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


To: esterina who wrote (1049)11/18/1998 6:41:00 PM
From: waldo  Read Replies (1) | Respond to of 37507
 
Posted the Globe earlier....found this one just now:

Wednesday, November 18, 1998

Bid.Com streaks higher

Three in a row: Online auctioneer buoyed by gains in Internet stocks

By GARRY MARR
The Financial Post

• Bid.Com International Inc. (BII/TSE), up 8c to $2.02, on volume of 3.5 million shares.

   Stock in the online auctioneer continued to climb yesterday, for the third consecutive session. The stock was up a whopping 50% last Friday, on the heels of massive rises made by Internet stocks south of the border.

   On Monday Bid.Com gained another 11.5% as the company announced a deal with Rogers New Media Inc. to set up a Web site to sell computers and sports equipment with Canadian warranties and service. Yesterday the stock gained another 4.1%. It is now up 74.1% in three sessions after closing at $1.16 on Thursday.

W



To: esterina who wrote (1049)11/18/1998 6:46:00 PM
From: waldo  Read Replies (1) | Respond to of 37507
 
From Stockmans Forum on Stockhouse, yesterday...this guy had today down cold:

Bid.com International

BII.TO 4:00PM 1.94 +0.20 +11.49% 3,848,962
2.00 1.83 2.30

Holy Mackerel ! We are up 67% since we mentioned BII-T a week ago. Record volume for the stock today, as buying poured in from all across US and Canada. Yorkton was now on the board buying and crossing 50,000 share blocks probably indicating kiting of the stock that was short. Rest assured the short position in BII is huge and it seems that the shorters tried to nail it down but agressive buying kept bringing it back up. They are indeed trapped.

The stock touched $2.30 today at open and still closed higher than yesterdays close. If she breaks through $2.30 tommorow, it will be $3.00 plus in a blink of an eye as a snowball forms into enormous buying power into the stock courtesy of short squeeze and the public getting into a buying frenzy. It is likely that we could see some news tommorow. Even if the stock pulls back, it will probably be momentarily only.

I expect the stock to gap again tommorow at open.......


stockhouse.com