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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Land Shark who wrote (27387)4/28/1999 1:55:00 AM
From: Never Hibernate  Read Replies (2) of 37507
 
Yields, I don't think this one is treated like an IPO - I was able to short BIDS at DLJ. I recycled this one a couple times today. It had predictable bounces making this as nice play.

You and I share very similar opinions on BIDS. I can't possibly see how it will do anything but a gap and trap tomorrow. It has to sell off shortly after the open. Funny thing is on #daytraders someone accused me of being you - then I read this post I am replying to and I understand now why they thought I was you - I said almost exactly everything you said! LOL

This is one you might want to call a crowded long. Everyone who planned on getting in has already done so. Anyone not long would never buy it now after this runup and no new hype to chase. This has total sell on the news written all over it.

a) If it gaps up, then the longs will be thrilled to sell the gap and take their large profits because you know there have to be some nervous longs after this run itching to take profits.

b) If it does not gap at all in the morning, then the longs will probably be disappointed and consider that a good reason to get out and keep their profits.

c) If it gaps down, then run for cover because that will make many of the longs very nervous.."Why the hell did it gap down??!! It should have gone up...I don't understand! I'm outta here!"

d) There can't be many "investors" in BIDS, so I assume most shareholders are not considering this a hold. How could they?

NH

PS - Currently boxed and secretly cheerleading with the longs for a solid gap up to sell into (;
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