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


To: F. Evans who wrote (20563)4/14/1999 10:23:00 PM
From: Boolish  Respond to of 37507
 
THanks Frank....nice digging. eom



To: F. Evans who wrote (20563)4/14/1999 10:27:00 PM
From: Ruyi  Read Replies (3) | Respond to of 37507
 
Not such great comments !!!! What is the IF all about didn't he read this thread ??.

""obviously not as attractive as it once was"" ""the stock could still be worth a look, especially if it does get approval to trade on Nasdaq ""



To: F. Evans who wrote (20563)4/14/1999 10:34:00 PM
From: Serge Ladouceur  Read Replies (1) | Respond to of 37507
 
Here's the excerpt regarding BID.COM in Wall Street Journal Smart Money:
"(...)
Don't get the wrong impression about Canadian Internet stocks. There are actually quite a few legitimate Canadian Internet plays and we devoted today's screen to looking at some of the more interesting ones.
The most well known Canadian Internet stocks are Bid.com and Toronto Dominion (TD). Bid.com, an online auctioneer that we wrote about in our eBay wannabes screen last month, is up more than 350% since the beginning of March. The stock's unbelievable ascent has been fueled by hopes of an imminent listing on Nasdaq in the U.S. Bid.com applied for a Nasdaq listing in February. Because of the runup, this stock is obviously not as attractive as it once was, but keep in mind that you could have said the same thing this time last year about Amazon.com (AMZN) or America Online (AOL). So the stock could still be worth a look, especially if it does get approval to trade on Nasdaq. (...)"



To: F. Evans who wrote (20563)4/14/1999 10:44:00 PM
From: Stallion  Read Replies (2) | Respond to of 37507
 
NASDAQ LISTING NOT FULLY DISCOUNTED IN STOCK PRICE!

Thanks for the research. From what I understood, the article said the stock was worth looking at, especially is gaining a NASDAQ listing.

I have heard that BII must announce NASDAQ approval within 24-48 upon receipt. NASDAQ has changed the symbol's ownership which shall be effective tomorrow - This is a fact as I already called NASDAQ personally. The lady did not reveal when or if Bid.Com will be trading but she did tell me that effective tomorrow, it will own the symbol BIDS. Theoretically, trading could begin tomorrow.

Realistically, as BII will be added to the TSE 300 effective Friday morning, the company will likely wait until tomorrow's close until making a press release. Perhaps a courtesy to boost Canada's index's and augment our markets.

Opening Price. Well, the Smartmoney article seemed bullish and hinted that people have not already fully discounted the NASDAQ listing in the current price. Today's stable prices in light of the 3% NASDAQ drop also substantiates this point.

Any Comments would be appreciated.

Regards

Stallion



To: F. Evans who wrote (20563)4/15/1999 7:29:00 AM
From: James W  Read Replies (2) | Respond to of 37507
 
looks lower this morning.