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To: Poet who wrote (34206)	12/5/2000 6:23:32 AM
From: Joshua Corbin	Read Replies (1) \| Respond to of 35685

Wild intraday and multiday swings, in either direction, can be traded and capital can be preserved until a general uptrend shows its head again. At least until the options expire worthless. :-)

To: Poet who wrote (34206)	12/5/2000 10:31:39 AM
From: Dr. Id	Read Replies (1) \| Respond to of 35685

Spoken like someone who doesn't know very much about options trading. <g> Sorry, Id, but short term options trading is precisely the way this extremely volatile and generally downtrending market should be played. Wild intraday and multiday swings, in either direction, can be traded and capital can be preserved until a general uptrend shows its head again. We're no longer in a time when "stories" matter, IMO. Investors are far more interested in valuation now than they were in 1999, when many of us (myself included) profitted greatly by finding companies with great "stories". BTW, EMC is coming out with its "chameleon" product today, no? Doesn't it go head-to-head with NTAP's NAS technology? As much as I like NTAP (It's in all my family's IRA's), I think this is a development for NTAP investors to monitor closely. Poet, I'll ignore the condescending part of your remarks to say that long term buy and hold of great companies will beat your short term options trading strategy. Let's compare the percentage change in our portfolios one, two, or even three years from now. I would guess that my Long term buy and hold strategy will make a short term options strategy by an amateur trader pale in comparison. As for EMC's new NAS strategy, take a look at what the market thinks in regard to NTAP. Network Appliance is up over 9 as I write this. Dr.Id p.s. This "someone who doesn't know very much about options trading" has read McMillan (and others) and has traded options (selling and buying both puts, calls, and leaps) for several years now. My opinion comes from the experience of comparison of which of my approaches has been the most successful.