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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: goldie who wrote (24323)	11/10/1999 5:24:00 AM
From: Johnny Canuck	Respond to of 70195

Hi Goldie, To be honest I just discovered that feature on the Thomson site myself yesterday. It is essentially a graphical representation of an options chain. The appears to reflect the intra-day trading on the options. The key here as with looking at options chains is to look for the most active options and for large changes in open interest. They key here is that large increases in open interest in puts can be bullish if the stocks price in falling. It means someone thinks the stocks price has bottomed for the next 20 trading days. Similarly, large increases in call open interest indicates the price action may have topped. As I have not followed the changes in open interest for calls and puts for HIFN, I don't have an opinion here. Are you alright with the fall in NN. I did not get a chance to hear the conference call on the pre-announcement myself, but it appears to be a serious series of problems as ATM sales were less than projected and that is the growth story everyone was buying. Similarly, they could not explain the shortfall in the over revenues. At this point, a buyer would be only interested in selling off the non-performing businesses and keeping the ATM technology. As Seimen owns the IP for the next generation of ATM switch, I am not sure they would be interested. Again this complicated thing for any other buyer too. Harry