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

To: pompsander who wrote (38215)	3/15/2000 8:24:00 PM
From: Steve Lee	Respond to of 93625

To anyone wnating to invest based on fundamentals but worried about the market, buy calls in a company you believe is undervalued and hedge with puts in a company you believ is overvalued. That way you are covered in the event of an all encompassing market move plus you are likely to benefit from your own good judgement in each case. I opened calls on RMBS and puts on MU today. Both sides of this position were in profit at the close.