Yes, shorting puts means I expect the price to rise. I was just hoping to have the price stay below $10 until the end of this week, long enough to have the shares put to me. It's not a big deal, though, since I'm already heavily long IMOS. It's just that the price was so ridiculous that I was willing to cross the line and go on margin to pick up more. "Ridiculous" doesn't last forever, unless you're talking about some of the message board posters.
Good luck to the longs.
Bob