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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Denise D who wrote (17101)4/7/1999 1:45:00 PM
From: NTT  Read Replies (1) of 37507
 
Yes, more volume means stronger support, but you also have to consider that the share price has appreciated dramatically over the past couple of weeks. 10M shares at $6 is only 60 million. 5M shares at $23 is 115 million dollars. So in fact, it's much stronger buying given its higher price even though the overall volume may appear to be lower.

I don't think we have any real strong supports simply because they haven't been adequately tested. Hard to test support when the thing moves up this fast ;-)

I do like the level of consolidation happening at these prices. It means that it's still strong and wasn't just one of those early morning market order artificial price boosts ;)

I don't think it's unreasonable for us to hit close to $25 today. When are the YHOO results coming today anyhow, or did they already come out? That will probably have some impact on share price as well...
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