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

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To: Brian L who wrote (23437)4/21/1999 10:24:00 AM
From: NTT  Read Replies (1) of 37507
 
>>>What's happening? How's the depth? <<<

I think I'm going to refrain from posting comments about depth. It changes too fast, especially on Nasdaq and is really only useful if you're daytrading. What I can tell you however is that it's interesting to see how they play games on Nasdaq. They do this on the TSE as well, but not as often as they are doing it on Nasdaq: Lets say they want to buy 10k shares at $10. They (single house) will put up 50k bid at $9.75 to force the price up. As soon as their lot is bought, they pull the bid. Similarly vice versa. Every single large house on there is doing it. Sure it happens on the TSE, but not to this extent. Very interesting to watch and if you can follow what they're doing and have instant access to trades you can make TONS of money.

Current situation is that there's a bunch of sellers up to $10.50. Next minor block at $12.00 and clear after that. On the bid side, thin below $9.50...
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