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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: tom rusnak who wrote (1455)7/13/1998 11:49:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 4634
 
It sounds like speculation by daytraders. A large call to put ratio is a bearish indicator in the same way as a large put to call ratio is considerd a bullish indicator. Interesting to note that the last round of "major" hype surrounding Zitel (when it was trading at 8 to 9 a share, phony buyout/merger rumors surfaced), the call to put ratio skyrocketed as victims lined up to buy the June 7.5 and 10 calls...right before the stock tanked to < 4.



To: tom rusnak who wrote (1455)7/14/1998 12:06:00 AM
From: Bill Wexler  Read Replies (1) | Respond to of 4634
 
TAVA call to put ratio..

Oh my goodness.

For the July 10 calls vs. July 10 puts the ratio is over 10 to 1
For the August 10 calls vs. August 10 puts the ratio is over 5 to 1

Considering that the stock is floating on nothing more than hot air, the massive call to put ratio does not portend good things...if you're a TAVA shareholder!!! ;^D