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


To: Pluvia who wrote (28543)4/29/1999 9:43:00 AM
From: drlwilliams  Read Replies (1) | Respond to of 37507
 
Market dropping but bids is coming back--now 16 up from 14.5 . PTL



To: Pluvia who wrote (28543)4/29/1999 10:02:00 AM
From: NTT  Read Replies (2) | Respond to of 37507
 
None of the canadian investors own this stock on Margin any longer as far as I know. All of the major brokerages pulled margins on BII because of its volatility and already called in all loans last week.

I hope US investors are a bit more savvy and aren't investing in internet stocks on margin (not to mention many brokerages there have also reduced or removed the ability to margin these stocks).

As such, I see little downside from margin calls. Stop losses are a different story, but again most people have stopped putting those in because of the massive swings this stock takes. People learn from expensive mistakes.

So two of your biggest allies (margin calls and stop losses) have been neutralized.

RT: $24.75 now. Given the severe drop in all the other net stocks, this one is showing unbelievable resiliency.