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

To: Serge Collins who wrote (1575)	11/24/1998 8:51:00 PM
From: Orwell	Respond to of 37507

Your points are bang on, but we have a big consolation for the day traders keeping the movement at a slower pace, we are still able to get into BID at a market cap, and x sales ratio far below any of those other hot U.S. stocks which have already taken off. As each day goes by, more and more sales are picked up and parked by the retail investors, you can use GreenLine 007 as a proxy for this, and keep watching the long positions grow each week. It is always easy to achieve short term business plans, so BID will have no trouble doing this. If/Since their plan is a Nasdaq listing, then you can be assured that this stock will have no trouble doubling from here. O.

To: Serge Collins who wrote (1575)	11/24/1998 9:03:00 PM
From: waldo	Respond to of 37507

From Reuters: >>Hot stock Bid.Com International Inc. (Toronto:BII.TO - news) traveled higher in hefty dealing after recently becoming a market darling. Shares in the online auctioneer rose C$0.19 to C$2.88.<< TORONTO, Nov 24 (Reuters) - Toronto stocks closed sharply lower on Tuesday as investors unloaded shares for cash after the market's recent rally, particularly in the gorilla-sized banking sector. biz.yahoo.com W

To: Serge Collins who wrote (1575)	11/24/1998 10:38:00 PM
From: Kevin Hamlin	Respond to of 37507

Serge, this doesn't make sense to me: <<<<Bid.com is starting to move but there is this little problem of day traders that sell every time they can make a buck on the stock.>>>> Last time I checked, every time I sold to make a buck, I also had to buy in at some point too. Traders do two things to a stock. They help provide liquidity and they also add to the volatility up or down. BII's OVERALL grander moves up or down will happen in spite of what traders do, not because of it. BII is trading progressively higher because investors smell a winner...and I believe they're very right. Being a trader, I'll just also play the swings along the way that are a natural and healthy part of any rise. Every so often a stock comes along like BII where everyone will come out ahead. In the case of BII, I think "investors" and "traders" are BOTH going to MASSIVELY win!! Kevin

To: Serge Collins who wrote (1575)	11/24/1998 10:41:00 PM
From: Steelguy	Read Replies (2) \| Respond to of 37507

>>>If there was more liquidity in Canada, Bid.com would be much higher. That's the reason all these companies want to list in the U.S. Look at ONSL the last week or so, the stock has been volatile, but it can maintain its upward momentum, something BII hasn't been able to do.<<< Serge.....by no means do I want to pick a fight here because we are on the same team...however....I think you're incorrect in looking at the trading of BII and saying that if it had more " liquidity " like in the US we would be able to continue to climb. The problem I see in this statement is that when you start to compare the Nasdaq market and the TSE...you are talking two VERY different birds. They both fly but that is about where the similarities end. Nasdaq is a DEALERS MARKET. ( and please forgive me if everyone understands this already...I am not trying to be patronizing. )...A DEALERS MARKET...means that market makers are always the buyers and sellers. You Serge can not sell me your shares.....But for BII..conceivably, I could buy your actual shares....Meaning....you put in a sell at $6.25 for 1000 shares....they are the only sell lots up there and I , Steelguy go up and grab them... I just bought YOUR shares...correct? But WHEN BII trades on Nasdaq....there will be a posted bid and ask....I can asure you that no matter how hard you try.....if you think that you can split the bid in that " moment and time " and have your share bid show up as the next in line......you will be disappointed. The bid ask.....BIDC ( new BII ticker on Nasdaq :o) ) will be $13.25 bid $13.75 ask. IF you want to buy the stock....you must hit the $13.75 ask to get filled ..you can not put in a bid of $13.50 as Serge Collins......or at least you can't put it in and have it show up on the board. The only time you will be filled on your $13.50 bid is when the stock is coming down and the market makers don't mind selling to your $13.50 cause in a couple of minutes....the ask is going to be $13.25. NOW I am rambling.....sorry.... What I am getting at is that the Nasdaq market moves so kooky because it is market makers who are playing with their inventories NOT, in my opinion, because there is greater liquidity. Actually , in the true sense of the word...there is more liquidity in a " true " market like the TSE on a stock like BII which is trading millions of shares.....on the TSE......NO MARKET MAKER can manipulate the bid ask...they are to keep it orderly...but they do not set the bid ask on a stock that is moving with good action. On Nasdaq.....the bid/ask can really go anywhere the MMs want it to ......higher and lower violently because they only have to commit to taking 5, I think, board lots of the stock's bid or ask that they are posting. And each stock is different on Nasdaq as far as the number of Market Makers that play the stock. The more the better for a " fairer " market place as they end up jockeying with each other to have in the best bid and ask at the market. Serge.....I apologize for the length of this post...and I apologize to all on the thread.....( I am still reeling from my " chilaquing " on ACA this morning. ) So.....the above reasons are why I believe the Nasdaq market moves quite differently than the TSE......and Serge....if we get there....OH MY will it be fun. sg