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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: GoNorth who wrote (20922)4/15/1999 2:31:00 PM
From: Cameron  Read Replies (1) of 37507
 
There is nothing wrong with being an active trader in most circumstances... but... I think this situation is a bit different.

1) NASDAQ is going to happen some time soon - whether it is today or next week doesn't really matter. (Note that changing the BIDS symbol sends a definite message to the market - which NASDAQ isn't going to do in a spurious fashion. Given that, I personally think this is one of the final signs prior to listing.)
2) The downside risk here is minimal unless the listing doesn't happen. If there was still a risk of this I don't believe they would have gone ahead and changed the symbol.
3) There is potential for an upside return... I won't even speculate on what it might or might not be... but I believe it is positive and potentially sizable.

Given the above, there are 2 potential strategies
1) Hold
2) Sell with the option to buy back later at a lower price

If you buy into the above assumptions, then by holding you stand the chance to make some upside profit although it may not be maximized. If you sell with the intention of buying back on a swing to maximize your return over time (which I have done lots of with BII in the past several weeks) you are open to the risk of being caught with cash when the listing occurs. Assuming this happens outside trading hours there is the potential for a significant opportunity loss associated with the overnight gap which may occur.

Each of us has to weigh the risks and rewards and decide on our own course of action... and respect each others decisions. Having said that... let's all stop the name calling and bantering... it is getting tedious.
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