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

To: Crazy Canuck who wrote (10882)	3/5/1999 5:52:00 PM
From: Rich Investor	Respond to of 37507

CC, Good points. As I said, time will indeed tell us where BIDN goes. As for investing in dead concepts. Well, what can I say? The OTC is a place to make a fast buck and nothing else. I don't believe in long-term OTC investing because too much can go wrong, despite the company's legitimacy or business plan. I take a recent stock (MRPS) I bought into last week at 0.62/U.S. (25,000 shares) and sold out at $2.50 last Friday. I took a $73,000 CDN profit out of that deal and that's all that matters to me. Those are the kinds of returns I like to see, even if it is a P&D or scam. Who cares? The point is that my bank account is fatter as a result. Of course I've lost on some deals as well, but that goes with the territory CC. Spec deals are just that. SPEC DEALS. You have to realize that 9 times of 10, it'll probably fall apart, but if you can make some serious coin on the momentum ride, well........ If I want a long-term investment, I'll stick to mutual funds, blue chips and GIC's for the security they provide.