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

To: SirVinny who wrote (19044)	4/12/1999 12:13:00 AM
From: brokker	Read Replies (3) \| Respond to of 37507

Sir Vinny, would you happen to know who the analyst covering this stock is, and what firm he/she is from?

To: SirVinny who wrote (19044)	4/12/1999 12:43:00 AM
From: SirVinny	Read Replies (2) \| Respond to of 37507

Doogie, Asian Markets are recovering Just Profit Taking - That's all Sunday April 11, 9:25 pm Eastern Time HK stocks to follow Japan lower on profit-taking HONG KONG, April 12 (Reuters) - Hong Kong stocks were set for an easier start to the week on Monday, with soft Tokyo stocks likely to prompt investors to take profits after hefty gains made last week. The Hang Seng Index rose 7.6 percent last week to close at 11,914.10 on Friday. Later, the Hang Seng London Reference Index of Hong Kong stocks traded in London slipped 70.68 points or 0.59 percent to 11,843.42. Alex Wong, research manager at OSK Securities, said the Hang Seng Index could fall to 11,750 points on Monday despite an interest rate cut announced by major banks after the market closed on Friday. Banks lowered their prime lending rates by 25 basis points to 8.50 percent. ''It looks like we will see profit-taking emerge today. After the rate cut, Hong Kong stocks in London could not stretch further and also today we have seen profit-taking in Japan,'' said Wong. The Nikkei 225 average was down 119 points or 0.70 percent at 16,737 at 0120 GMT. ''Recently we have been following Japanese market movements quite closely,'' said Wong. Ben Kwong, head of research at Dharmala Securities, said Friday's rate cut had been anticipated and the market was set for a period of consolidation. With the market at lofty levels, some blue chips could be tempted to carry out share placements which would dampen sentiment, he said. ''We will see some consolidation at this stage,'' said Kwong, adding that the depth of the consolidation would depend on liquidity flows. ''It is mainly a liquidity driven market so it all depends on the fund flows. If we see turnover drop, then the upward momentum will weaken and we will see a further correction,'' he said. But the downside should be limited by the prospects of more interest rate cuts and the Hang Seng Index could try to challenge 12,000 points later this week, brokers said. ''There should be a chance for Hong Kong to break 12,000 but I don't think that we will see it today,'' said Wong. ''We will see some consolidation taking place in the initial part of this week and we will probably not be able to break 12,000 in the first few days of trading this week,'' he said. biz.yahoo.com SirVinny