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echos

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echos

Re: None

Monday, 03/26/2007 4:33:49 PM

Monday, March 26, 2007 4:33:49 PM

Post# of 173952
OT: Bought R A T E puts strike 30.

After reading the Barrons article this weekend (thanks cl001), I picked up AUG and NOV puts on R A T E this morning.

The stock crashed hard today, and appears ready to continue its freefall. The subprime news just keeps getting worse.

I went looking for other high PE stocks out there that may be affected.

I found Salesforce.com (C R M), with a P/E of about 300. This one looks ripe for a fall in continued market weakness.

I've never been much of a short seller, but I think we are getting ready for a serious correction. Also picked up some QID today.

Good post here by Tetris.

http://www.investorshub.com/boards/read_msg.asp?message_id=18208261

"Give me Liberty, or give me... deathtotaxes"

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