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To: freeus who wrote (7143)12/1/2000 5:39:23 PM
From: Chadick  Respond to of 13572
 
Hi,

Do you have NinetyNine Cents Only (NDN)stores in your area?
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Fred



To: freeus who wrote (7143)12/1/2000 6:17:46 PM
From: mishedlo  Read Replies (1) | Respond to of 13572
 
For PUTs I like RIMM and BRCD.
BRCD looked very weak today, counter to the rest of the market. The PE's on both RIMM and BRCD are absurd IMHO.
I have March (I belive march) puts on both.
VRSN also could muster no rally, as well as PDLI which gave up all its gains. Since you can not short in an IRA puts and cash are best. In a regular trading account, shorts on the more volitale stocks may be better. (Far easier to get in and out)

AMZN is going to 8 or below so that is a safe short IMHO.
I sold almost all the PUTs I had on everything way way too early. Then I mad the mistake of buying them back too early (yesterday). I did add to them today, near the top.
CSCO is also a safe short IMHO (sorry greg), I believe it will fall some 15-20 points from here.

If this election is not resolved Monday and I doubt it will be, I doubt we have more than a half day rally.

Also look at INTC today. ENORMOUS selling. I bet INTC reports some kind of scare soon and takes down the whole damn market with it. Has Intel reported?

BTW this is my first year trading. It has not been an easy year, but I can tell you this, it certainly got rid of a lot of over-confidence that I had in March. If I survive at this, I hope it makes me all the better and stronger.

To get over the fear of shorting, pick a slow mover like AMZN, short a couple hundred shares and (hopefully) watch it drop. If It rises 2 points on you (or whatever your limit is, take the loss). I learned by fire (BRCD at the wrong time), and it was not pretty.