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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 115.18-7.7%Jan 23 9:30 AM EST

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To: MileHigh who wrote (9783)11/17/1998 7:20:00 PM
From: Ms. X  Read Replies (2) of 93625
 
I wasn't taking it personal :-) All legit questions.
It sounds as if you are a VERY short term trader. Like, I bought today so I want it to go up 20% tomorrow kind of thing. I buy based on the signal and risk reward ratio. I buy knowing that all the factors indicating a stocks move to the upside are in my favor.
If it moves down for a week without breaking support or a month for that matter -as long as I'm not holding calls whose premium is dying by the second-I don't sweat it because I know my goal. When it reaches that goal, I'm out. Whether that is within one day or one year.
Now, I recently suggested some things for the kind of quick trades you are interested in but those are for aggressive bottom fisher all be damned types. Not that there is anything wrong with that :-)

By the way I bought RMBS at 62 on October 4th. Up almost 20%. Fine with me that it took over a month to accomplish. You may have broken out in hives however (laughing).

All in good fun,

Jan I am
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