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

To: Sili Investor who wrote (2854)12/3/1998 1:07:00 PM
From: Famularo  Read Replies (2) | Respond to of 37507
 
>>>Is what we went through called a "shake down"? Get the jittery investors out by driving the price dowm then pick them back up at cheaper prices? <<<

IMO, it is a combination of many things. Stock went up too much too fast. Today's report from Taurus did not help. Yesterday's trading pattern indicated a sign that heavy selling would occur. Very volatile stock and many stop loss orders got kicked in. We may still see the stock lower again today as many nervous speculators bail out.

Regards
Fast Frank



To: Sili Investor who wrote (2854)12/3/1998 1:14:00 PM
From: techstocker  Respond to of 37507
 
I dont know if this is a shake out. The one good thing possibly of the negative Taurus report would be that it would shake out the momentum and day traders and get some good buying(long term). My only concern is this stock always sells off in the morning and rallies in the afternoon only to sell back off in the last two hours of trading. I think if we close under $3.00 canadian we will go back to where it all started two weeks ago($1.12 Canadian)


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