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

To: McNabb Brothers who wrote (38182)3/15/2000 10:27:00 AM
From: Steve Lee  Read Replies (2) | Respond to of 93625
 
I suggest you cover now with RMBS at 416 - or you might be getting a margin call. Trouble with writing naked calls on RMBS is that you can have cash aside to buy the stock/calls at a predetermined stop loss price and when it hits that price it can go through so fast that you can't place the trade quick enough to not get wiped out.



To: McNabb Brothers who wrote (38182)3/15/2000 11:10:00 AM
From: Jdaasoc  Respond to of 93625
 
Hank:
Why stop at 128. On the Yahoo thread before the runup, the shorts said see you at 70. The longs would respond yea after the 2/1 split.
For you, that means after the 4/1 split. Or you will have to pay 4X$128 or $512 to close your short.

LOL

john


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