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

To: Ruyi who wrote (10224)	2/19/1999 9:56:00 PM
From: Boolish	Respond to of 37507

Doug that Steve Harmon quote did not relate directly to BII although you presented it as if it did. Those IPO's Steve was speaking of were most likely Internet companies that had never established a prior reputation. They were initially bought out of pure Internet speculation. As the bubble fizzled people sold the stocks that they realized they had no clue as to their business plan or even financials. Although BII is relatively unknown in the USA it has been around for quite some time and is rated highly on many on-line auction score cards. Why is BII volume so low? Well for now the day-traders have found more appealing volatility. The stock is holding up quite nicely in the mid sixes and IMO the frequent day-trading has stopped and most of the shorts have been covered. IMO the stock will rise and fall with the markets but the volatility is fading. PEOPLE ARE HOLDING. As some of the faint of heart sell and the stock drops .20 or .30 cents it is quickly gobbled up.Kris had stated that the stock would drop as the big institutions stopped churning shares. Well we gained a dime on under 600,000 today. I like what I see and continue to be long.