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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (43672)	3/13/2001 4:37:31 PM
From: Shoibal Datta	Read Replies (1) \| Respond to of 70976

Yes, I did see that the put/call ratio is at levels associated with a bot....er, floor. Looking good for the longs.

To: Gottfried who wrote (43672)	3/13/2001 7:25:46 PM
From: Shoibal Datta	Read Replies (1) \| Respond to of 70976

Rhetorical question about lay-offs. If companies really believe that there is light at the end of the tunnel and things will turn around in the next 2-4 months, why are they laying off people now (at the bottom, that is)? Asyst is a small company, but has "reduced it's headcount" by 17%. One might argue that large companies are better positioned in a down-turn. Well, Cisco and Motorola are large companies. Also, Cisco has relatively large coffers. Is it possible that they think that things can get worse from here? Food for thought.

To: Gottfried who wrote (43672)	3/14/2001 12:00:47 AM
From: brunn	Read Replies (2) \| Respond to of 70976

That may be the highest Put/Call since the bottom in October 8, 1998 when it reached 1.27: cboe.com. Interesting that the Put/Call peaked today. It would have been more appropriate for it to peak on a day of capitulation like yesterday not on a recovery day like today. A CNBC analyst early in the day actually mentioned this as a negative. I guess he meant that it is negative to have such pessimism on what appeared to be a positive day--a sign that the buying lacked conviction. Perhaps its value as a contrary indicator is most worthwhile when people are buying puts on a bad day than a good day. October 8 on the other hand was a classic capitulation day.