Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 95.16

+0.4%

9:39 AM EST

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To: Alan Hume who wrote (28034)	8/29/1999 8:33:00 PM
From: jmac	Read Replies (2) of 93625

My opinion only. I am long 4400 shares with another 20 calls (effectively 2000 shares). i buy the story bit am concerned about delays which could effective;y broing the share price back down in to the 70s for a while. On the other hand, if INTC surprises me with a very strong statement concerning the use of RMBS then this stock could skyrocket into the the 120s (new highs). I believe that this is a bullish time to be holding RMBS stock and don't want to surrender any of what I have. In addition, I don't want to pay taxes on my stock gains. But I also do not want to stomach a 20-30 point downturn in the stock--again. So, IMO, buying the Sept. 100 puts on Monday, in anticipation of news coming out this week, is a prudent way of handling the above scenario. I may lose 4-5 points of a 20+ point upside move. But by buying this insurance, I protect myself below 95. Otherwise, IMO, you go into a week where you know there is going to be news and you are simply gambling on what that news is going to be. That's my opinion. I am sure there are many, many strong bulls on this thread and they probably just want to hold the stock and see how it plays out. For me, my investment is substantial enough to warrant a little insurance. Good luck to us all.

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