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

To: Sili Investor who wrote (10880)	3/5/1999 5:36:00 PM
From: Moneysmith	Read Replies (2) \| Respond to of 37507

The longer this stock sits there while EBAY hits record highs the longer it will be before any substantive gains will accrue NASDAQ listing notwithstanding. The contrast between the two is disturbing; BII should be at $20 right now but it isn't.

To: Sili Investor who wrote (10880)	3/5/1999 5:46:00 PM
From: Rich Investor	Respond to of 37507

Sili, I appreciate your opinion really. I've traded OTC's for nearly three years now (in a serious way) and I can tell you that the exchange has a pitiful reputation where the companies that trade there aren't taken seriously because of their lack of exposure and some shady dealings. Its all part and parcel of the manipulation that goes on there, but I know of many stocks that should have made $5 based on solid news and good fundamentals, but suffered at the hands of the MM's and daytraders. You are correct Sili in suggesting that daytrading can play a serious role in share price appreciation/depreciation, but that kind of momentum on an OTC cannot be sustained without a good reason. A stock that goes from 1 3/8 to $20 is a RARE, and I mean RARE, occurrence over there. Time will tell where it goes long term, but if this was a true P&D, I think we would have seen a spike to $10 and a crash back down. Not a continued rise in share price. Different story if it was NASDAQ listing of course. All of this is in my opinion, and based on my experiences over there. There's lots of I-net plays on the OTC Sili. As they say, if you miss one train, another will be along very shortly. They come a dime a dozen. But for the most, they rise from a -$1 to $3 or $4 and then come back down. That's how daytraders normally play OTCs that are perceived as having no future. This is different.