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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (13698)3/3/2004 11:04:45 PM
From: Return to Sender  Read Replies (2) | Respond to of 95616
 
I only use the total put to call ratio. Time values do not factor in. All other investors are seeing the same things you are. There is very little measurable fear. It does not matter why.

I have read however that most index options are played by institutional investors rather than us retail guys. They are smarter than we are. The trouble is that the market can only run higher with this much complacency for a finite period of time.

The good times will end. They may have ended already. People like me holding thousands of shares long are just too stupid to act on the important data reflected in the information available to us.

Most of the information I am referring to is on these charts:

investorshub.com

RtS



To: BWAC who wrote (13698)3/4/2004 10:13:05 AM
From: Nancy  Read Replies (1) | Respond to of 95616
 
index put/call ratio almost always above 1.5 and close to 2. when it is below 1.5 that is low. it hardly goes below 1.

for the scenario you describe - have calls as insurance and short sell shares - that would also add selling pressure to equities, not helping it. essentially the same effect as RtS referred to (complacency call buying) though not for the same reason. No ?