There has been a wild swing to optimism in stocks priced between $5 and $20. I only check my wish list every month or two. I like low priced issues because I want to be on the opposite side of the stupidest money I can find and usually I am safely and fully invested. But with money likely to be coming in in the first quarter and no put expirations due in the near future I decided to check my wish list screen to figure out if I needed to tighten it up before I put new money in. The put/call ratio has recently gone to hell. One issue had over 400 calls and no puts outstanding for the March expiration. This is not the time to panic but it may be the time to tighten up on selection, which I am in the process of doing.