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

To: RDR who wrote (14299)	3/29/1999 9:15:00 AM
From: Muwamba	Respond to of 37507

L8test BII NEWS-Good norming all... Bid.Com fourth most active conference Bid.Com International Inc BII Shares issued 38,963,434 Mar 26 close $13.90 Mon 29 Mar 99 Week ended March 26th by Stockwatch business reporter Bid.Com was last reviewed in Forum Watch for the week ended Jan. 15. On Jan. 20, the company announced that it had entered into a joint venture with American Interactive Media to create "the next generation of shopping channels" based on Bid.Com's auction technology. On Jan. 26, Bid.Com announced an agreement with 24/7 Media, an on-line advertising and direct marketing company which will sell advertising on Bid.Com's website. The company announced that it had filed an application for a Nasdaq listing on February 16. With the stock trading at $6.45, Bid.Com released its fourth quarter results on March 10 showing a loss of $5.8-million on revenue of $6.4-million. The loss for the year was $18.7-million. The company has frequently been in the news since the last review here, primarily because of trading volume and price swings. In early February, Taurus Capital Markets analyst Adam Adamou was still bearish on the stock, picking it as a top sell when it was trading at $6.30. In recent days the company has been the subject of much media coverage as its price soared, reaching an intra-day high of $17.60 on Friday. Commenting on what was perceived as a rather unimpressive performance at the close of the previous week, Yun wrote: "Trades are getting smaller and smaller, not a good sign. Today's volume 665K/1210 trades. Seems to me, the heavy hitters are waiting for lower entry point but the "sheep" are holding on, for now. Should be interesting who will win this battle of nerves." After the close on Monday, Marc wrote: "How's that for getting perky rather quickly?...Technically, we soaked up short-term supply at $6.50, broke through resistance level $6.65, took out $7.25 resistance and pierced through $7.80 resistance rather conclusively on an intra-day basis...I am very bullish and happy." Bullish and happy seemed to be the market mood as well. Scott joined in with more optimism: "Yes, the indicators say that we will gap up tomorrow, if it moves beyond the $9.00 mark we will see new highs! (9.90- 10.25) I think there is something brewing in the back rooms to create this run or it was just time!" Rebel was also enthusiastic but Yun, who subsequently sold his position noted: "Guys, we sound like choir boys, that worries me." When Rebel suggested that he had sold too soon, Yun countered: "As the saying goes, in the stock market everybody makes money but pigs, they get slaughtered!" By Wednesday, Ziggy was suggesting that it was time to short, but Adchan questioned the advisability of shorting a potential Nasdaq listing and Zeusdog claimed that the stock had much more room to move up. By the end of the week, with rumours of a possible buyout by eBay and heavy volume, the bulls clearly had the edge. After reaching an intra-day high of $17.60 on Friday, Bid.Com finished the week at $13.90. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com AND ALSO>>>>>