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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Ruyi who wrote (18639)4/10/1999 12:45:00 AM
From: F. Evans  Read Replies (1) of 37507
 
Dougie actually made a valid point.............

Now don't everyone slap me upside the head for saying this...but Index Funds WERE buying the stock earlier this week. They have to own the stock in their funds. However, with the stock not joining the index until next week what was the rush?? Perhaps the knowledge that if they didn't scoop it up quickly they would be paying a lot more than $20-$25 for it! So yes, the rapid upward motion this week was somewhat a result of the fund buying but believe me...they know that a Nasdaq listing will let this thing really fly. We didn't see nearly the buying spree when funds bough Celestica a couple weeks back when it was added to the TSE 300 index. If BII's price was not set to take off, then in my opinion there would have been no rush on the funds part to buy so quickly and violently.

I mentioned this Tuesday or Wed...I can't remember. I posted that it looked like the fund buying stopped around 3:30 when the price started to correct a bit.

Also, Please guys and gals....take a step back and look at this thread from afar...it is really starting to look like it's being participated in by a bunch of children. Let's start posting some useful information. I've been guilty of it too but let's stick to news and speculation about the stock. Save the name calling for private messages and e-mails please. Forget what Doug or Dagan (Whatever he chooses to call himself) says. He's been calling for a crash of this stock since it was $3.00!! Shows you what he knows right?

Later,
Frank
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