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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: sainte-beuve who wrote (35559)4/21/1999 8:04:00 PM
From: Northern Cougar  Read Replies (1) of 120523
 
D.G.L. You were asking about TSE:BII now also BIDS on nasdaq. Company is in the same business as EBAY, UBID and now AMZN the most recent to enter the online auction business.
I was in BII back in dec/Jan $3 to 6 cnd doubled my money , got in again a month ago @ 10 and got out @15 1/2 a few days later, the stock got as high as $32 cnd. There was a lot of hype on the stock last month because of the pending Nasdaq listing and rumors of possible takeover. Then because of its recent capitalization the stock was added to the TSE 300, making it a compulsory buy for some mutual funds. The entry on Nasdaq this week (yesterday) seems to be news that sparked the selling. Maybe a case of buy on Rumor sell on News. The CEO Paul Godin, was on CNBC tuesday morning and I guess he wasn't convincing enough as a serious competitor for Ebay etc... , Here is some recent news quote.yahoo.com
and another site with usually upbeat info about BID COM..
geocities.com

Sorry I can't help any more than that.. N.C.
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