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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 87.70-3.8%Nov 18 3:59 PM EST
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To: happy_henry who wrote (50789)8/22/2000 5:56:32 PM
From: richard surckla  Read Replies (1) of 93625
 
happy henry... In your reply to mishedlo you quoted him as saying, "Something is up - we just can not see it yet"

You said, "In other words, buy now blind and hope.
Sorry, I disagree with this investment approach."

But aren't you doing the same thing? Blindly shorting on the eve of the IDF when you knew Intel was going to polish their brass this week? Did you think they were just blowing smoke?

There is much to be said pro and con about Rambus. But much that is being said against Rambus is coming from the very anti-Rambus patch, including an admitted paid basher.

In all seriousness, to wish you well in your shorting would be an obvious outright lie because that would mean I would in effect be wishing myself a loss. I do feel that at this point in time you have made a bad investment decision. Very bad timing. But you are right, it could turn in your favor at the drop of a hat. I don't know how many shares you are shorting and I don't care. But remember your potential loss is greater that your potential gain if Rambus continues to climb and you don't cover. Covering a short when a stock is going up or selling a stock when it is going down is psychologically hard to do. Because when you do it, you are in effect saying to yourself, "I made a mistake." People don't like making mistakes because they don't like blaming themselves for the results. That's why they keep getting in deeper and deeper because the can't bite the bullet. Personally I think there will be many shorts covering early tomorrow. I hope you don't have a large short position.
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