Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: tom rusnak who wrote (1455)	7/13/1998 11:49:00 PM
From: Bill Wexler	Read Replies (1) of 4634

It sounds like speculation by daytraders. A large call to put ratio is a bearish indicator in the same way as a large put to call ratio is considerd a bullish indicator. Interesting to note that the last round of "major" hype surrounding Zitel (when it was trading at 8 to 9 a share, phony buyout/merger rumors surfaced), the call to put ratio skyrocketed as victims lined up to buy the June 7.5 and 10 calls...right before the stock tanked to < 4.

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