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

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To: MIghty KC who wrote (17403)4/7/1999 9:33:00 PM
From: Sili Investor  Read Replies (1) of 37507
 
MIghty KC:

There is no way that this stock can now be dragged below $20. It's just impossible. There would be too many buying in the lower $20s to make that a reality.

It actually may explain late days trading. A large runup like that, followed by a severe sell-off may have been an attempt to take this stock into the low $20s or even lower. Maybe they were hoping to get a "panic" going and see massive selloff. Then the "euphoria" would have been over for a while and maybe, jsut maybe, they could hold it down for a week.

BUT

It didn't happen. Won't happen. Can't happen.
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