Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.23

-11.1%

Dec 12 9:30 AM EST

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To: Jay who wrote (1015)	8/12/1997 11:47:00 PM
From: Ibexx	of 93625

Jay, I owned VNLAD and VNLAC; these are 99ers with strike price 97.5 and 102.5. I have virtually bored everyone to tears with my LEAPS hedge strategy. Basically, I use LEAPS calls (INTC, MSFT, CSCO, LU) to hedge my long position core holdings. I would buy the LEAPS at the intermediate low, and would sell them "against the box" gradually at the intermediate top while keeping ny commons intact. Sometimes I simply sell and not necessary against the box. Since the LEAPS of my choice would give me a leverage factor of 4, I should come out ahead everytime there is a significant correction, provided I play my cards right. And so far I have. Ibexx

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