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

To: RG who wrote (10161)	2/19/1999 1:20:00 AM
From: Rich Investor	Read Replies (1) \| Respond to of 37507

RG, Your comments about OTC stocks are only partly true. Lots of people hold on to OTC's beyond 24 hours because they see long-term potential. Please don't pretend as if you know everything about how the market operates, in particularly, the OTC market. Sure, manipulation by the MM's and some crooked operations exist out there, but there are some OTC's that have a legitimate story and potential to realize valuations beyond $4 or $5. Even if that was the limit and you bought shares at less than a $1, depending on your position size, taking a $250,000 profit for many is an all too common story. Most self-made millionaires out there have made their fortunes trading penny stocks, and BII was once a Dealing Network stock. As for $50 or more BII share price, your crazy. This stock will never see those kinds of valuations because of the float/outstanding share size. I've traded similar I-net's/I-net related stocks on the NASDAQ big board with similar share #'s and I'll tell you right now that $50 is a pipe dream for most. IMO, I can't see anything inherently special about BII to justify a price beyond $20 U.S. and maybe you should be happy for that instead. Just because it's got .com in its name doesn't mean that it's worth $50 or more. Keep that in mind.