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

To: Rich Investor who wrote (10878)	3/5/1999 5:22:00 PM
From: Sili Investor	Read Replies (2) \| Respond to of 37507

>>>I am sorry, but there is more going on here than just daytrading momentum and MM manipulation. Sure there is concern about lack of financials, but if there was widespread concern that it was a scam, then BIDN would have tanked to its 52-week low a long time ago.<<< Kris, I cannot agree with you there. You do not need institutional support to achieve $14 on an internet stock with only 3M shares outstanding. All you need are some daytraders and MMs who have made millions trading EBAY, AMZN, etc. to look for and start playing another internet stock. As you say, with only 3M shares outstanding, it wouldn't be hard to daytrade this one up to $100+ if it looks like it has potential. I think you underestimate the power of the US daytrading community, especially when it comes to internet plays. Just my opinion.

To: Rich Investor who wrote (10878)	3/5/1999 5:42:00 PM
From: Crazy Canuck	Read Replies (1) \| Respond to of 37507

I didn't say that BIDN was a scam. I just said that it is not a real company yet. I have invested (actually I think the term is speculated) on a number of concepts before. Most of which are dead now. I try real hard to not get sucked into the whirlwind that a concept can create. I now try to invest in real companies. As I said, when they make that jump, then let's talk. For those who do get in and make money - my best wishes go with them, and for those that do, and lose their hard earned (after taxed $'s) then I feel sorry for them. You can get real tired chasing a rainbow. Crazy Canuk

To: Rich Investor who wrote (10878)	3/6/1999 9:01:00 AM
From: RG	Read Replies (1) \| Respond to of 37507

>>>> I am serious about what I said about BIDN. You tell me how a BB stock can achieve those kinds of valuations without institutional support. Or at least some serious investors getting on board to maintain the share price at current levels.<<<<< Kris, From what I know about BB stocks, mutual fund holders are not allowed to buy them in the U.S. So, given the small share float and small volume on this stock, would it not be correct in assuming daytraders are responsible for the movement on this stock? IMO, as humble as it might be, I think it was a good idea for this company to list on the BB exchange to raise money before the business opens and to help them get on the Nasdaq. I have heard they are applying for a Nasdaq listing, but have no more info to confirm this. Only time will tell as to the success of their business as they have yet to sell the first thing. I say, good luck to any company and the people who believe in them.