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


To: Denise D who wrote (10747)3/3/1999 4:55:00 PM
From: Sili Investor  Read Replies (1) | Respond to of 37507
 
>>>And I don't need reminding about ALFN, I'd take a PR that does "squat" than results in "sell on news" that goes on for a week or more. ALFN doesn't even come close to BII.<<<

Very excellent point Denise. The old market saying, "buy on rumor, sell on news" only works if in fact others are buying on news. A good indication of a stock's strength is the amount of selling that occurs after a PR. If it tanks, then you have a dud company that was hyped. If it's stable, then most are holding and have belief in management. If it moves up, then it is because most are holding and even more want to hold.

The press releases by BII were released to keep investors informed. What else are press releases for? It's not for the customers, thats what advertising is supposed to achieve.

BTW, I hope you had a chance to purchase some BIT. Looks like it will continue its slow rise up because most shareholders are holding. I continue to like it primarily cause it makes money and is also internet based.



To: Denise D who wrote (10747)3/3/1999 6:51:00 PM
From: Rich Investor  Read Replies (2) | Respond to of 37507
 
>>And I don't need reminding about ALFN, I'd take a PR that does "sqaut" than results in "sell on news" that goes on for a week or more<<

LOL

I know that you nevered play the BB game before Denise, and therefore I can see the point of your comments. Inexperienced at this game obviously. I mean we win some and lose some on BB's, but the fact is that depending on your position in these kinds of stocks, the appreciation on them would probably meet or exceed the appreciation of BII thus far in half the time or less. If you can't handle the heat, then you best get out of the kitchen as they say.
OTC is not for the weak of heart as you know.

Regarding your comments about BIDN, I agree that greater accessibility by U.S. daytraders makes a difference, but who's to say its any more "blatantly overvalued" than EBAY, AMZN or the rest right? One could even argue that BII is currently overvalued.

>>more than likely tank just as fast as it rose, never to see the sun again<<

LOL I find that comment of yours interesting to say the least. I bet that if you bought into BIDN around $2 U.S. and sold around $15 or $20 U.S. you'd be laughing all the way to the bank like the rest without one harsh word to say about the co. or the person that made the recommendation. Try not to let one bitter experience (ALFN) stand in the way of your making some serious cash versus watching .5 or.10 cent increases/decreases in other speculative stocks such as BII.