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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (77146)	3/7/2000 5:43:00 PM
From: Steve Lee	Read Replies (1) \| Respond to of 132070

I do recognise the difference between fundamentals and technicals. It could be easy to lose a lot of profit on a fast moving stock like RMBS if it was built on hot air. I don't beleive that is the case with RMBS. It could still fall and fall fast, despite my view of the fundamentals - all it takes is a big sell. So as the stock has risen, the bulk of the profits have been banked and a small portion reinvested in new calls. Several times those calls have doubled, tripled or quadrupled. A couple of times they have been nearly wiped out. But with calls, you can only lose the small stake you put up - the upside is unlimited. The point here is that the stock has risen on fundamentals - each leg supported by significant news. Those who cry short squeeze and expect to be able to cover soon are in denial.