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To: mishedlo who wrote (64490)2/3/2001 1:02:43 PM
From: Shack  Read Replies (1) | Respond to of 436258
 
RIMM oversold. Give me a break. Sporting a PE of 1200 or so, it will be oversold when it falls to $10.

Of course you're right but I guess we are likely trading in two different time frames. I'm in stuff for a couple of days at most. I make much more money on options when I play them that way. I won't be surprised that when RIMM finally collapses as it should, I will sadly not be in the puts having sold too early.

Are we really back in bull mode - 3 days up 1 day down

We're still just talking about RIMM right? Its had 4 straight down days knocking off 25% of its value and now has retraced 50% of its gain from Jan 3. As you know that POS continually surprises us with its resiliency (drives me crazy sometimes). Believe it or not, if the market is benign on Monday, I may look at RIMM calls for a daytrade.

A quick aside, I know a few people who have let their vehement hatred for RIMM lead them to buy deep out of the money puts and have them expire worthless again and again. I let this happen to me ONCE!