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

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To: randy kay who wrote (17694)4/8/1999 12:42:00 PM
From: Cameron  Read Replies (1) of 37507
 
Yeah.. and then there's Air Canada. Traded at $13-$15 the first half of last year. Had a pilot strike which drove their eps down for the last quarter and now the share price is $6.60 and hovering. 1 bad quarter just took all the wind out of their sails - so to speak. Just lost all their momentum!! Rumour has it that their Q1/99 results will be very strong though - which seems logical.

Momentum is a crazy thing - almost makes fundamentals irrelevant!! I keep waiting to hear that BII is selling tulip bulbs with their Dutch auction system!! <yuk><yuk> - although I have been in and out of it several times myself in the past month (don't want to sound TOO hypocritical.
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