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To: mishedlo who wrote (9368)	1/28/2001 11:21:52 PM
From: Bandit19	Read Replies (1) \| Respond to of 13572

Mike, Hi. I just read this on Marketdd.com....thought you'd be interested. RIMM:NASDAQ - A time to short? As I have said before, there is nothing 'evil' or wrong about shorting (contrary to what those Yahoo message board posters would have you believe lol). The market moves in both directions, so why only profit from 50% of the moves? Be sure you are familiar with the risks and requirements of shorting before you try is, you could lose your shirt and more. Let's take a peek at RIMM, it's a nice company, they sell the BlackBerry 2-way pager. For the nine months ended 11/30/00, revenues increased from $59.2 million to $131.2 million. Net income fell 96% to $260 thousand. Revenues benefitted from continued subscriber growth. Earnings were offset by increased marketing campaigns to increase brand awareness, staffing increases and higher research and development expenses. (source: Market Guide) The current PE is 1288, RIMM is one of the last few companies that is actually holding a triple digit PE. This high PE will result in continued volatility both intraday and longer term. So, with that said, is this a good time to establish a short position? Perhaps, let us look at the chart: marketdd.com RIMM is hitting that downtrending red line at $75, more resistance at $80 which we will use as a stop, so from current levels, shorters have 5 points worth of risk. As indicated in the chart, how about looking at the March puts as an alternative to shorting the stock. If you are currently long on RIMM, and the stock fails to break over $80, consider writing calls against your position, or selling a portion of you holdings. ____________________________________________________________ Best, Bandit