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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: mishedlo who wrote (142705)1/10/2002 4:32:18 AM
From: sun-tzu  Read Replies (1) of 436258
 
i subscribe to the KISS principle...keep it simple stupid. as such, for me it is a mistake to focus on equity call #'s and max pain. i follow total put/call values and right now it is .78 which is relatively bullish.

i find max/pain works best on individual equities and only in the peri-option expiration period. also, the options must be heavily traded for it to have predictive value.

the VIX is range bound at 24. if it moves through that it could trade to 26. the market does look tired here but everyone is expecting a pullback/failure here. that makes me very wary.

as far as AMZN, i have been saying this since it was in the 9's. it's a crowded trade with a 45% short interest and greater than 100% institutional holdings. i would not short this stck, especially with EBAY earnings next week and AMZN earnings the following week. AMZN is on a classic earning's run.

FD...i am still long AMZN with no intention of selling at this point so y'all can take that rant at face value.
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