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Technology Stocks : ADTRAN !?!
ADTN 8.355-0.5%11:48 AM EST
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To: Jan Crawley who wrote (661)2/17/1998 12:44:00 PM
From: TelecosmFan  Read Replies (1) of 766
 
Jan:

The open call interest at the Feb 35 strike price is nearly 7 times more than the put open interest. As a contrarian thinker this may provide significant overhead resistance.

Therefore I feel Adtran is still a short.

Ed
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