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

To: keith who wrote (13978)	3/27/1999 1:30:00 AM
From: SwampDogg	Read Replies (3) \| Respond to of 37507

Just some thoughts...IMHO of course: If we are to get news (and I am sure we will) it will probably come on Monday or Tuesday because it is a short trading week. BII will want a couple of trading days before the long weekend The only problem I can see for the stock is if it does not get a Nasdaq listing. If it does than EVERYONE I'm sure agrees that the stock will double before it even hits Nasdaq. What nobody has talked about is how much Nasdaq wants BII...it must be our Canadian inferiority at work. The major IPO dude that appears on CNBC from time to time has been talking for over a month now about the shortage of new internet issues coming to market...the demand is there and Nasdaq would love to have BII on the exchange. Put that together with new technology and great exposure and BII is a minimum triple from todays close in the next two weeks. I am really surprised that people are even bothering with Dagan. The options positions in BII have not even been that large this week and the volume in the selloff was relatively small and it was orderly. We can get frustrated but unless you are daytrading you have to stick to your guns. The risk/reward on BII is huge and losing a few dollars at close today will mean nothing when the Nasdaq announcement comes. IF YOU BELIEVE THAT THE ANNOUNCEMENT IS COMING...WHAT IS THERE TO WORRY ABOUT? As I stated earlier a selloff on Monday opening is possible as I think big players want more of the stock before a Nasdaq listing and might try to start a panic. I see the worst case scenario levels at $11.35 and then $9.95 followed by a sharp snap back. To say that it will go lower than that is absurd. I think a more likely scenario is that we get news early in the week and we are off to new highs.