Climateer Investing: With 12 Times More Puts than Calls Traded, Avalon Rare Metals May Be Signaling A Near-Term Bottom in the Rare Earth Sector (AVL; MCP; REE)

Wednesday, January 19, 2011

With 12 Times More Puts than Calls Traded, Avalon Rare Metals May Be Signaling A Near-Term Bottom in the Rare Earth Sector (AVL; MCP; REE)

According to Whats Trading there have been 3190 puts and 258 calls traded as of 12:01.
That would seem to imply that the bulls are very discouraged, et voilà, let's see if the stock trades higher than the current $5.42, down 5.08%!
REE's at $12.89 down 5.01% and MCP's at $45.13, off 4.71%
They've all been hammered this month, it might be time for a respite.