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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: RG who wrote (24091)4/22/1999 9:28:00 AM
From: NTT  Read Replies (3) of 37507
 
PreOpen at $8. What's interesting is that I've NEVER seen this kind of volume on open in the history of BII. There's 468k buyers, 415k sellers. There is a single buyer at $7.75 of 40k shares!

Obviously some of the investment houses are taking advantage of those poor people who are being liquidated because of margin calls.

This is going to be a very volatile opening, but it certainly looks like a tremendous amount of buyer interest at these levels from large institutional buyers.
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