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To: dennis michael patterson who wrote (51605)7/16/1998 8:55:00 AM
From: Ben Antanaitis  Read Replies (2) | Respond to of 176387
 
dmp,

It looks to work just fine when it isn't swamped out by momentum generating events, as I have said and warned those who are looking for a genie in a bottle. It just may not be the indicator of choice during earnings reporting months. That is to be determined by the results of study, not emotions or opinions.

I am not an options MM, so I do not know what they are thinking. However, they stand to scoop up lots of shares from covered-call writers, and it also looks like they will keep all the premiums that put buyers paid them.

Ben A.
ez-pnf.com