Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: F. Evans who wrote (10108)	2/18/1999 8:00:00 PM
From: Rich Investor	Read Replies (2) \| Respond to of 37507

Frank, I have to disagree with your assessment of the situation. I am VERY surprised that BII is not trading around its 52-week high of $9.90 as a result of their announcement of a NASD application. The low volume here ought to be of concern to some as this was supposed to be the BIG NEWS we were all waiting for. What happened? I can see your point about people not necessarily selling, but if anything, there should be more buying in anticipation of U.S. listing than what we've seen so far. The momentum appears to have dissipated considerably and this is the opposite of what many had hoped to see only two short months ago. I remember some on here predicting a $10-$15 stock just on the ANTICIPATION of a listing alone. As for the daytraders, ideally they should be flocking to this stock even more if they see huge profits down the road. I mean aren't daytraders largely to credit for BII's current valuations? The fact that daytraders have left this stock IMO is NOT a good sign because practically all these I-net stocks owe their share prices to the short-term holders out there and the volatility they create. I am sorry Frank, but I honestly think that if BII does make it to the NASD, investors should be realistic about where the share price will be. IMO, I see $10-$15 U.S. at the most, which is still a good profit to those that bought in at the basement.