less supply and more demand.

When demand outstrips supply, stocks go up. Just wait til this thing hits the NASDAQ. A whole whack of new possible buyers... BII is the only "small" stock I'm holding, I tend to have things like Newbridge, Amazon and Infoseek. The potentials here are just too huge.
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