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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: re3 who wrote (89162)2/2/2001 8:01:44 PM
From: mishedlo  Respond to of 132070
 
Not all brokerages allow it.
Fidelity does.

50% PUTs was a huge risk and I will start to lighten up.
One must have conviction or be nuts to do that.
I am probably a nutziod convict - LOL.
But if you think I was not sweating this you are crazy.

This is the first down day with conviction for a long long long time. That said, the tick count only hit -600 today. Not even the fear stage was reached.

I expect at least 3 days of this, possibly more until we start seeing some -1000 or worse tick counts.

I hope I can hold(correctly) for 3 days.
Get RIMM to 30 and quite literally nothing else will matter ggg. It is my biggest holding. My ultimate target on RIMM is about 20 but Earlie's is probably lower. It will not happen all at once however. If you are into canadian stocks, I happen to like a little company called CERT although now is probably not the time to buy it.

BTW my count:
-1000 = fear
-1200 = near panic
-1400 = panic
+1000 = panic buy

I am hoping for 3 days in a row of -800, followed by a a day of -1000, or some totally absurd gap down for me to sell my puts into.

M