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


To: Don Green who wrote (38447)3/20/2000 4:31:00 PM
From: Jdaasoc  Read Replies (1) | Respond to of 93625
 
Don:
I bought back some uncovered calls that I wrote at 400's today and sold some PUTs.
I think that Stuart's announcement had the reverse effect than he expected. By placing your stock into cash account implies that you are not going any longer with stock via buying on margin or short PUT options. Since he sold 10% of his holdings at prices less that most of today 3-4 weeks ago, what impression would you get if the single largest shareholder trumpets all over the web that RMBS appears overvalued and in statements he makes indicates it's been an ideal shorting target.
I just wish he would keep his mouth shut.

john