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

To: Fass99 who wrote (2146)	11/28/1998 4:34:00 PM
From: the Chief	Read Replies (1) \| Respond to of 37507

(1) To get the NASDAQ listing, the stock will have to break the $6.25 mark on Toronto. Given that there is still a general negative attitude on smaller caps, expect extreme short-selling pressure. Actually, you witnessed some of it Friday once the stock touched the $5 mark. I would agree with the general statement " negative attitude on smaller caps" however it does not extend to Internet stocks...least not yet...in fact it is positive. (2) Like many previous disasters before it (Lion's Gate, Rainmaker, etc.), Bid.com has the big "Yorkton Securities" stamp all over it. To make it worse, Yorkton's VP of Corporate Finance sits on the Bid.com board. If that isn't a 2 storey-by-2 storey red flag, I don't know what is. Every once in awhile even a crap brokerage like Yorkie can get lucky...it could have been far worse....cannacrap! (3) Moving to NASDAQ is not as big as you might think. UBID.com will beginlisting there in the next 7-10 days and that is also a much bigger on-line auction house than bid.com. The move doesn't mean automatic success. Just ask the droves of ATI shareholders after that stock commenced trading on Tuesday. And there you have a good tech company with $750 million (CDN) in sales. Invalid comparator. ATI was widely held both in Canada and the US even before the NASDAQ listing which Bid.com is not. Secondly like "normal" we "canucks" ran it up in price before it started to trade in the US. That isn't to say that quick money can't be had (and it certainly was this week).But I'd be very skittish about getting in at the $5 point. Depends on the momentum! If internets become the "stock of choice" then people will look for bargains. Based on projected earnings and possibility of profitability in mid-99, I think this stock will do very well. the Chief

To: Fass99 who wrote (2146)	11/28/1998 4:51:00 PM
From: Ruyi	Respond to of 37507

Didn't Yorkton get options /warrants equal to $1.20 approx.per share last week? If so they may be selling short in this range and getting a nice quad.This mania reminds me of last fall and the Y2k stocks.The article in todays paper also mentioned how much commission brokers are making on this stock.This is RRSP season in Canada and this is the only Net play in town,so to speak. Any one have any insights?

To: Fass99 who wrote (2146)	11/28/1998 4:55:00 PM
From: axial	Respond to of 37507

You make some good points, but one of the things that attracts buyers to BII (my guess) is the quality of its partners. One of the other posters on this thread was asking about online retail purchasing with Bidcom, or whether it was just auctions. Maybe I'm reading too much into this, but I see online purchasing waiting in the wings when I see AOL and Rogers signing on here - they're planning on giving enhanced value and a managed ecommerce resource to their customers, and to retailers that sign on. That's why I bought in: this is what distinguishes Bidcom from other stocks of this type, I think - the proprietary sytem for managing these transactions that others can just link in to. Just a guess, couldn't prove it if my life depended on it. Regards.JK

To: Fass99 who wrote (2146)	11/28/1998 5:02:00 PM
From: waldo	Read Replies (2) \| Respond to of 37507

>>(1) To get the NASDAQ listing, the stock will have to break the $6.25 mark on Toronto. << To be listed on the National Market System, BII needs 6 million US net tangible assets and has to trade over 5.00 US for 30 days...read about it here: tht.com >>Given that there is still a general negative attitude on smaller caps, expect extreme short-selling pressure. Actually, you witnessed some of it Friday once the stock touched the $5 mark.<< I have watched the best part of the 60 + million shares trade real time in the last 11 days. I can assure you that short covering is what took it up to 5.00. Yes there was some more done at 5.00...but a 100% to 400% profit is hard to turn down. Shorters are for the most part very smart...they met their match with the internet stocks...Yhoo, AMZN and EBAY have decimated many old time shorters in the US...go to the YHOO/AMZN/EBAY boards on SI and Yahoo and read back about 2 to 3 weeks ago...WIPED OUT! I know...I was just about one of them...until I did a 180. Now for Canadian shorters ...There is a notorious shorter at Yorkton in Vancouver who was forced to cover Amazon at 140.00 (shorted at 80) ..he lost 2 million dollars and has to work it off for many years to come. The bodies are everywhere...see for yourself. >>Yorkton's VP of Corporate Finance sits on the Bid.com board. If that isn't a 2 storey-by-2 storey red flag, I don't know what is. << Jerry Vickers was Senior Manager of Company Listings at the TSE and from January, 1990 to October, 1995, and Manager of Company Listings at the TSE responsible for the review and approval of companies applying to list and trade on the TSE. Perhaps this is why the Nasdaq officials contacted BII ...after all...he must be on a first name basis with some of his old colleagues. >>(3) Moving to NASDAQ is not as big as you might think.<< There are dozens of investors that want to buy BII on the Yahoo board...they can't even get a quote..let alone a trade. See for yourself...just keep clicking on the next 20 messages...you will see their frustration. Times that by thousands of hungry cyber-deal junkies that are liquid in this madness. search.messages.yahoo.com >>UBID.com will begin listing there in the next 7-10 days and that is also a much bigger on-line auction house than bid.com. The move doesn't mean automatic success<< UBID is not even in the top 52 ...completely different category...BII is number 8...4 through 7 are not even public. see who 1, 2 and 3 are? Look at their market caps in relation to BII. We are next in line: 100hot.com >>And there you have a good tech company with $750 million (CDN) in sales.<< Welcome to the new paradigm...throw out the old valuations...the tech sector is being ignored now that e commerce has hundreds of billions to trillions in revenue to the top 50 or so companies who move fast. Try to find that kind of growth in a tech deal. >>That isn't to say that quick money can't be had (and it certainly was this week). But I'd be very skittish about getting in at the $5 point.<< I covered my Amazon short position at 125.00 ...talk about skittish. Most of the people on this thread are up big time as of late...the most they can lose is 100% of their money if not margined. Herein lies the difference...shorters will lose 100, 200, 400, 800% if they don't cover in time. I say...if this deal is good enough for AOL,Torstar and Rogers to invest in...then it is good enough for me. W