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To: JGoren who wrote (73911)6/14/2000 11:32:00 PM
From: Ibexx  Read Replies (1) | Respond to of 152472
 
JG,

You may wish to visit Bernie's website where he illustrates this principle almost on daily basis.

schaefferresearch.com

Simplistically speaking, buying calls of a stock in a down trend (in the absence of buying pressure) is one of the best contrarian indicators: a potential extended weakness is implied. [A recent example: AOL]

The reverse is true that put buying in an uptrending stock could signify continued strength.

Ibexx