Ezenia! (VSVR) Message Board

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Technology Stocks : Ezenia! (VSVR)

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To: John A. Young who wrote (388)	6/19/1997 11:49:00 AM
From: General Crude	of 890

It seems to me that PCTL is acting better than VSVR at the moment. VSVR is to report earnings in the week of July 7 and PCTL a week or two later. I am now getting interested with regard to the arguements concerning puts versus calls after looking at the VSVR 12.5 calls and puts and the PCTL 12.5 calls and puts. Lombard reports the following open interest: July 12.5 Calls July 12.5 puts PCTL 867 contracts 242 contracts VSVR 26 contracts 363 contracts It is my understanding that normally call contracts (outstanding) generally run well ahead of put contacts. Seems like overall market ratio is normally 2+/1 in favor of calls, but I am not sure about that. Clearly, investors/speculators are viewing PCTL differently than VSVR per above July options. Any comments? PCTL is a much larger company so maybe people feel better about PCTL. PCTL dragged VSVR down last year and ealier this year. Maybe PCTL will pull VSVR up later this year. Anyway, good luck to all. Discussion has been a little heated lately, but we should all remember that debate is healthy even if we don't always appreciate the opposing view. Good luck to all. Doug

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