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

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To: SwampDogg who wrote (24285)4/22/1999 1:20:00 PM
From: donkeyman  Read Replies (2) of 37507
 
--The ONSALE PRICE SWING FROM LOW TO HIGH OF CDN.$94.00/SHARE ON DAY 11 OF THEIR NASDAQ DEBUT - WHAT DID THEY ANNOUNCE TO CAUSE SUCH A SWING? (1) Did they report a major improvement in their business to consumer internet auction model (2) did they report a new business model i.e. business to business, (3) did they announce they will operate the first live internet auction (4) or was it they were about to operate a major auction in Europe (5) did they announce they have lots of cash in the bank. What did ONSALE announce to cause such a swing? It couldn't have been good revenue or profits they were only 11 days on the Nasdaq. Do you think it would be possible to see Bid.com not take a Cdn$94.00/share jump like ONSALE, but let's say a $20.00/share jump somewhere down the road?
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