Bid.com International (BIDS) Message Board

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

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To: F. Evans who wrote (24727)	4/23/1999 1:25:00 AM
From: donkeyman	Read Replies (1) of 37507

BIGGER DEMAND NOW FOR BID.COM IN THE USA THAN IN CANADA. Does that mean those Canadians that didn't sell today are unlikely to sell tomorrow or the next day. When you trade 25 million shares, 16 million shares USA and 9 million Canadian, that could cause quite a price swing in the future if Canadians hold onto their shares. A Cdn.$5.00/share looks like big stuff but that's only US$3.00/share. Insignificant with 25 million shares trading. What's a $5.00 rise in shares with Internet auction companies? Let's take a quick look at Ubid. On day #1 on the Nasdaq Ubid was US$60.00/share. On day #5 and 6 Ubid's low was US$30.00/share. Day #14 Ubid's low was US$148.00/share and their high US$190.00/share (Cdn.$287.00/share). A price swing on day #14 of Cdn$63.00/share. With all those shares trading, can we expect 20% of Ubid's price swings - we are not an IPO but I guess it will depend on if Canadians hold back for i.e 25 million shares from the USA. If that were to occur, I believe we could expect some very good swings in share value on BID.COM.

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