Bid.com International (BIDS) Message Board

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

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To: Denise D who wrote (21007)	4/15/1999 3:52:00 PM
From: NTT	Read Replies (1) of 37507

Denise, nice graph! My question is why you have the support at $17.60 since it was never tested very strongly there. You've posted this before too, but I don't really see enough action at this level to say that it has any strong support there -- especially given the rapid movement upwards in the past 2-3 weeks. I'm sure there are currently no bids at that level, and if it started dropping fast on a total collapse, support would come in the form of how quickly people can get in their bids and not necessarily at some predetermined level. If this level had been tested multiple times in the past, I'd be more inclined to think your assessment was accurate, but the way I see it -- there's not enough trading at that level to justify it. If anything, I would think there is strong support in the $23-24 range which has been tested several times. Please understand I'm not criticizing your judgement, but rather trying to find your reasoning behind it :) I'm always open to learning new things... Another good thing to add to this chart might be something like a 5 day EMA vs. 13 day EMA. Since the trend reversals are so short term, there's no point in looking at 13 vs 50 or anything. Keep posting them charts! :)

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