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


To: F. Evans who wrote (2638)12/1/1998 11:06:00 PM
From: Steelguy  Respond to of 37507
 
thanks FE.
tough call for tomorrow.....
Your thoughts on the rise in internet stocks is where my head WAS this afternoon....but as they kept rising...BII would not budge to get over 4.40....that got me a little spooked. Not for the longterm of the stock but for what will happen at the bell. As well..we saw a selloff right at the close I believe...( I was out of the office ) and that will continue in my opinion ...UNLESS..we see some legit news..if there ever was some coming.!!!

However...you said the other day that the swings are too much for you to deal with to trade so you will just hold......NOthing wrong with that but if you have some cash hanging around.....you can be pretty sure that if you buy on a weak open gap down like today......you will most likely make money off of it......but ...the gap has to be violent....Just as it was Monday on the upside....it was ( although less in real terms ) as violent today....those are the times that you go the opposite of the market and FE...in my opinion you win 9.9 times out of 10.
we'll see what tomorrow brings.....

sg