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: Boolish who wrote (10649)	3/2/1999 6:10:00 PM
From: RG	Read Replies (2) \| Respond to of 37507

>>Take for example that new auction company BIDN. Day traded to 14 1/2 this week and that was prior to their first auction. That happened on hype alone. << I watched Bidn today and wished I had bought it at $4 the other day. Today it went to $20 and closed at $19. But Bidn has only 6 million outstanding shares. The volume has been low but did increase somewhat today. But, for a company who had yet to sell a thing, that's not bad for getting a little nest egg!This company also is selling customer to customer(like EBAY), so it is riding on EBAY's success. You won't wee Bid.com going up like that with the low volume Bidn has had IMO. Bid.com will need a large volume and will only do that with lots of recognition in the U.S. Other Internet stocks have had about the same outstanding shares as Bid and did very well, but the market was robust and there was alot of buying going on in general. Hopefully, the company will get the word out in the U.S. by the time Nasdaq happens. As everyone has pointed out, only 10% of the stock is owned by U.S. traders. Since the markets are down now, maybe they will rebound just in time when Bid hits the Nasdaq. Now, there is a lack of direction, low volume. Maybe we will all get lucky and the market will be in a buying mode at the right time! It is actually better now that we go through this (slow) cycle now if you really think about it. Someone said that if you bought the stock on the TSE, when it is listed on the Nasdaq, you will only be able to sell your shares on the TSE. Anyone have the answer? This is important to all.