Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: ajtj99 who wrote (60137)	5/2/2002 5:41:17 PM
From: mishedlo	Read Replies (2) of 99280

The daily stick today is an indicator of a local bottom that should hold for the next several days OOPS Max pain slipped another half notch today in spite of very very heavy put buying. Not quite sure how. We back to 33 32 34 with not much to choose but 32 replace 34 as second choice Now look at CSCO - out of the blue (although I do not see it on daily volume) and additional 30K strike 15 calls were bought, which makes it increasing unlikely that CSCO can get to 15 by expiry. figures are approx 80K vs 47K I bet we see more and more CSCO optimism as we approach CSCO report date. THERE IS NO FLOOR ON CSCO if max pain does not hold at 15. Got your crash helmut on? M

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