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

To: Fred C. Dobbs who wrote (5027)	1/8/1999 9:05:00 PM
From: Steelguy	Read Replies (1) \| Respond to of 37507

>>>>Correct me if I'm wrong but I get the distinct impression that 7M shares might be a sign that people have started to accumulate for the long term. This company sure seems to have some sound fundamentals<<<< I am not correcting you saying you are wrong Fred but what Ken is probably using as a reference is what happened in November and he is wise to heed that action. 7 million shares is whacky and BII was the top trader today on the TSE. However, back in November when she was a runnin', we saw one day where the volume topped 14 million I believe.....14 million!!!! it was incredible. And yet, from that day we still saw her drop back to 2.35. I wild ride it was. Now, however, I am with you that we are seeing some interesting buying and I believe that although Ken has sound thoughts, he may just happen to be wrong this time as we are all wrong at times. These are just my thoughts but this stock has become a living breathing animal again, I can feel it, just like last time , but this time it is older and has had more experience. THat is not to say it can't tank...but today I think showed us a gap up WITHOUT a nice selloff after to below previous close which had almost always happened in the past. this tells me something. Nothing about the company or the fundamentals of it for that matter. but about the way the stock is behaving. As sad as it is, in many of these cases, the company and what they do does not matter FOR A PERIOD OF TIME, ie: earnings, PE ratio etc.etc.......momentum is what is driving her, make no mistake and either she will build and add foundation to it, or the sand will start to buckle and the house sinks again. we'll see. For now, I feel she is going much higher AS LONG AS we see nice support in the US from the markets there. If that occurs, I really think that BII will try to test double digits. This is not based on any TA or fundamentals on the company, it is based on what I see and SOMETIMES I am correct.....sometimes I am VERY wrong. what a fun ride though. sg