Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 121.64

-2.3%

Jan 29 3:59 PM EST

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To: Don Green who wrote (6005)	8/1/1998 1:47:00 PM
From: Richard Habib	Read Replies (3) of 93625

Don, been following your posts for a while. I like yourself am a trader who takes his profits when they occur. I've transitioned from a buy and hold guy. That was a successful strategy a while back but I think we agree the character of the market has changed and you have to adapt. I respect Ibexx's posts also but everyone has to develop their own trade strategy. I made a lot of money on Intel riding it up but was also hurt pretty bad in the rundown from 102 to the 70's and that certainly affected my trading strategy. Primarily I trade options now and am fairly quick to take my profits. Been quite successful for a while now and have comfortable triple digit returns thus far this year (knock on wood). Had a good RMBS position from 44 which I sold on the big pop at 62 5/8 and then was lucky to buy options the other day when RMBS was around 53 which I sold this pop at about 60. I think the buy and hold guys could be in for a shock. Among my concerns; it appears Japan has decided on a strategy to inflate their money supply rather than concentrate on reform. While may be best for Japan it doesn't bode well for the rest of us. I suspect the Yen will continue devalue which could drive China to devalue sooner than later which could result in another round of SEA devaluations. I suspect Intel as well as other tech execs made 2nd half assumptions based on the Yen being defended. If the scenario is as I suggest another round of earnings reductions are coming and a substantial market correction as money flows to the U.S. bond market. I wonder though if political crisis in U.S. will make the U.S. bond market less attractive so I've toyed with the idea of going long the XAU. I'd be interested to hear what you think. By the way since it's a RMBS thread, my prediction for RMBS as well as other good story stocks with little revenue - very sharp correction. Rich

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