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

To: Lucky Guy who wrote (18581)	4/9/1999 10:46:00 PM
From: Ruyi	Read Replies (4) \| Respond to of 37507

BUY more buy on Margin leverage to the Max.

To: Lucky Guy who wrote (18581)	4/9/1999 11:28:00 PM
From: Crazy Canuck	Respond to of 37507

>> I purchased at average cost of $1.81<< And you are asking me for advice!! LOLOL The best thing that I can suggest is to sit quietly and think out what return would make you happy with this (or any other) stock. If you would be happy with a $20 price, then set your stop loss there. If it is $27.50, then set it there. You should be aware that in the case of a fast correction your stop becomes a market order and you may be filled lower. I spoke with someone today who set their stop at just over $30 and they were very happy. They cashed out and are looking to other things. Now, whatever you set as your target price, don't look back! I have my stops in place. So, always remember that there is a chance that they will get hit. If they do, be happy, in that you just made a killer return on your investment. If the stop is not taken out, and it goes higher (which I am expecting), then be very happy because you can then consider that a windfall profit. Now you can also attempt to protect your position with a bit of insurance such by purchasing Puts. This way, if the share price falls, the Put value will rise to offset the drop. The only cost to you is the cost of the Put. Consider it the same as paying an insurance premium. Now if the stock rises, the Put value drops too. I am sure that Dagan will be more than happy to explain how that works - LOLOL. Bottom line, is don't get greedy, do your homework, set your targets, know that there will be volality next week and especially when BIDS is on NASDAQ. This volatility is an opportunity for major firms to pick up some cheaper shares before the run really gets under way. After doing some or all of the above, then sit back and watch the fun. But above all, don't be swayed by anyone else as to what to do! This is your hard earned money, and you have to stay in control! Enjoy the ride, and Good Luck with your investments! Crazy Canuk P.S. Remember, listen to what I say, and not what I do! LOLOL See you at the party!