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Non-Tech : The Critical Investing Workshop

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To: Cosmo Daisey who wrote (7281)3/13/2000 8:40:00 PM
From: Jim Willie CB  Read Replies (2) of 35685
 
check out this post, bullish put/call ration contraindicator

Message 13188953

on Poet's options for G&K, got front billing for SI Board

Nasdaq index option puts outnumber calls by over 7:1
this is extremely bullish in contraindicator fashion
the reasoning is that at extreme levels, the final gamblers roll with dice when the game is largely done

they are usually wrong, being the last players to the table
despite NazComp's down move today, I think we cleaned some riffraff out, and are ready to gather positive momentum again

/ Jim
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