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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (27225)12/26/2000 2:40:12 PM
From: im a survivor  Read Replies (1) of 65232
 
RMBS looking sick, as is rest of Naz.

I sold half my sndk at 32 even....bought the otherday at $30.00

Love the stock and will look to buy it back, but two things led me to sell.....1) rather then again watching a profit turn into a loss, I figured take my 2 points and run when things started looking weak. 2) hopefully get a chance to buy back cheaper if naz looks ugly rest of day and maybe tomorrow or wed/thurs.....plus I still have my original shares with a $53 cost basis that I covered with jan 60's....so........

I really like sndk alot, but damn if this naz is just simply umerciful.....may get to buy back for $20 or less.....unfortunatly, same with rmbs....this sucker has been trending down all year. They could come out with the most awesome numbers, win or settle their suits, and I still aint gonna end up no place near my original cost basis....and as far as the may 75's....well, since I pai 10 times more then current price and since they are pretty much worthless, I guess I'll let em sit......end up wiping my A$$ with them in a couple months.

heck, even my atml is taking it on the chin today......sure will be glad when year 2000 is over and done with....the scary thing is I aint to sure 2001 is gonna be much better. The further along the calendar we go and the lower the naz goes, is not a good thing. We are in our best time of year right now, and the naz is acting like a beached whale.

Hope everybody had a great christmas.....

keith
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