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To: marginmike who wrote (65298)	2/7/2001 11:18:40 AM
From: Perspective	Respond to of 436258

The only thing better than "flat opening, slow bleed down" would be a total failure of the "gap down, ramp 7%" B.S. that the fund boys have played oh so many times. If we actually close this thing red today, it will be an enormous victory for the bears - proving that bad news really IS bad news, and not all the bad news is "priced in". BC

To: marginmike who wrote (65298)	2/7/2001 5:44:51 PM
From: mishedlo	Respond to of 436258

My gut instincts were that this rally would not stick, but we have had reasonable rallies off the gaps down, so I lightened up put on EMLX and RIMM at the wrong time sigh. Stayed with CLS and EMC too long but I not really worried about them, and they are doing very very well from where I bought them. Sold short term BRCD puts at exactly the bottom - lol. Sold some NEWP too quick and some at a much better price (3 points lower than the close but not at the bottom). Sold VRSN PUTs when it was at 63. Actually I thought I did poorly, but I see that I really only messed up EMLX (missing the bottom by 8 points on the first batch - ouch, 3 on the second but smaller batch). Got out of HOMS puts at the bottom as well but that was a small play. Added to IBM puts at 114, only had 3 frome before, also from 114 but that appears to be a mistake for now. Bought a bunch of CPST puts hoping for bad earnings play but they only lost 8 cents instead of 12. Stock stayed relatively flat after hours but I bought at exactly the high of the day (5 minutes before close), and it is down a point after hours. I had BRCD and PMCS puts that I closed earlier for small gains compared to what I could have had, today. Big Sigh M