SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: James W who wrote (34619)8/3/1999 7:34:00 PM
From: hsg  Read Replies (1) | Respond to of 37507
 
I was being sarcastic.

To: hsg
From: James W
Tuesday, Aug 3 1999 7:08PM ET

See, there is your inexperience again, when a stock is down 15% that means it is
getting (in technical non-lay terms) "given" and the market is "weak" A rally is when the
stock goes "higher" or for your limited vocab "up".
These are probably important things to take note of while you're on your little
interview.



To: James W who wrote (34619)8/3/1999 7:37:00 PM
From: Alastair McIntosh  Respond to of 37507
 
The numbers are from my quote service, Track Data Corporation. What information do you have on the short position?

This site gives a slightly different number:

viwes.com

They show 401,634 shares short with 0.38 days to cover. In either case a short squeeze is unlikely.

In my opinion both of these numbers are high as I suspect that short covering for the past few days has kept the price from collapsing further. Who else would be buying this turd except for shorts?

With regard to support levels or "basing" for bids keep in mind that the volume on the NASDAQ is much higher than the volume on the TSE. The Canadian price therefore follows the U.S. price. (This was demonstrated today as BII quickly dropped on the open to match the NASDAQ price.) As BIDS on the NASDAQ is now in uncharted territory there is no support level on the U.S. chart.



To: James W who wrote (34619)8/3/1999 7:37:00 PM
From: hsg  Read Replies (2) | Respond to of 37507
 
James, what did you mean when you posted this morning that the stock was going up? What did you mean when you posted that BIG BIG news was coming out that was going to take the stock higher? What did you mean when you told us of the big POP when the options expired? What have you meant every day the past 2 weeks when you said that this was the big day, BIDS on it's way up, shorts had better cover?

I think you should check the accuracy of your own statement before you analyze mine....since when is picking a stock that falls like a rock a sign of success or analytical superiority?