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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 98.04+1.8%3:59 PM EST

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To: Dave B who wrote (25570)7/23/1999 4:56:00 PM
From: Jdaasoc  Read Replies (1) of 93625
 
Dave:
I understand that I may miss a little action on RMBS if it decides to go up in next 7-10 days before I commit to purchase more RMBS than I ever owned previously. However, the sums of money I am making in short S&P CALLS, which require large maintenance reserves, preclude me from holding a large position in RMBS simultaneously. Holding the stock ties up 30% stock's value in maintenance. 30% of RMBS @ 117 is a much larger number than 0% of RMBS @ 99. I am still committed via leaps to buy RMBS @ 90 & 100.

If you see S&P @ 1330, one of the block trades in RMBS may be mine.
If you want to know how I'm doing; I'm doing fine.
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