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

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To: F. Evans who wrote (20563)4/14/1999 10:44:00 PM
From: Stallion  Read Replies (2) of 37507
 
NASDAQ LISTING NOT FULLY DISCOUNTED IN STOCK PRICE!

Thanks for the research. From what I understood, the article said the stock was worth looking at, especially is gaining a NASDAQ listing.

I have heard that BII must announce NASDAQ approval within 24-48 upon receipt. NASDAQ has changed the symbol's ownership which shall be effective tomorrow - This is a fact as I already called NASDAQ personally. The lady did not reveal when or if Bid.Com will be trading but she did tell me that effective tomorrow, it will own the symbol BIDS. Theoretically, trading could begin tomorrow.

Realistically, as BII will be added to the TSE 300 effective Friday morning, the company will likely wait until tomorrow's close until making a press release. Perhaps a courtesy to boost Canada's index's and augment our markets.

Opening Price. Well, the Smartmoney article seemed bullish and hinted that people have not already fully discounted the NASDAQ listing in the current price. Today's stable prices in light of the 3% NASDAQ drop also substantiates this point.

Any Comments would be appreciated.

Regards

Stallion
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