Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 92.72

+5.2%

Nov 24 3:59 PM EST

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To: gnuman who wrote (41305)	5/3/2000 6:23:00 PM
From: Zeev Hed	Read Replies (1) of 93625

Gene, I would not buy the options, for those that are long and do not believe my GTC at $122 will be reached, nor do they think that a recapture of the $250 will be here before May's expiration, selling covered options (if RMBS reaches the $207/$210 early tomorrow, the $210 may could fetch $20 to $30 bucks) might be a good strategy. It might be worthwhile noting that the bottom today was pretty close to a 50% retracement of the $133 to $248 recent move. If it holds, RMBS is still in a bullish trend, if it does not (and my bet is that it does not), then the April lows will be challenged, and possibly give way (here comes the GTC <VBG>). Zeev

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