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

To: Ruyi who wrote (4882)1/8/1999 1:09:00 AM
From: JAS  Respond to of 37507
 
"It's clear, too, that the stock price is being driven almost solely by retail investors, not institutions. Only three trades in uBid's stock were in blocks of 5,000 or more shares in the first two and half hours of Thursday's session. By contrast, IBM's stock saw three 5,000-plus blocks move in the first nine minutes of trading"

Let's see... 120 per share X 5000 = $600,000.00 and only three were in blocks of 5000 or more.

Think we still have some institutions buying in UBID..

Jim



To: Ruyi who wrote (4882)1/8/1999 6:48:00 AM
From: reg  Respond to of 37507
 
Remember Ubid only has 1.9 million shares. IBM a Billion? Plus IBM does massive share buybacks because they have profits.



To: Ruyi who wrote (4882)1/8/1999 9:08:00 AM
From: TRIIBoy  Read Replies (1) | Respond to of 37507
 
Listen you are right, the valuation of these stocks are absurd, however it mine and other's thoughts that the differential between Bid.Com and NASDAQ competitors is ridiculous.

This is more of an arbitrage type move. But boy I am with you more than you realize.


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