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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (29481)	9/15/1999 6:35:00 PM
From: taxman	Read Replies (1) \| Respond to of 74651

"Put/Call ratio going up---a great contrarian indicator---bullish sign." thought you didn't believe in the technical stuff. regards

To: t2 who wrote (29481)	9/16/1999 8:24:00 PM
From: EepOpp	Respond to of 74651

<OT>Put/Call Ratios t2k, do you use the stats from the CBOE? They have a daily summary of the put/call stats: cboe.com just wondered if you found it to be useful. EepOpp ps. i tried using Max-Pain for a trade on YHOO once and it failed miserably. Who knows? Maybe i used it incorrectly.

To: t2 who wrote (29481)	9/16/1999 8:40:00 PM
From: John F. Dowd	Read Replies (1) \| Respond to of 74651

t2k: .81 Put/Call ratio. Bullish indeed. JFD

To: t2 who wrote (29481)	9/17/1999 7:29:00 AM
From: Logain Ablar	Read Replies (2) \| Respond to of 74651

tech2000 & thread: Has there been any leaks as to when WIN2000 will be launched? It was originally pushed back to October but except for worry (which could be FUD) about waiting till next year due to IT worrys on Y2K I haven't seen anything from Balmer and co. The road map was for the 32 bit version late this year and the 64 bit version mid next year. This is the next big fundamental piece to propell the company to the next level in revenue and earnings. It could lead the market out of the dulldrums. Thanks for any input. Tim

To: t2 who wrote (29481)	9/18/1999 2:49:00 PM
From: taxman	Respond to of 74651

"Put/Call ratio going up" Put-Call Ratios: Contrarian Indicators? Posted: 09/09/99 A rally in the market has brought the major indexes back up close to historical highs and has caused the VIX to stabilize at around the 20.0% to 25.0% range. Right now the market seems to be confidently bullish, but other indicators indicate that we may be getting a little ahead of ourselves. Every day the CBOE makes put and call volumes available for the S&P 100 index options and also for all equity options traded at the exchange. One might think that when the market is buying a greater than usual proportion of puts that stocks are set to decline and that when call buying becomes more popular than usual, the market is set to rise. However, many traders use these ratios it in the opposite way, considering them to be contrarian indicators. The contrarian concept is simple, if the entire market is bullish, then everybody is invested and all it takes is a few sellers to bring it down. Alternatively, if there are no long stock positions, then it doesn't take much to start a stock buying panic. Theoretically, this seems very logical, but there are some holes to using the put/call ratios as contrarian indicators, since they are not exact indicators of market sentiment. After all, traders may not be buying calls because the are bullish, they could be selling them because the are bearish. Moreover, there is also no time limit as to how long it takes for investors to buy back in?or sell out. Usually, these indexes are read as follows: for equities, bullish at 075 or above, neutral at 0.40 to 0.75, and bearish if it is below 0.40; for the S&P 100, bullish if it 1.5 or higher, neutral from 0.75 to 1.5, and bearish if it is below 0.75. As of Wednesday September 8th, the put/call ratio for equities was 0.49, while the ratio for the S&P 100 was 0.76. Among the most active contracts were AOL, Enron and Microsoft. As of Wednesday September 8, 1999, The Value Line Daily Options Survey was recommending options for call buying on more than 50 underlying stocks, including Dell, Hewlett-Packard, and Sun Microsystems. Selected Call Writes (a bearish strategy) were recommended on more than 80 stocks, including Monsanto, Toys R US, and Xerox. Prepared by Lance R. Ettus Assistant Options Analyst ¸ 1999 Value Line Publishing, Inc. regards