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


To: Victor Lazlo who wrote (36049)12/29/1999 12:18:00 AM
From: Victor Lazlo  Read Replies (1) | Respond to of 93625
 
As an infrequent poster around here, the one striking impression I get is that some folks are out to sink rmbs with all their might, and others are out to boost it.

Which led me to conclude long ago that nobody on these threads is objective. All of you have a vested interest in RMBS success or failure.

I believe that Bilow and Dan and others are gainfully (quite gainfully, judging by the time they spend around here) employed by companies that compete with RMBS. duh.

And I believe that others around here are long RMBS stock and want to see it appreciate. Presently, I can only say that Zeev and Don Green are for real.

Otherwise I will filter the obvious motives. Please, if you are new to this thread, do likewise. { Note: Others' comments may well be outside of my ability to discern. Proceed at your own risk on this thread. }

Victor Lazlo



To: Victor Lazlo who wrote (36049)12/29/1999 2:39:00 AM
From: richard surckla  Read Replies (3) | Respond to of 93625
 
Victor... who does Bilow work for?

Why himself... 9$ profit at a time. 50 shares at a time in and out. Our new mentor. He's laughing his way to the bank every day. See... look here... this is his secret. I want to grow up to be just like him:

To: unclewest who wrote (35769)
From: Bilow
Friday, Dec 10, 1999 1:20 PM ET
Reply # of 36056

Hi unclewest; The round trip commission cost (marginal calculation, ignoring seat fee) on those 50 shares was
$2.80 for me, plus the SEC fee... My profit before seat fee was about $9. Not bad for a few minutes of screwing
around.

I also pay a "seat fee" which is added into all my share costs for the day, but it is charged the moment I sit down.
Of course I don't know what it will add on a per share basis, but that doesn't mean I shouldn't take trades that beat
the marginal costs, just that I can't trade on an overall basis below the marginal costs plus the seat fee costs.

Basically, I do this as a business. I like to make a lot of relatively small profits during the course of the day, rather
than try to swing for the home run. So I count profits in terms of dollars per second, rather than in overall
percentage moves. The idea is to keep my cash and attention ready for the next trade. Trading is a somewhat more
complicated business than a lot of people think.

I'm just slumming on RMBS today, cause I'm too sleepy to do my usual scalping of INTC, MSFT and DELL. But
the stock has been kind to me, nevertheless. Best of luck, this puppy has to turn sometime, maybe today is the
bottom.

-- Carl