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

To: Ditchdigger who wrote (5893)	1/13/1999 6:09:00 PM
From: waldo	Read Replies (2) \| Respond to of 37507

>>''I'm not sure I can characterize it, but this market is showing some amazing resiliency,'' said Tony Cecin, senior equity trader at Piper Jaffray.<< >>Internet and other technology stocks slid on Tuesday, ending a string of seven days in which sharp gains were recorded and the tech-laden Nasdaq composite soared to record levels. Traders attributed the slump to profit-taking after recent hefty gains and growth of a cautionary mood in the market, based in part on the end of the strong fourth quarter. Wednesday's across-the-board losses were kick-started by news that Brazil effectively devalued its currency after the central bank president said he would resign. ''The Brazil thing started people getting nervous this morning and, since there are such tremendous profits in these stocks, some people decided to take profits,'' a trader said.<< Lofty Internet stocks fall sharply, recover a bit (recasts with recovery, updates prices, adds quote) NEW YORK, Jan 13 (Reuters) - Internet stocks tumbled again on Wednesday, but recovered somewhat after midday, with several leaders of the high-flying sector tumbling on a broad sell-off on U.S. markets. Shares of Broadcast.com Inc. (Nasdaq:BCST - news), which had surged over 350 percent in the past week, plummeted just after the start of trade to $150, down $73, or about 32 percent and touched a low of $145. The stock rebounded to $195 at midday, off just $28. biz.yahoo.com W