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

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To: Ruyi who wrote (23222)4/20/1999 6:46:00 PM
From: SwampDogg  Read Replies (1) of 37507
 
Today's trading and the after-chatter is exactly like a few weeks ago when BII fell from $16 back to $12. Some of the same people that are saying "I told you so" etc. were calling for the stock to go back to $6 but it went to $32 instead. My reply at that time was that I felt that it was not in the daytrader's or MM's interest to break the stock and we would see much higher prices. BIDS will probably test today's lows tomorrow morning but it will then probably rally because it is in most people's best interest. As I said earlier...daytraders like a large field to play in and this game is just getting started. As long as the market holds together...I predict we will see $30+ US by May 7th.
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