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


To: James W who wrote (34595)8/3/1999 2:58:00 PM
From: Grant MacMillan  Read Replies (2) | Respond to of 37507
 
Is all the panic gone? I'm on a 20 minute delay but it still looks like a good amount of shares up for sale. I do agree that this sort of drop should lead to a correction of some sort. It will be interesting to see where it closes today and opens tomorrow. Don't misunderstand me though, a correction does not mean that I think this stock is on the road to recovery. I'd be looking for more stability in the price before I'd get in, even at these levels, which are 600% higher than just one year ago.

GM



To: James W who wrote (34595)8/3/1999 3:09:00 PM
From: margin_man  Read Replies (1) | Respond to of 37507
 
I don't think there aren't many shorters out there.
It's the longs who couldn't hold onto a (non-marginable) stock, IMO.

P.



To: James W who wrote (34595)8/3/1999 6:36:00 PM
From: Alastair McIntosh  Read Replies (1) | Respond to of 37507
 
James, not much danger of a short squeeze.

Short position on BIDS only 321,444. Average daily volume 1,054,000. Pretty hard to get a squeeze when less than one day's volume is short.

What you are probably seeing is a long squeeze as margin calls hit.

Al