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


To: axial who wrote (2950)12/3/1998 11:16:00 PM
From: AL  Read Replies (1) | Respond to of 37507
 
Like I stated earlier. I also have seen this pattern before Jaskay. This is not a natural market. Only 22 mil in the float, and trading over 25% every day for 2 weeks. This isn't really 25% of the shares trading, it is probably about 5% - 10% being recycled really fast. While the price stays high, the big money will just keep getting bigger. Eventually they will kill interest ( if there are no BIG NR's out in the very near future ) and the stock fades down to it's true value ( under 2.00 ). Far too many people have gotten burned already on this one, buying between 4 and 6 bucks.

Al