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To: McNabb Brothers who wrote (12351)	4/6/2001 1:15:37 PM
From: freeus	Read Replies (2) \| Respond to of 13572

re I short and believe in shorting But the time to short was all last year: now it is very hazardous: I've shorted absolutely crappy companies and still gotten hurt...don't know why people buy them but people do. I agree that this selling is overdone...but its so depressing to buy something and see it go down further that it will be difficult to choose the right time. Freeus

To: McNabb Brothers who wrote (12351)	4/6/2001 8:10:15 PM
From: mishedlo	Read Replies (2) \| Respond to of 13572

Hank - I am a nervous Nellie. I do not trust anything right now. Fortunately I covered 85% of my puts on WED right before that big ramp up yesterday. Thought I was a genious. Got back in yesterday then covered my financial puts on a bounce about 5 minutes before the PGE bankruptcy news hit. Felt like a stupid idiot, predicting a financial mess and covering right in front of the news. I took profits both times but they were small. Had I stayed in puts headed into thursday I would have panicked out for a loss. So am I a genious, an idiot, or just a too nervous Nellie? Having called JNPR CIEN etc collapse I can tell you I have not made dime one off them. That seems TOTALLY stupid to me. I did make a bunch on some tamer stuff EMC and IBM. I look at PUT and CALL premiums and gag. That kept me out of some of the plays. Most of my money is in an IRA so your tactic of selling calls is out of the question. All I can do is buy puts and hope my timing is right. I really want to bet against NVDA but crap look at the option prices. This is one hell of a market and sometimes I feel lucky to have just survived it. I am a rookie. This is actually only my second year of investing. Hopefully it sounds like I have learned something. M