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

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To: Ruyi who wrote (20786)4/15/1999 11:53:00 AM
From: Denise D  Read Replies (2) of 37507
 
Doug,

The support level that I can see is $23, not $24. After that, the past resistance / new support is $17.60.

There has, however, been significant buying at $27, $28, and $29 in the last few days. But you are right that not much stock has traded between these levels – there is the large gap of $20 - $22.

There are likely lesser supports in between, but $17.60 is the most important – if it breaks that it might be a signal of a trend reversal. IMO, the chances of this stock hitting $17.60 in this retracement is slim.

Denise.
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