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


To: ysell who wrote (23773)4/21/1999 4:35:00 PM
From: NTT  Read Replies (1) | Respond to of 37507
 
>>> don't think your information is reliable, unfortunately. I just called Goldman's research department, spoke with a women in the internet group, and she said that they don't cover that company (Bids).
Please verify with your "sources". Number to GS is 212-902-1000. <<<

Thanks for following up on that. I'm also looking further into this. I know they aren't currently covering BIDS, but the source tells me that they will initiate coverage very soon. That's why I posted this just after close. I'd like to find out more on this. If anyone has any industry sources, especially at Goldman, that's where we might be able to get some proper verification.

As far as volume goes, yes it's unbelievable. I would never have expected this kind of volume on the first few days of trading on Nasdaq. Then again, I wasn't expecting the interview on CNBC either. You can never discount the CNBC effect ;) If they had boosted this stock on there rather than being negative, you can bet this would be sitting at US$50 rather than US$9. Quite scary when you think about it.