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Technology Stocks : Bid.Com International Inc. [NASDAQ: BIDS] -- Ignore unavailable to you. Want to Upgrade?


To: wpckr who wrote (77)4/27/1999 3:07:00 AM
From: SirVinny  Read Replies (2) | Respond to of 339
 
Hi wpckr

Where is the link to the so called "underperform" rating?

The Underperform rating was given by analyst Mark Pavan of Yorkton Securities. In his report, this ANALyst suggested that BIDS was worth no more than $2-$3.

Now, before you panic there are a few things you should know.Yorkton was the underwriter of the shares issued by BII at the TSE. They sold their shares at the peak. They released the report after selling all their shares. The report contributed to the stocks decline last week. However, after the stock dropped, Yorkton repurchased thousands of shares.. News sources reported one lot sale of 108,700 shares at $9.03.

This raised the suspicion of many. Why would Yorkton pay $9.03 for shares which they claim are worth only $2-$3.

Several complaints of stock Manipulation have been made. Hopefully there will be an investigation.

SirVinny

stockhouse.com