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To: Dealer who wrote (7260)	12/6/2000 4:48:02 PM
From: mishedlo	Respond to of 13572

Putting my money where my big mouth is - I bought strike 45 leap puts on CSCO today. I will just sit back and wait for the inevitable 25 coming next year. M

To: Dealer who wrote (7260)	12/6/2000 4:53:09 PM
From: mishedlo	Read Replies (1) \| Respond to of 13572

I forgot to mention my hedge against all this bearism. I bought 10 strike 50 FEB RMBS calls today, near the close so I got a decent price. RMBS can go up even if the market goes down. Still heavily weighted in PUTs. My AMZN PUTS bought at 27 are behaving as expected. Greg, if the market does not rally tomorrow, a retest of 2500 is in order. I simply can not believe all the optimism generated by a one day bear - short covering/greenspan rally. Over Optimism = More Pain - IMHO Still sticking with naz 1900 next year M