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


To: Ruyi who wrote (8895)2/5/1999 7:28:00 PM
From: Denise D  Respond to of 37507
 
Doug,

Thanks, that last message provided a lot of insight for me.

One thought, do you think that maybe any impact that the Toronto show would have had was negated by another bad market day? IMO, it would have been a better day to buy than a good one, as NTT pointed out, it would make for some good deals. Perhaps just slow to react, or potential investors taking a "wait see" because of the markets?

Anyway, I do think BII fared remarkably well despite all the lackluster performance of the indices.

Thanks again.

Denise.



To: Ruyi who wrote (8895)2/5/1999 7:31:00 PM
From: Steelguy  Respond to of 37507
 
Very interesting post Doug.........I am not aware if this is true in this case but the concept certainly makes sense and I don't doubt it....thanks for the insight......

sg



To: Ruyi who wrote (8895)2/5/1999 9:44:00 PM
From: Sili Investor  Respond to of 37507
 
>>>On the other hand short selling can only happen on the up tick .I noticed lots of 10c spreads again today, small hit to the bid then upping the bid trying to create an up tick. This tactic usually has three effects, one having the offer taken out ,two slowing competing offers coming in ,three slowing the bids being hit. This reverse psych. really works best on a bad market day, the old somebody is really anxious to bid, must know something we don't know routine. It worked like a charm last two days.<<<

Dougie, Dougie. I'm not going to dispute what you said. Could make sense, if in fact there were alot of 10c spreads. But, I have to say, my oh my, someone sure knows alot about shorting!

So, Dougie, finally showing your cards huh? Posts the exact way to short, hasn't read the prospectus, posting GARBAGE on financial situation, doesn't even know who is on BOARD, always trying to talk the stock price down. Hmmm, sure sounds like you are SHORTER to me.

Be careful everyone. Dougie will attempt to post information at times that looks plausible, but he just wants to reel you in. Look at what he's done to KRIS. Got him believing to short, or so Kris says. Dougie's a good one, a SHORTIE and a GARBAGEMAN!



To: Ruyi who wrote (8895)2/5/1999 9:53:00 PM
From: NTT  Read Replies (1) | Respond to of 37507
 
That's definitely food for thought, but I think there's a few pieces of evidence which would suggest that CT and Yorkton were not working in conjunction with each other. Firstly, if you look at CT and Yorktons net positions at the end of each day, they do not offset each other. In other words, both may have been hugely negative or positive on the same day. Secondly, I do see a few trades between the two, eg.

15:09:06 6.600 .100 10000 90 CT Services 11 Yorkton

CT was definitely accumulating today because they bought 291k and sold 34k. Day traders are houses like Griffiths who bought 316k and sold 274k.

Just to be fair, CT has not always been accumulating. They have also as recently as tuesday dumped 431k shares for the day. It should be noted that it was a down day for BII and perhaps they were reducing their position based on the negative market forces.

I don't think we should read a whole lot into who's buying and selling because these large houses tend to momentum or day trade quite a bit, especially on very liquid stocks like BII. The only thing that interests me is when a house buys or sells against the market, as CT did today.

Lastly, I don't think your uptick tactic was what we were necessarily seeing the past two days. The whole point of doing this would be to then short the stock at the uptick price, right? But instead of a huge dumping of shares at that point we'd instead see continued strong bidding from the same house. Yorkton is day trading and shorting for sure, but I don't think CT is involved with them in any fashion. Over the past 20 days, Yorkton is short about 2.2M shares. I question their motivations.