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

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To: SwampDogg who wrote (24385)4/22/1999 2:07:00 PM
From: Grant MacMillan  Read Replies (3) of 37507
 
Well, I was in and out today. Small amounts. I don't consider myself much of a trader, but it seemed to me that the shorts, of which I'm sure there are many, would be covering today, and the opportunity was just too good to pass up. Someone mentioned some time ago that a stock doesn't go straight up, nor will it go straight down. I see today, and possibly tomorrow as well as a natural correction to a downward trend. Are there any traders out there who can add to this speculation. I'm curious as to how high the stock will rebound. $18 sounds right, but the stock is one of extremes, and I wouldn't want to get caught on hold at my brokerage for 20 minutes while the stock goes through one of its "cramps".

GM
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