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


To: F. Evans who wrote (24712)4/22/1999 11:15:00 PM
From: Crazy Canuck  Respond to of 37507
 
>>The biggest open interest position right now on BII is on the May 32.50 Calls with 1,328 open interests and 1,198 contracts traded today.<<

Frank,

I already have some of those. Although in hind sight, I did pay a nice premium to purchase them awhile back - LOL. However, that said, I still fully expect to see a significant profit on this purchase.

By the way, I also have July 10 calls, and July 17.50 calls. The profits I expect to make on these will make the money many of the shorts just made these last two days look like pocket change.

By the way, I commend you on the job you are doing combating the siege that has taken place over the past few days. Keep up the good work Frank!

Crazy Canuk



To: F. Evans who wrote (24712)4/22/1999 11:33:00 PM
From: Lola  Read Replies (2) | Respond to of 37507
 
A must read for all Canadians. Here's the Welcome to the Nasdaq handbook folks. Read everything in it carefully, it will save you oodles of dollars.

The Nasdaq doesn't work like a proper computerized trading system. The Nasdaq has it's own rules. The rules are there are no rules and it's every man for himself. Except there are too many men in the transaction which makes investing all the more difficult. There's the buyers, the sellers, the shorts and the blank holes.

Now I know when they ask Peter Lynch which direction the market is going he says, "I don't know, I really don't know". LOL

Here's some links to good articles about market manipulation, shorts using message boards, etc, etc. I know you're used to just investing in good companies, but here the game is completely different.

Pre-market traps
cybercorp.com

Internet Fraud: How to avoid Internet investment scams
sec.gov

Heavily Shorted VS Normal Market Bid/Ask machinations
dimgroup.com

Shorts and the use of Message Boards
dimgroup.com

Ways of a MM (Market Maker)
dimgroup.com

Fun and games on the Nasdaq (Forbes article)
forbes.com

Market Makers: what they do and how they do it
Message 8317341

Lola:)