Anthony @ Equity Investigations, Dear Anthony, Message Board

STOCKTALK

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Walkingshadow who wrote (63845)	11/29/2000 10:46:01 PM
From: Walkingshadow	Read Replies (1) of 122087

Here's another short possibility: REMC This stock has been in a trading range between 18 and 35 since last March, but today broke through the bottom support rail of that trading range: askresearch.com askresearch.com Technical indicators showing sell signals, but REMC is not overbought as I would like. REMC is in the wireless sector. P/E is 217, so REMC is clearly overvalued relative to its peers and the Naz in general. Earnings are Monday 12/4. Consensus is $0.10, whisper is $0.09: whisperearnings.com The way to short this one is, IMHO, via puts. The put premiums are relatively cheap [Jan 17 1/2 puts are asking 3 currently] because of the lack of recent volatility, but this volatility is misleading, being secondary to an extended basing period. JMVHO.............. WS

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