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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (2083)	1/17/2001 3:46:38 PM
From: Jenna	Read Replies (1) \| Respond to of 6445

the odds of RBAK beating are good, but the odds of it beating and still going down are also good. The odds of it NOT beating are less, granted, but with a p/e over 600 and already short term overbought with a lot of profit takers jumping ship now.. I am having a feeling they are leaving the titanic while they still can. Every put I held today (3 stock positions)was down... all 7 plays I held over long were up some as much as 22% (ELNT, NUFO, IWOV, ONIS, GSPN,SNDK,CMRC) luckily I had only 1/2 to 1/4 positions and made them up except for AMCC but still I think I'll sit out RBAK. until I pick up a few call options. I don't really want to tempt the gods of hubris.