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

To: the Chief who wrote (1696)	11/26/1998 11:02:00 AM
From: Steelguy	Respond to of 37507

Chief, the buying today is simple to explain........All the Americans who have been drugged up this past week trading internet stocks are suffering from withdrawl do to that " silly " little holiday Thanksgiving....so.....they are FINALLY coming to play in Canadian dollars to see how far the Yankee greenback can go....and oh can it go a long way!!! You should understand this Chief as you have a difficult time sitting through those terrible days called Saturday and Sunday when you can not trade. :o))))) As an offnote but probably of interest to many here.......If you have been following the takeover rumours on Newbridge Networks from yesterday....you may be interested to know how far reaching the corporate takeover plans can be. Our dollar rallied in the last 2 hours of trading yesterday and was very strong this morning...settled down now......the reason cited for this is because the German Company rumoured to be buying Newbridge ...Seimans (sp?) I think....was thought to be out in the currency market buying up Loonies to pay for the purchase of Newbridge.....this caused the spike.....shorts covered....more strength and there you have a nice 2% rise in the Looney in less than a day's trading. this is of huge significance to my company as we are importing steel from the US and we are always trading Canadian dollars to US dollars....Grabbed some this morning just before 7 am and now she is selling off.. a great buy for us. I am amazed that a takeover rumour could do this to a country's currency.....I have learned something today. sorry to ramble but I thought it was good and interesting info. I will go back to posting fluff.....don't worry. :o) sg

To: the Chief who wrote (1696)	11/26/1998 11:04:00 AM
From: waldo	Respond to of 37507

>>I don't think there is any way to etablish this kind of trading pattern. Other than checking end of day shorts!<< Chief, what the heck do I know! :>))) W

To: the Chief who wrote (1696)	11/26/1998 11:06:00 AM
From: IdiotJed	Read Replies (1) \| Respond to of 37507

Yorkton I think Yorkton is selling or pre-selling (shorting) their 5.7 million stocks attached to the issued warrants. That's the only reason I can think of when I see they already sold 3.8 million shares since Nov 18. I think they go on frenzy buy at extremely high price only to get rid of short-seller block. And since they still have to get rid of 1.9 million shares till Nov 30, I think a trade for their client would be a 11-11 trade. But I speculate here. Maybe someone could clear this up for me. IdiotJed