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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (12914)4/22/2001 6:42:18 PM
From: Zeev Hed  Read Replies (1) of 13572
 
Boplicity, i do not see much "doubting" action at all. I was back in heavy on March 22nd (and a little earlier than that somewhat prematurely), but last week I bailed out slowly, and very heavily after the fed cut. One of my reasons is that speculators voting with their money have gone bezerk on the call side in equities options, buying 2.5 calls for every put they bought, while the "professionals" working with the indices get that ratio to roughly one. It tells me that j6p is now persuaded that it has seen the bottom, and when the equity calls activity gets stratospheric, I step aside.

Zeev
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