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

To: Steelguy who wrote (10893)	3/5/1999 11:07:00 PM
From: Boolish	Read Replies (3) \| Respond to of 37507

"Whenever you get an environment where it SEEMS like there is EASY money to be made......or perhaps there is NO RISK, that is a time not to be long on the stock." Find this statement humorously hypocritical after reading some of your posts on BIT. Don't know about you but besides highly speculative stocks I really kind of like this environment.

To: Steelguy who wrote (10893)	3/5/1999 11:29:00 PM
From: Ruyi	Read Replies (3) \| Respond to of 37507

The trading is an accumulation by several houses IMO. The price range is very tight for two reasons ,one to get Nasdaq listing approvals (stability) and secondly drive out day traders, so as to avoid volatility and any drops below the $6.00 range . I have seen this many times with small TSE or VSE style stocks. Most of the heavy volumes in Dec, thru Feb were due to the the placing of the warrants as they were exercised .I guess you could call recent trading a long squeeze of sorts. Remember it is not in the best interests of the longs to squeeze the shorts at this time . If shorts saw any volatility to the upside, bang they cover . Shorts are what will ignite this stock at the right time.I don't know but I would suspect the average short price is in this price range or slightly higher.

To: Steelguy who wrote (10893)	3/5/1999 11:49:00 PM
From: Sili Investor	Read Replies (1) \| Respond to of 37507

SG, I, too, agree that with more risk comes the potential of more reward. What I don't understand is that there is still alot of risk in this stock. IF BII didn't get NASDAQ, or it ended up trading OTC-BB, then a decline is quite likely, so therefore, there is still risk in this stock. On the other hand, one could argue that those that wish to take the risk have already jumped in, those that have jumped in are holding, and the volume now represents small players getting in and out as well the churning to keep it stable. As well, stock playing is all psychological. Many are feeling the heat, getting out of the kitchen and wait on the sidelines for an indication, one way or the other. There is no such thing as easy money, but you would have to admit the best way to make money is buy when people are selling (as long as there are reasons to believe it is a short term bear), and sell when people are buying (unless you believe it's a long term bull). So what is happening now.....everyone waits, the small players get nervous and cash and the small players not in don't have the capability to move the price. Just my thoughts.

To: Steelguy who wrote (10893)	3/6/1999 5:04:00 PM
From: Denise D	Read Replies (3) \| Respond to of 37507

Steelguy, After reading your post, and everyone's replies, I can take comfort that I am not alone in my thinking that the lack of volatility and small ups and downs is – as I've said before – the result of most longs and few shorts (with the guts) holding for The Day. IMO this stock has done tremendously well thus far. For the following less-than-technical analysis, I am using data from 19-Nov-1998, as this was when the 5.7 million special warrants were issued, to Present. When you realize that its first big High since Nov 19 was to $6 on Nov 30 (up 71% from $3.50), then to $7.70 on Jan 11 (up 120%), and to $9.90 the following day (up 183%) – it has fallen back only one-third. Since the day following the PR about the Nasdaq application, the Close has been between $6.05 and $6.50, still up between 154% and 173% above the close on Nov 19 of $2.38. Personally, I got antsy about BII a day or two after it spiked to $9.90 and was sitting in the mid-7s, and up until the Nasdaq application, I had watched wondering the same things you have. Now that the price has somewhat stabilized, I am feeling much more at ease. Like Sili, I believe this is in preparation for a listing. Whoever is responsible, is keeping the volatility down and the day-traders out. I believe that although the volume has dropped significantly in the past two weeks, it is acting more like a Canadian-listed stock. Unlike others, I am not in Bid.Com for a quick buck. There are other plays I get into for that, and even then not a two-day turnaround (unless, of course, it is a no-brainer – few and far between IMO). I don't have enough time to watch stocks for that kind of stuff. I like to analyze a stock, trade opinions on the viability of the business plans, industry, etc., and learn about the TA. This is what I am good at, and what I enjoy. Few stocks do this for me. Bid.Com does. I also believe that it is unfair to compare BII with any U.S.-listed on-line auction sites, or similar stocks, as it has so far acted independently of action on the Nasdaq, whether it is NM or OTC-BB. I think any coincidences have been just that. It remains to be seen whether, once listed, it will be received in the same way as eBay, uBid, et al. So, to give my opinion: BII is still solid at this time. Obviously the market may feel differently from day-to-day, but what is unchanged is that Bid.Com has some strong plans, good management, strategic alliances and realistic expectations. All it needs is exposure – the U.S. kind; which leads me to the Big Day. If so many believed Bid.Com's chances had decreased that much, would it not have fallen back to the $3 mark? Can I assume that most longs are like me? I've already mentioned in an earlier post that I believe most of the shorters are out at this time and surely the day-traders are no longer attracted to this stock. If all this is true, then we are all waiting and hoping. I must admit at this point that I only have a small position in this stock. Probably chicken feed to a lot of you – LOL. For me, however, I am still learning and have only limited funds to play with for now. We all have to start somewhere, and I've gained an enormous amount of knowledge from this thread (few threads offer this kind of wide-range analysis). Regards, Denise. PS. I am sorry if I have rambled on and my comments are a regurgitation of what already has been said, but it is my opinion, FWIW.