Saturday, November 24, 2007

BIDZ

While going over charts I found BIDZ trading near highs. The stock already doubled from $10 in Sept. to its current price of 19.94. I went to check out the company info and found out that it is an online auction site of jewelry, watches and art. They have an interesting auction format that shows live changing prices. It almost look like a trading screen and I was drawn to the flickering prices for a few minutes. It will be interesting to follow the stock's development.

www.biz.com

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3 comments:

wincity said...

It went into IBD last week at #2 and was pumped a couple of times by IBD. The move is entirely hot traders trading. You might make fast money or you might end up holding the bags. Just be careful.

10:56 AM
OBAT said...

I don't follow IBD and did not know that. Thanks for the heads up.

8:25 PM
Anonymous said...

I know you're a trader, not investor, still check out the article at CITRON.COM about BIDZ

8:47 PM

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About Me

I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year. My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets. In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.