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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Nancy who wrote (47196)	7/2/1998 1:31:00 AM
From: Joe Pirate	Read Replies (1) \| Respond to of 58727

All: Someone: Anyone: Oh please, this is my FIRST time here <g> I need some help, first time in America <foreign accent> <g> I was wondering if there is a method (software, service, someplace, anything) to scan a database of stocks and have it find stocks with high options premiums (% of stock price) and sort by sector or something?? Thanks, Pirate

To: Nancy who wrote (47196)	7/2/1998 8:12:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Nancy, >>>>> Equity Put Call is at 0.38, not at extreme (last time when we had a 176 pt up in the middle of a correction, EPC was at 0.28). market breadth greatly improve and McOsci went to the highest reading since April 97. We know how explosive the rally was from april 97 up to august 97.>>>>> Not that I am a fundamentalist, but the market environment is very different than it was April to Aug. Now, the interest rates are much lower, but earnings are far worse than then and we have the Asian Flu. Not to discount the possibility of a summer rally, but just to make the statement that the market environment is not the same. We could also use the April to Aug of 1996 senerio instead of 1997. What happened after we had 176 point gain when the put to call ratio got to 2.8. I still hold the position that the market internals will be the deciding factor and so far it did show strong improvement as I mentioned yesterday. If that continues then we should still move up, but if it returns to the lower levels then we should stay in a trading range or could worsen to set lower lows. Seeya