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


To: S Shaw who wrote (1655)7/17/1998 5:57:00 PM
From: Y2k_fan  Read Replies (1) | Respond to of 4634
 
I disagree, AVNT closed right above 20 is indeed very bearish.

Today is the option expiration date, it means that people who bought July 20's call will exercise their options. This implied that MMs don't want the shares any more. They would rather let the shares being called. If it stop right below 20, I would consider it more bullish.

Worse days will be coming, IMHO.