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Technology Stocks : RAMBUS (Nasdaq: RMBS) - THE EAGLE
RMBS 107.99+4.8%Jan 16 9:30 AM EST

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To: Alan Hume who wrote (1303)3/1/2000 12:35:00 PM
From: Jdaasoc  Read Replies (1) of 2039
 
Alan:

We are in for a round of profit taking, correction, what ever you want to call it. I sold short PUTS yesterday MAR 240 and got 13 5/8 when RMBS was at 270. Bought them back today when RMBS was 295. I paid 12 3/8.
I was expecting the price to be lower since RMBS went up 25 pts. The take home story is premiums for PUTS are going up and premiums for CALL are going down.

The market makers aren't giving away candy for free. The premium for going long is reduced and the premium for going short is increasing then prevailing sentiment is easy to see.

Any guesses at what price RMBS will be a screaming buy.

john
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