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

To: Dave Kiernan who wrote (16229)4/2/1999 4:13:00 PM
From: MIghty KC  Read Replies (1) | Respond to of 37507
 
Let's see now. Falling from the 50's to the 30's? Hmmm? Oh wait, I bought in the 6's!!!! 30-6=26 ! Well I suppose I can live with that! HAHAHAHAHAHAHA! IMHO



To: Dave Kiernan who wrote (16229)4/3/1999 12:26:00 AM
From: WhatsUpWithThat  Respond to of 37507
 
If UBID was an IPO - which I assume - rather than an existing public stock simply now being sold on a senior exchange (NASDAQ), it undoubtedly followed most Internet IPO's : hype before it hits, huge jump on its first day, drop (sometimes pretty dramatically) in the next few days, and then its on its own. UBID climbed HUGELY to 140 over the next ten days or so, and has since dropped back to a mere $63.

YMMV, however: I'm interested in trying to figure out how different it is for a CDN Internet stock to start trading on the NASDAQ, compared to an actual IPO. IPO's are well hyped and broadly anticipated in advance, they're released at artificially low levels (everyone *wants* to see that meteroic rise), and as someone just pointed out it drops a big chunk of change into the company which is included in any valuation.

As to BII/BIDS (?), it has a decent cash position though not immense, it has had a lot of attention, and its current stock level is within the bounds of most Internet IPOs. Will it react like a standard Internet IPO? Dunno. I shuuuuurrrre hope so, though.

Any comments?

WUWT



To: Dave Kiernan who wrote (16229)4/3/1999 9:21:00 AM
From: RG  Respond to of 37507
 
>>>>UBID fell from 50s to 30s during the first 5 days trading on NASDAQ. It will be interesting to see how BIDS rocks or rolls.

Dave,
You didn't finish the story. And then..........................
UBID's stock went up to $175 and slowly over the next couple of months settled into a more comfortable trading range of $60-$80, where it is now.


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