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

To: Zeev Hed who wrote (34071)	11/6/1999 7:15:00 PM
From: Bilow	Respond to of 93625

Hi Zeev Hed; The trade where you lost a buck on RMBS was also a case of a near perfect trade, by the way. Beautiful exit. I would have to guess that you sweated it a little, though... Trading is a game of probabilities, it isn't realistic to expect to win every trade. Probably what people do with their losers is more important than what they do with their winners. Leaving stuff on the table, that, too, is just a part of the game. OTOT A great book on divergent series by G.H. Hardy is still in print, and I got a copy from Barnes & Noble. Hardy was the mathematician who brought Ramanujan to England. I started reading it, and it is quite fascinating. Brings back a day when mathematical readers were assumed to have a good understanding of French, German, and Latin, as well as English. It turns out that the pre 20th century mathematicians played with divergent series all the time. It is only in the 20th century that students are taught the rigorous mathematics that avoids nasty series like: 0! + 1!x + 2!x^2 + 3!x^3 + 4!x^4 + ... The above series diverges for every non-zero x, but Hardy nevertheless sums it. When the factorial coefficients divide the powers of x, instead of multiplying them, the astute reader will recognize the series for exp(x). -- Carl

To: Zeev Hed who wrote (34071)	11/6/1999 7:55:00 PM
From: Jdaasoc	Read Replies (1) \| Respond to of 93625

Zeev: I was calculating how much shorts paid off on short loan when they got scared before on previous price runups to 90. The best they have done this year to pay down value of open short interest loan is $40 M. The current open interest balance is $ 576 M. So if they pay off $40 M there down to a balance of $ 536 M and stock price closes at 90 on next record date TUES NOV 9, the open short interest will be 5.96 M shares. I expect if stock price falls below 90 TUES there will be more than 5.96 M shares short. If stock price higher than 90 TUES less than 5.96 M shares short. john