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

To: JH who wrote (28241)	8/31/1999 3:41:00 PM
From: Jim Cash	Respond to of 93625

And get shaken out like today.... Buy way out of the money put to protect against a catastrophic event.

To: JH who wrote (28241)	8/31/1999 3:58:00 PM
From: jmac	Respond to of 93625

I agree with you but this month is different from all other months. I have been playing options for more than 20 years. I know the RMBS options are pricey--very pricey. BUT, I have several thousand shares of RMBS and I believe the stock, IDF willing, to go to 120 this month -20 pts from here. I will gladly give up some of those 20 points for the put cost just to protect an unexpected announcement that takes RMBS back into the 70s or below. It's the first time in 20 years I have ever protected a stock position with puts.