Bid.com International (BIDS) Message Board

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

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To: Boolish who wrote (17529)	4/8/1999 5:21:00 AM
From: Gordon Gekko	Read Replies (3) of 37507

Does anyone know for sure that individual investors won't be able to trade their TSE shares on the NASDAQ once that listing starts? If they can't then I suspect it may work in our favor. Here is why. Is there any doubt that the Nasdaq and the U.S. investors will take the lead in the future direction of BII (good and bad)? I think it is a fairly reasonable bet that they will. If the above is correct then will it really matter what the trading pattern and volume is on the TSE? The prices on the TSE would have to be consistent with NASDAQ because of a possible arbitrage situation. If a lot of Canadians want to sell their shares how will it flow over to the NASDAQ if the shareholders can't directly trade there? The only possible problem I see with my scenario is if the market makers are the same on both exchanges. This would allow them to freely shift shares around which would effect the prices on both exchanges. Can anyone shed some further light on this? GG

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