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

To: SirVinny who wrote (21711)	4/17/1999 1:21:00 PM
From: Cameron	Read Replies (1) \| Respond to of 37507

"A LONG discertation on the impact of the NASDAQ listing" I agree totally... it doesn't take too much to deter one from investing in a foreign market... assuming there are lots of good opportunities locally. Maybe I am just too near sighted but I tend to focus exclusively on TSE based companies... and that already takes about 110% of my time. Forget the ASE, the VSE, NASDAQ or NYSE. I know that there are lots of opportunities there... but I haven't had much difficulty finding opportunities here. I guess if I thought all the opps here had dried up that I would expand my search but there are always lots of local opportunities. In addition to the difficulties associated with getting quotes and placing orders, which I agree with you increases risk, I think that information (or lack of) and being able to process it plays a big role here as well. When I'm on-line I always have 6 windows open... one to Greenline, one to eTrade and/or Investorline, one to Bigcharts, one to SI, one to Canada Newswire and one Misc. The Misc. one I use to do DD continuously during the day on Canadian companies (mostly TSE based). Every morning I read every line of the Globe Business Section before 9:00am. I spend a fair bit of time on weekends with other Canadian Investor/Shareholder publications to (a) identify any additional companies I want to assess and (b) judge any mood swings that might be coming up. I also update a spreadsheet of about 60 companies that I use to plan my potential strategies for the upcoming week - mostly fundamentals and pricing info. On top of that, I go perusing through the various subject threads in the Canadian section of SI and other boards during the evening. Now... imagine if I also expanded my portfolio criteria to evaluate NASDAQ and NYSE listed companies.... well I just don't personally have enough resources to do it and still be diligent enough in the DD area for my TSE based companies. As I said, if things dried up here I might change my focus but I can't see that happening. Now... that is not to say that I ignore companies who's principle business is in the USA or Europe. There are in fact a multitude of those on my "frequent review" list... it is simply that the TSE listing acts as a filter for me. I would assume that many people who trade on other exchanges do the same thing... I can't be the only one. Having said all that therefore... I believe that the NASDAQ listing will greatly expand the size of the demand pool for BII. Based on simple market forces, increased demand will equate to increased price everything else being equal - pretty basic economic theory. The critical task for Bid.com Intl. at this point is to effectively merchandise themselves to these potential new investors and I feel comfortable with what I have read/heard that they are actively going to address this. If Chris Kent's message is correct - that Q1 will be a winner - then that may be enough on its own.. Anyhow.. just a few ramblings on the subject of the NAS listing.... sorry for the long message. BII is going up, up, up!!!