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To: horsegirl48 who wrote (8527)	1/5/2001 10:53:51 AM
From: mishedlo	Respond to of 13572

But stocks as in art the good ones will remain and you will make money buying cheap. The problem is the definition of "cheap" I see that the market today is once again struggling as to the definition of "cheap". In the meantime I know 100% the definition of expensive. RIMM IBM CSCO EMC although nothing compares to "cash cow" RIMM. LEAP puts on the latter 3, all bought at or close to yesterdays highs. I am now comfortably ahead and can employ LTSH strategy (Long term sell and hold). Long term for me is 3-6 months or so. If proven wrong and CSCO takes out 45, IBM 100, or EMC 75 I will bail at almost ZERO loss. So YES, if you buy cheap you will indeed do well. BUT buy selling expensive, (or buying PUTs) I expect to do far far better. Plus it is easier. The trend is still down, rate cut or not. History is looking straight into the eyes of the BULLs and saying I JUST DONT CARE, how the market reacted last time to rate cuts. I believe what I see. I SEE DOWN. In the meantime, I will sell every rally (via PUTs) and wait for huge dips. My last bit of selling of RIMM and other tech PUTs has me back heavy in cash and ready to reload the next bounce. Still holding leap puts on the 3 above disasters waiting to happen. Is this fun or what? M