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

To: SirVinny who wrote (27432)	4/27/1999 9:30:00 PM
From: Land Shark	Respond to of 37507

It's more likely that it'll go from $19 to $6 than it will go from $19 to $25. So if he went long @ $19 the risk is very high and he'd probably lose a substantial amount of money. That's the logic.

To: SirVinny who wrote (27432)	4/27/1999 10:37:00 PM
From: Tom Hua	Respond to of 37507

If you are so clever and think it will hit $25, why not buy it at $19 and sell at $25, for a $6 gain. Would that not be a wiser and safer investment?? SirVinny, I didn't say I thought it would hit $25, I would have liked it better if it did. Fact is I don't know how high it will go, but I strongly believe that it will drop to single digits in the not too distant future. With that confidence in mind, I welcome all opportunites to short at higher prices. Surely I don't want to go long at $20 and be left holding the bag if the tide turns south all of a sudden. I shorted in the low 20s today. If it goes south tomorrow, that's fine with me. If it heads north, I'll be just as pleased. I'm not done shorting it. The higher the better. GO BIDS!!! Regards, Tom Regards, Tom