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

To: Lucky Guy who wrote (18693)	4/10/1999 11:46:00 AM
From: Denise D	Respond to of 37507

Lucky! Gawd you ask the tough questions! Based on lack of news, we could still be in correction, my indicators do not show with any reliability yet that we will go up or will go down. Add my gut to the mix and it just gets worse from there. I will say that the indicators are showing it is more likely to go back up, though, but these are just early signals. When they say trend is your friend...! This is true, but yesterday's action would be in line with our current uptrend, so I would not anticipate a sell-off. Retracements are part of any trending stock. When you say sell-offs in the morning and rally at the close, that is a habit of this stock and not a trend in the murky world of TA. The lowest support level, as I said, would be the high in the last run-up, or $17.50. There might be higher support levels, but I don't know what they are. I would doubt there would be a sell-off based on Compaq news. As stated in an earlier post, Compaq is hardware and Bid.Com is an Internet play. More likely Dell and other PC manufacturers might fall in sympathy. Unfortunately I have no money in BIT and do not follow it. Furthermore, I am hesitant to make comments on BIT's charts as I do not have a financial interest in it. That may sound ridiculous - that the opposite should be true, perhaps I can't explain why I don't want to put myself out there esp. when I am just learning TA and I don't have a position. Glad I could help! Remember that you must make your own moves. Denise.