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

To: Spunky Beaver who wrote (6004)	1/14/1999 10:31:00 AM
From: Mr. Fortune	Read Replies (2) \| Respond to of 37507

Can I get someones expert opinion on how low BII will go this morning, before rebounding?

To: Spunky Beaver who wrote (6004)	1/14/1999 10:37:00 AM
From: waldo	Respond to of 37507

Info on the Volatility Index: (EDIT: from Steven John Kaplan) The volatility index or VIX, a measure of implied volatilities for U.S. stock index options which demonstrates complacency vs. fear in the market, rose 1.58 to 31.26. Its intraday high was 35.48 and its intraday low was 29.55. On Wednesday, December 23, 1998, the VIX closed at 19.34, its lowest reading since July 21, 1998, which was the day immediately following the summer market top. When the VIX is below 20 after having touched 60 as recently as October, this is an automatic buy signal for index puts. Investors are thoroughly drunk, having apparently forgotten not only historic events, but the events of late summer 1998, not to mention that the worldwide recession is spreading and, more importantly, worldwide and domestic corporate profits are accelerating their decline. On Thursday, October 8, 1998, the VIX hit an historic high of 60.63, its highest point since the October 1987 stock market crash. On Monday, July 20, 1998, the VIX hit an intraday low of 16.73, its lowest level since November 25, 1996, with most stock market indices at all-time highs. This demonstrated a shocking level of investor complacency typical of a major market top, and confirms the diagnosis that we are in a primary bear market. W