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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Lost1 who wrote (20038)2/25/2000 11:08:00 PM
From: Peach  Respond to of 63513
 
Thanks for catching me up on iARC. My brother owns some at 24 from years ago. It looks like soon I won't have to feel guilty about getting him into it way back when. <g>

Re Curras - sounds like a plan! LOL!



To: Lost1 who wrote (20038)2/26/2000 3:54:00 AM
From: Jorj X Mckie  Read Replies (3) | Respond to of 63513
 
Hey buddy,
Getting kinda spooky out there....almost...dare I say it? Bearish.

Lots of talk about the put/call ratio being the lowest that we have seen in years indicating that the bear is about to devour us. I searched the CBOE site for the p/c ratio but could not find anything. So I just took a peek at the oi for the spx and oex. It certainly didn't look like there was much of a imbalance. As a matter of fact, it looks like there is a tremendous amount of puts right below current levels and very few calls. That means to me that the downside risk is not as great as what some may be saying (unless I can't add). I encourage people to go to the cboe site (http://www.cboe.com) and check out the open interest for the major indices themselves.

Another thing that people might want to do is check out the Max-Pain (tm) analysis done by Ben Antanaitis.
Member 3307095
He is doing a study that identifies where the highest number of options will expire worthless (thereby causing the most amount of pain to the holder of the option) and it is pretty good at determining targets for stocks and indices.

Here is the site for the Max-Pain charts.
ez-pnf.com
They were updated today and it actually looks like the Max-Pain points for the OEX and SPX are significantly higher than today's closing price.

This page will bring you to past Max-Pain charts to compare the results.
ez-pnf.com

Here is the OEX chart for January 2000 just to give a flavor
ez-pnf.com

and the January 2000 SPX
ez-pnf.com

But, of course, most of our indicators are negative and I doubt that they got much more positive today, so there is still a fair amount of caution that is warranted. But from the current levels, I just can't get to excited about a BK.

Tom

alwaysdarkestbeforethedawn.com



To: Lost1 who wrote (20038)2/26/2000 10:35:00 AM
From: Augustus Gloop  Read Replies (2) | Respond to of 63513
 
Are you going to Reno? I'm bummed I can't go. I wanted to destroy you and Sarkie on the Golf course. Sarkie would want to hit from the Ladies tee's after talking smack with me all last summer. As usual I took profits on the ARC too soon. Wasn't it DSG who picked IARC?



To: Lost1 who wrote (20038)2/27/2000 9:51:00 AM
From: Alan Smithee  Respond to of 63513
 
Super Dave? Yikes

When I tried to buy more in my margin account at Chuck E. Schlob, they said the 'ARC is not marginable. It's time for me to switch accounts to a more reasonable brokerage. Chuck has DISH on restricted 70% margin and I do believe IMNX is not even marginable.

BTW, I think it's time we paid some serious attention to CRXA. Going to do some more fundamental research on it today if the two-year-old is inclined to let me. They have a product in the pipeline that could have huge mass market appeal.