Bid.com International (BIDS) Message Board

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

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To: F. Evans who wrote (19954)	4/13/1999 11:00:00 PM
From: Steelguy	Read Replies (1) of 37507

Frank, I agree on the positive " look " for our stock here today......I have to say that in my stupid,sellsteelforaliving opinion, the selling we saw last week and this week was EXTREMELY healthy for the stock. You hear people say this all the time about the " market " in general and it gets a little monotonous to hear it but it really is true. You MUST have a stock go through a nice bout of profit-taking ( and that is no doubt what it was......I know this because I took some LOL)....but the test is after this profit-taking over...how does the stock perform???? Well, BII has performed wonderfully to say the least and I would challenge anyone to argue against this. Why has it performed well?? Because we forget so quickly that three weeks ago...this stock was at $6.40.....yes....$6.40.....now we are hovering between $23 and $28.00.......this in itself is just stunning. Even more stunning however is the fact that with such a quick rise on such huge volume.....we had MANY,MANY, MANY people in this stock in the past two weeks that most definitely have paper profit as we speak.....a nice paper profit most likely. NOw....when you get some selling like last week....many people dump off their shares out of fear of missing a nice profit. Who can blame them? But the test for a stock's " staying " power or the strength of their story is found in the sessions after this profit-taking where you see if people clammer back to scoop up this issue that is " on sale " . If the stock has staying power and the story is still in tact...the stock will rise again....usually slower than the original rise....but will rise. When you see the stock rise like today against the tide of the greater markets of which it mirrors to a degree...you KNOW that stronger hands are moving into the stock again and many,many people are not moving stock to the sell side.....they are waiting. We were told that the addition of BII to the TSE 300 would possibly reduce the share supply to the market....I think this has happened.....we now are missing only one piece of the puzzle..our day in " the show ".....and the show will happen I believe...and I look forward to it. sg

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