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

To: Don Green who wrote (37612)	2/27/2000 10:51:00 PM
From: Jdaasoc	Read Replies (1) \| Respond to of 93625

Don: Don't make me find your "don't get married to your stock" quote. RMBS has been a good lover and it would hard to leave her unless Intel changes their mind which is a very unlikely possibility that this point. RMBS falls at least 25-30% at least twice a year but at end of each fall the low is signficantly higher. The last low was at 132 from a 172 high. I can personally remember 45(9/98), 51(4/99), 60(9/99), 73(12/99) and 78 (2/00) as the previous lows over the last two years. I was away from the market last TUES for that 132 low and missed opening an additional long position. I have some covered calls on RMBS which I keep a tight rein on them because of the price swings. I am worried about the very rich premiums on RMBS. Right now there is a $24 premium on MAR at the money and another $12 if you go out another 20 trading days to APR. Something tells me that RMBS is headed much higher in the near future as well as some short trip lower with some degree of probability. The market makers don't charge this much money for admission to the dance unless the action is good. john