N@N

Schaeffer's Street Stories: Plum Creek Timber Co. Inc. Holds Support Amid Heavy Selling Pressure

_{//business-finance.news-articles.net/content/200 .. c-holds-support-amid-heavy-selling-pressure.html}
^{Published in Business and Finance on Friday, February 13th 2009 at 10:51 GMT, Last Modified on 2009-02-13 10:51:31 by Market Wire}  

CINCINNATI--([ BUSINESS WIRE ])--Recently, investors have shown a strong preference for bearish bets on Plum Creek Timber Co. Inc. (NYSE: PCL). During the past 5 days, traders on the International Securities Exchange (ISE) have bought to open 2,087 puts on the stock, compared to just 130 calls. The stock's ISE 5-day put/call ratio is a pessimistically skewed 16.05.

Taking a slightly longer-term look at PCL's option volume, the shares have racked up an ISE 10-day put/call ratio of 4.30. This reading ranks higher than 92.8% of other such ratios during the past year, suggesting that the stock's buy-to-open option activity on the ISE has rarely been more biased toward puts.

To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/plum+creek+timber+co+inc+holds+support+amid+heavy+selling+pressure/observations.aspx?click=home&ID=91178&source=businesswire ]