Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 95.45

+1.3%

3:59 PM EST

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To: sergiotenenbaum who wrote (77689)	8/18/2001 7:03:53 AM
From: Steve Lee	Read Replies (2) of 93625

It's worth watching becos the PC ratio can be contrarian indicator. Does the ticker on that chart cover stocks and indices? Zeev has some theories based on the stock PC being contrarian while the index PC tells us what the smart(er) money is doing. Comments Zeev? What you can see on that chart is that last ime the ratio was this high was mid March, and you know what happened to the market shortly after that. I am concerned that sentiment is more negative and maybe we get a bounce in the indices on Monday. In fact, I covered my QQQ short a few mins after the close. But I kept the MU puts cos the price and volume action on MU has "down" written all over it. Edit - and of course, yesterday was expirations day, so you can expect volatile readings on any indicator that takes options activity into account. There are others who know more on this indicator, it is not something I follow. Mishedlo looks at options indicators as well as Zeev so maybe you should ask one of those guys on the thread at this link: Subject 31940

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