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To: Uncle Frank who wrote (12119)	3/30/2001 12:58:25 PM
From: Boplicity	Read Replies (1) \| Respond to of 13572

uf The problem is the forward PE, no one has an idea what's happening, most projection of earnings at this time are not worth the paper they are printed on. Be

To: Uncle Frank who wrote (12119)	3/30/2001 6:56:05 PM
From: mishedlo	Read Replies (1) \| Respond to of 13572

Mish I never thought I would see RMBS at 16 UF And I never thought I would see ntap at 16 again. UF - The problem is right now the market does not believe or does not care what NTAP's growth is. I am amazed as heck right along with you that NTAP is at 16. I bet Greg (BeBop) is quite amazed as well. The only thing to do is short sell LEAP PUTs for $2 when a stock is at $2 so we can buy it for free when it gets assigned to us at ZERO. LOL Seriously, I do not know how anyone can believe any numbers whatsoever from anyone on any company. No one likes to hear me say this but all the numbers have either been blatant lies or the companies have no clue what is going on. Which is worse? OTOH, some other things seems rigged. Look at MU, it should be at $5 if NTAP is at $16. But.... The market says MU is worth more than $40 so it its worth more than $40 and NTAP is worth $16. Is this insanity? Yes it is. The only way I know how to deal with this is to but puts on insane valuations. Look at VSTR. This company lost $2B last year and will do it again but has a market cap of $23B or so. I for one believe this bear market will continue until all such horsesh*t is 100% eliminated. So... I am not sure I answered your question except to say I am sticking with what works. Doubled my money in 3 days buying XLNX puts and altough I am underwater on some old economy favorites like BA and KSS, I am fairly sure by May Expiry I will be profitable on those. In the meantime I keep watching good companies go to hell. Right now it is simply far easier to bet against a poor company than on a good one. M