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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (127536)	6/30/2001 8:46:22 AM
From: craig crawford	Read Replies (1) \| Respond to of 164687

one reason why i am looking for an entry on puts for nyse type dow stocks instead of techs. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Day of the Condor? An options ploy for the stouthearted interactive.wsj.com By Jay Shartsis Veteran technician Phil Erlanger, who writes a market letter called Erlanger Squeeze Play, recently looked at sentiments for the individual stocks in the Dow. His research focused on the put/call ratios for the components and found a great preponderance of call buying. High levels were seen in Disney, Merck, JP Morgan, Philip Morris and WalMart. The list goes on, with Microsoft, McDonald's, Coca-Cola all recording levels of buying high enough to chill any bull. Extreme volumes of calls -- which give a holder the right to buy a stock at a certain price for a specific period -- often indicate overoptimism, a sign of a market top.