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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: out_of_the_loop who wrote (5529)	1/6/1999 7:01:00 PM
From: waldo	Respond to of 18998

>>Topping most actives was cyberspace auctioneer Bid.Com International Inc. (Toronto:BII.TO - news), which closed C$0.69 higher to C$5.25 on nearly 10 million shares. Chief Executive Paul Godin said in a statement that the Internet company could not account for the hop in the share price or rapid-fire trading, except for the U.S. investor interest in Internet-type stocks south of the border.<< >>''The bottom line is: there's a lot of cash out there looking for stock to buy,'' said Rolie Bradley, institutional salesman at Maison Placements Canada. ''When the market starts going up, everyone wants to roll in and be fully invested.'' Bradley credited the so-called January effect, which predicts that a strong showing in the first month heralds a positive year. ''If you close up in the first week of January, the chances are that you'll gave a good year.''<< Wednesday January 6, 5:58 pm Eastern Time Toronto stocks post rousing rally as cash rolls in biz.yahoo.com W