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

To: Denise D who wrote (8889)	2/5/1999 6:18:00 PM
From: NTT	Read Replies (2) \| Respond to of 37507

Well from looking at the trading pattern it seems to me that the only reason that BII was bucking the trend was that there was always strong buying keeping it up. If there hadn't been the extra interest the past couple of days (ie a lot more than the usual amount), I believe BII would be sitting around $5.50 or so right now (IMHO). Yesterday especially the buying frenzy around the $7 mark was very interesting. There were a lot of people trying to dump their shares today but CT was there to scoop it all up. I don't think they know anything that isn't already public. I think they are simply hedging their bets that a signicant announcement will be made soon. Given the unusual strength in the stock, it's my belief that if the market recovers strongly next week (which I believe it will due to bargain hunters because of this weeks drop), BII will move strongly upwards. We'll have to wait and see right? Given the large volume by CT today, I don't think it was lots of small clients. I think it was one client, perhaps a small fund. As far as accumulation.. there is no doubt that is what was happening on the part of CT. The others were mostly day trades I think. Your guess is as good as mine.