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

To: MileHigh who wrote (23888)	6/29/1999 9:53:00 AM
From: Donald F. Figer	Read Replies (1) \| Respond to of 93625

CNBC just plugged the semi equip makers vis a vis Lehman's upgrade on the full year earnings increase from -2% to 9% for 1999.

To: MileHigh who wrote (23888)	6/29/1999 10:04:00 AM
From: JH	Respond to of 93625

Sold out of my last 1k position at $95-1/2 - probably too early - looks like a major short squeeze will propel this back to the $102 region, and perhaps to $110 and beyond. But there's still plenty of opportunity to trade this rocket. Will be shorting July puts on dips if today's gap is filled over the next few days. Mouthwatering implied volatility - slightly below 80% for the $80s $85s and the $90s. Currently, the premiums are $1-1/4, $2-1/4 and $3-1/2 respectively. Equivalent to taking the risk of being assigned stock at a cost of about $78-3/4, $82-3/4, and $86-1/2.