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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: CBurnett who wrote (33233)6/29/1999 8:40:00 PM
From: James W  Read Replies (1) | Respond to of 37507
 
The good news is that todays news adds more value to the company and continues to eliminate some of the "blue-sky" that nay-sayers like Gonorth harp on about. We have indeed given back much of the value we had at 30-plus dollars but we now have a reasonable base to work from. I continue to take advantage of weakness to accumulate. The internet sector in the US has taken a beating but now that the Fed is out of the way after tomorrow the market can continue to rally much like today. Although the shorters are starting to get nervous because the price action does not support their view any more, as I will openly admit it did about 3 weeks ago, however, the ones that have the fortitude to cover here with a small gain or loss and get themselves long will be quite happy in the future. As more news get released in respect to BII we should see continued appreciation in both the value of their cash flow as well as in the value of the share price.

JW