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Pastimes : Home on the range where the buffalo roam

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To: Jim Fleming who wrote (6961)	11/26/2000 6:03:43 PM
From: mishedlo	Read Replies (1) of 13572

Jim, why is QCOM the exception. You sound like me. I kept thinking SSTI (because of PE and growth) and RMBS because of explosive growth would be exceptions. I am now convinced there will not be any exceptions. In case I am wrong I will not go overboard, but I intend to sell my remaining calls and long positions (mostly at huge losses) in rallies as we get them. Hoping for a continuation rally on Monday and Tuesday. I will be buying PUTs on these rallies, and as a hedge I may hold BU$$ calls, and/or I may buy long positions on anything absurd (RMBS at 36 two weeks ago was absurd). Unfortunately, the next time it hits 36, it might not be absurd. This is what we need to gage. My put list includes the following: RIMM IBM HAND AMZN CIEN CSCO EMC JNPR AOL RBAK OPWV SCMR My recommendation is to buy PUTs on these stocks when they meet resistance, take some profit off the table on a big decline, and lest the rest run. Opinions, Jim Greg or anyone. Addition or subtraction recommendations from my list are very WELCOME!

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