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

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To: ysell who wrote (26479)4/26/1999 6:32:00 PM
From: Peter V  Read Replies (1) of 37507
 
More accurately, Mr. Pink correctly called BIDS short when it hit the Nasdaq, he covered at 9 for a significant profit in two days. Today he was asked whether it was time to short again on the runup, and he said it is time to move on and find another play. Mr. Pink does not like BIDS due to poor fundamentals, which it clearly has. Since I have locked in a 100 percent return already, the remaining shares I have kept for speculative purposes will be gravy regardless of where the fundamentals or the daytraders take BIDS. Being an internut, BIDS may not trade on fundamentals for a while, but look out if the market hits a significant downdraft.
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