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

To: Margaret Mateer who wrote (13996)	3/27/1999 8:21:00 AM
From: waldo	Respond to of 37507

From the Globe: >>Bid.Com Bid.Com Int'l (BII-TSE) Saturday, March 27, 1999 Staff and wires $13.90, up $1.05 Oh, the wonders of hindsight. Five months ago, Bid.Com could have been picked up for 56 cents but few investors were keen about an Internet auction house. Today, Bid.Com is being regarded as the Ebay Inc. of Canada and the stock posted a huge gain yesterday for the fifth consecutive session. It hit an intraday high of $17.60 as visions of bidding wars for the company, and quick profits, engulfed investors. Mississauga-based Bid.Com did say it has started selling a talking Michael Jordan trading card. A far more plausible explanation, however, is speculation that San Jose, Calif.-based Ebay may buy Bid.Com to get into the business-to-business auction market. The fact that Bid.Com executives were mysteriously quiet only added to the intrigue.<< W

To: Margaret Mateer who wrote (13996)	3/27/1999 8:31:00 AM
From: waldo	Read Replies (3) \| Respond to of 37507

>>The stock was so hot on Thursday that for about 30 minutes in the afternoon there were no sellers. There was some talk that short sellers were being squeezed this week, resulting in the share price surge. << >>The rumours also have found their way back to the U.S. Business Week yesterday carried a Bloomberg story on its website about Bid.Com's stock price movement.<< Stock in Bid.Com International Inc. (BII/TSE), on Monday already worth more than 10 times the 56¢ a share it was trading at in October, climbed more than 115% in five sessions this week. It closed yesterday up $1.05, or 8.2%, at $13.90 after touching a high of $17.60. It was the most heavily traded issue on TSE. The stock was so hot on Thursday that for about 30 minutes in the afternoon there were no sellers. There was some talk that short sellers were being squeezed this week, resulting in the share price surge. As of March 15, there were 1.3 million short positions in Bid.Com, up 70,672 from two weeks earlier. Short sellers borrow stock with a hope of buying it later at a lower prices and the returning the security. nationalpost.com W