ERTS short @ 59.25

While I like some of their games (madden series are kick ass), the co, is very richly valued at these prices, competition is getting heavy , ACTI,TTWO ) . The stock has also started to languish (technically) . The overvaluation , and possible dissapointments in the near future lead to an easy (quick)10% to 20% decline in the stock

I believe co's like TTWO , and their GT auto 3 will be what will be fav in the future, i would only buy the stock ( a little overpriced, acct probs) with a good hedge --such as ERTS


ERTS = 59.25 05/09/02

confidence = 90%

a good short term hedge (a long) is UNTD @ 9.90---unrelated business ---UNTD is in the ISP ( the old juno and netzero) ,, looks like revenues are growing,,,, fixed expenses--can make it a profitable co...

Sold UNTD @ 10.90


will create a (semi ) fictitous portfolio


I will trade in %'s , starting with $2000


May 9 , 2002


1. SS $1000 ERTS @ 59.25

2. buy $1000 UNTD @ 9.90


May 13, 2002


3. sold UNTD @ 10.90 +10.1% +101 = 1,101

4. bought some PMTR 2.45 (1101 ) worth (short term trade)

dammit,, i might regret this,,,

I usually dont trade against a trend,,, but VSAT looks very, very , possible to have a good breakout after today,,, good future,, long at 10.30

covered ERTS @ 62.35 lost 3.10 or 5.232% down 52.32 on 1000 = 947.68


sold VSAT @ 8.80 lost 1.50 or 14.56% down 160 on 1100 = 940


947.68

+ 940

------------

1887.68 - 112.32 = -5.616%


bought CAMP 1887 worth @ 6.55

NVDA looks good at 37.27 -to go long---- looks strong

JNPR also looks good at 9.90 ---shorting qqq or anything similar would be a good hedge