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Pastimes : Tidbits
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To: Didi who wrote (438)6/23/2000 1:27:00 PM
From: PAL  Read Replies (2) of 1115
 
Quite surprised that RMBS hasn't yet closed its earlier gap ~60. Too news driven perhaps?
Good shorting candidate?

Hi Didi: yes IMHO. Just shorted RMBS at 115 1/4. Will cover if hits 125 taking 10 point loss.

Note: shorting a stock like RMBS is a very dangerous game. have to watch it like a hwak, and be willing to cut losses immediately.

I am doing this because of the tremendous runup and the gap still to be filled.

Paul
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