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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (23788)	6/28/1999 11:00:00 AM
From: MileHigh	Read Replies (1) \| Respond to of 93625

Maybe, maybe not. I am not in love with RMBS anymore. Meaning, I will not chase it, plus there are many other stocks to invest in even if I miss this boat. Again, nothing negative on RMBS, just have become more conservative in my approach lately. Besides, I sold it at 100! <gg> MileHigh

To: Boplicity who wrote (23788)	6/28/1999 11:13:00 AM
From: JH	Read Replies (1) \| Respond to of 93625

<me thinks you will buying back above 90.. you too MH> Actually, I just bought 500 @ $87-1/2 and sold them at $88-1/2. A little too hasty, perhaps, buy it beats the sickening sinking feeling of holding onto a fortune of RMBS stock while it plunges 10% in a vacuum while the brightest and the most resourceful threadsters are clawing around finding reasons for the drop. I will be selling my last 1k position in RMBS at around $95 before re-assessing the situation again. Yes, today's candlestick looks constructive, but I remain cautious. IMO, for those brave souls, the BEST way to capitalize on FUD is to short puts on RMBS. The IVs are very high - for example - you can collect $5-5/8 by shorting the July-90's. Taking the risk of being assigned the stock at $90 twenty days from now is the equivalent of paying $84-3/8 per share. Actually, I've already sold short a TON of Jan2000 puts on RMBS at strike prices of $60, $70, and $80 - equivalent of taking the risk of being assigned stock at the cost of $54, $60-3/4, and $66-5/8 respectively. Worst-comes-to-worst, I don't mind owning stock at those prices. Does everyone agree? You can still duplicate roughly the same short-put positions at today's market prices...