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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: richard surckla who wrote (8811)	1/11/2001 7:03:20 PM
From: mishedlo	Read Replies (1) \| Respond to of 13572

Richard, nice to se you here. Actually I am on the dark side now. (No not on RMBS, just in general). Doubled my money in one IRA account with RIMM PUTs. It is so much easier trying to bet against flying pigs than on something. Look at QCOM today. Does this make sense? (No I am NOT calling QCOM a flying pig, I am pointing out an apparent absurdity). Actually I think it does make sense. This is options expiry madness. QCOM max pain is 67, JNPR is 135. RIMM is an amazingly absurd 70 or so. I will buy puts on RIMM right after on on Expiry day. That is only rational explanation for RIMM going up and QCOM going down IMHO. I see manipulation, irrational exuberance (todays action was both of those IMO), as well as irrational fear when things go wrong. RMBS max pain is 35, so I would not be surprised in the least to see it back in the 30's soon, especially judging from after hours execution. That said, I am quite sorry I did not buy JNPR and BRCM calls as max pain was much higher. What manipulation IMHO. M