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To: umbro who wrote (12068)	7/29/1998 11:25:00 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 164684

It's okay to be contrarian, but sometimes "the crowd" really is right. That's true. Same holds for short interest - a high one is not necessarily bullish. I was wondering whether anyone has ever really looked at the put/call ratio on individual stocks to see if it is a good contrary signal as it is thought to be overall and on indexes. As many of us have seen on certain takeover or breaking news situations, the option market seems downright clairvoyant sometimes. Regards, Bob

To: umbro who wrote (12068)	7/30/1998 12:44:00 AM
From: zax	Read Replies (1) \| Respond to of 164684

It's okay to be contrarian, but sometimes "the crowd" really is right I could not have said it better myself. In fact, I'd already typed out nearly a identical sentence earlier tonight.

To: umbro who wrote (12068)	7/30/1998 12:50:00 AM
From: IMPRISTlNE	Read Replies (1) \| Respond to of 164684

re: <<<"options report doesn't track "max. pain". If my memory serves...me...Amazon Max Pain...last month was 65ish...and stock closed...nearly twice that...LOL.... I've always thought MAX pain most reliable...when huge....discrepency....with huge open interest....otherwise...less reliable...But..who knows...maybe more people watching it and recognizing it these days...so consequently less effect..JMO... OH>..for the days...of a PURE PLAY STOCK...without all the OPTIONS INFECTION>>>>...<G>