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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: John Crovelli who wrote (253)	5/4/2001 9:11:35 PM
From: Michail Shadkin	Respond to of 6873

John Crovelli - re: RMBS First, let me thanks you for your support. I means a lot to me. My hope is to provide a no BS place to discuss great investment ideas. So far so good. Now, in all honesty, I have a hard time reading RMBS. I have played it long several times on major dips and been rewarded. Just watched in amazement today. Their whole business model is in question. 1 year from now RMBS might be below 5 easily. In fact I thought there was a good chance they could become a single didget midget today after the court ruling during the halt. That said, I wouldnt short here. Too many lunatic buyers in this pos. I would try to wait for a pop back to the 19 level Those 999 bids that try to squeeze the shorts are just scary. Friend of mine tried to buy RMBS today on a market order with price at 13.20 He got filled at 14.65 12 minutes later. Thats a joke. Luckily he sold in AH at 15.40 for a nice profit Good Luck Michail