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

To: Mike Perras who wrote (3495)	12/14/1998 5:37:00 PM
From: AL	Respond to of 37507

Valid question Mike. I suspect there will be good support at the 1.80 level. It is of my opinion ( I do not know for sure ), and many others that Yorkton ( among others ) shorted this stock from 6.00 on down. If they short the same number of shares as they have options, they cannot loose. If the stock goes up, they simply replace the shorted stock with the warrents, still having a profit. If the stock goes down, they buy back at a much cheaper price and still have a profit and the options. A win win situation. If the price gets below the 1.75 mark, hard to say. Depends on what Yorkton sees in the future for BII. They may hold and do nothing. They may start another rally and start the whole process again. I personally am not as bullish on this issue as I once was. There have been far too many on-line sales sites comming out with IPO's lately, and I think the investment community has had their fill for now. Not to mention the hoards of people that have already lost a bundly on these. Al