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To: techguerrilla who wrote (10078)	2/12/2001 3:00:57 PM
From: Boplicity	Read Replies (1) \| Respond to of 13572

Ask, Mish, he's the one in the know about shorting RIMM. Me, I just can't get up the nerve to short anymore, while we are close to 500 points or less to a bottom. LOL. Greg

To: techguerrilla who wrote (10078)	2/12/2001 5:48:22 PM
From: mishedlo	Read Replies (1) \| Respond to of 13572

Was I ever wrong, Greg . . . . when I thought this market was going to start tolerating high PE's. Quite the contrary may be the case. Any whiff of bad news and an entire sector gets shot. Look at EMLX today and how it affected two excellent companies: NTAP and BRCD. I'm beginning to think that the only sensible thing to do these days is to scope out stocks with high PE's, buy three-month out puts slightly in the money, and patiently wait for those companies' sectors to get whacked. Now you are talking. As for RIMM, careful! This pig defies all logic. Quite surprised it did not finish up today. Really. It rallies for no reason usually, away from support/resistance points and it simply has a mind of its own. A Canadian thing perhaps? At any rate its options are expensive. VERY expensive. If you want to play a few months out best to buy way out of the money options, and hope for the eventual "sanity drop" to what it is wort, abou $10 if that. I would wait for a bounce here. Too risky. I closed out my RIMM puts today. If we rally, rest assured, RIMM will lead the pack. I am serious. Right now I prefer NETE. A PE of 700, and I can not even figure out precicely what they do from their company profile. Web portal security is all I can figure out. You tell me. LOL Plenty of competition from CHKP. NETE has a partnership of some sort with VRSN that is also going down the crapper. Did well with VRSN puts recently. You guys all missed that huge downdraft on EMC from 78 to 50. EMC PUTs were cheap cheap cheap, cause it is not volatile. An easy 3 bagger or better on PUTs. Was interesting to see CIEN crack today after sitting at 80 for what seemed like an eternity. SCMR up, CIEN down. I think optical gets hit big soon. M