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


To: randy kay who wrote (23449)4/21/1999 10:27:00 AM
From: NTT  Read Replies (2) | Respond to of 37507
 
The positive thing is that there is still alot of US daytrading going on. Volume is keeping pace with TSE at 2.3M on Nas, 2.4M on TSE. The symbol is getting ingrained into US traders heads ;)



To: randy kay who wrote (23449)4/21/1999 10:35:00 AM
From: Lola  Read Replies (3) | Respond to of 37507
 
Perhaps I should explain what I said a little more. By the way, I still insist Canadians are different from Americans. You won't find too many high flying Internets on the Canadian stock exchanges.

Bid.com took off on the TSE because it received coverage by a major American newsletter called Market Digest about a month ago. The volume went up like mad and the price went out of control. You see that happens because the Canadian population is only one tenth of the American population. Also the fact that most Americans don't seem to understand how to work out the exchange difference and the fact that we do not have a market maker system. This lack of understanding of how Canadian exchanges work, leads to an overinflated stock price.

I love buying Canadian stocks that are featured in American newsletters because I know the stock price is going to go nuts no matter what. But when the stock hits a US exchange it's a totally different story. Sorry for those that bought high but that's the way it goes. Understand what I just explained and you won't get screwed like this again.

Lola