The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: nokomis who wrote (36317)	5/5/1999 12:48:00 AM
From: Junkyardawg	Read Replies (1) of 90042

Nok. I sold bids and bought AMZN. I still don't know how that will work out. But I just could not get it out of my mind that only 6% of the stock was owned by insiders and the institutions that owned BIDS was almost nothing .03%. I like to own stocks that the people that work for the company also believe in it. Also, I think that the big money usually knows much more than we do so if the institutions did not see a need to own BIDS then I didn't either. All of the rumor's going around about Bids being bought just seemed to me like BS. I believed it for a while but after watching the trading for several days I rarely saw a buy of over 5k shares and that was very rare. I don't think I ever saw a buy for over 10k shares. So if they were getting bought it just seemed to me that somebody somewhere would have known and be buying up stock. I will watch it and if I see some large buys I may re-evaluate my thinking. dawg

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