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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Billsig who wrote (27840)4/28/1999 8:52:00 AM
From: NTT  Read Replies (2) of 37507
 
Not at all. In fact, I know for a fact that in the short term, BIDS is not an EBAY or a YHOO. The point is that if this stock went all the way down to $0 the maximum profit you make from this is $20. Big deal. This stock could easily however hit $50 or more. If you put a large enough sum into this because you're convinced it will tank, you could get burned big time by shorting. As I said before, it has absolutely nothing to do with fundamentals but with investor psychology. If everybody jumps on the bandwagon and "THINKS" that it is the next UBID or EBAY or whatever, this will have way too much momentum and Tom and Rajiv and the others can short all they want, but their measly trades won't mean squat in the big picture. The fact that it is getting the volume and attention that it has in the past few days tells me that this possibility is not entirely unreasonable. Even if there is a short term top at these levels, these shorts have to eventually cover, and when they do, it will simply drive the price up then. I'm not worried. I've taken profits along the way and my average cost on this is something like -$43. I'm going to let the rest ride until the day where this thing does some kind of insane pop (like all the other inets in this category have). When I can identify that top, that's when I pull out everything.

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