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

To: Jdaasoc who wrote (28221)	8/31/1999 1:26:00 PM
From: TimeToMakeTheInvs	Read Replies (1) \| Respond to of 93625

Line from CBS Marketwatch: 13:15 [RMBS] RAMBUS OFF 6.5% ON COMMENTS FROM SOUNDVIEW. tim

To: Jdaasoc who wrote (28221)	8/31/1999 1:57:00 PM
From: JH	Respond to of 93625

<Tell us more about your CASH position of 90%. I have been extremely short S&P and added additional BKX NDX short positions recently and extremely happy. What is your take your take on American market from the Far East?> Was cashed out for a three week vacation, but jumped back in last week to ride up on Nasdaq rally. Have been managing a Fund for the past eleven months and just signed up a couple of investors to join. RMBS continues to be one of my largest positions - wow it's volatile! Congrats on the purchase of your puts - I was not aggressive enough to lift the offers on many of the puts I wanted to buy a few trading days ago, so I've had to resort to selling stock to raise cash (from a nearly fully-invested position). Sometimes cash is a cheaper hedge than puts... Though I live in Hong Kong, I spend most of my time watching and trading the U.S. markets using information sourced from the U.S. So chances are good that I'm reading and hearing information very similar to yours. The general feeling is that the recovery of the markets in the Far East will absorb liquidity in the U.S. from both bonds and stocks, which is mildly bearish for the U.S. markets. Otherwise, all eyes are on the employment numbers and AG's policy directives. In the short term, the bad breadth of the general indices (narrow leadership), the extreme valuations, and rising bond yields all point to the strong possibility of a correction in the U.S. markets. Having said that, however, there are still plenty of money to be made in select tech stocks by employing the "buy the dips" strategy. Good luck, everyone, on trading RMBS !