Howard, I like long puts and don't like short sales. Also, I absolutely consider the top tier (if there is such a thing) internet stocks the most vulnerable. But assuming we are talking long puts:
1. Excite has nothing other than a huge capitalization. Zilch. The eps are a total joke. I don't know whether you consider it second tier or not, but, as a user, it is second rate.
2. Broadcast.com does have something, but not enough for its price. Sadly, it has no puts yet.
3. Take a good look at the WXI index, a smaller version of the IIX. That may be the way to play this.
4. E-Trade is already down a lot, but they will suffer terribly in the BK, maybe go belly up. I'd wait for a rally over $20, but it is definitely a loser.
MB |
