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

To: Sabrejet who wrote (38988)	3/28/2000 8:10:00 PM
From: Jdaasoc	Read Replies (1) \| Respond to of 93625

Sabrejet: How many of you bought this overstuffed turkey @$460+++??? I'll admit that I got a little greedy and bought some at 380 for my daughters trust account for 2000. The bulk of what I own is at 70-90 range the balance from 240-280 last week. Please do me the favor of telling me your exit point. Don;t get stupid and say something like 70, 170 or even 250. It has been proven that with the value of open short interest over $2B a lot of RMBS stock is going to be bought by the shorts trying to close. john

To: Sabrejet who wrote (38988)	3/28/2000 8:16:00 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 93625

my overall average cost basis is 77. Victor

To: Sabrejet who wrote (38988)	3/28/2000 8:21:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 93625

Sabrejet, I believe that a good 80% of the stock bought between $430 and $471 was acquired to cover short position, so you will not find many on this thread who bought it there. Make sure you cover your shorts if the stock goes under $300, it may not stay there very long, if you don't learn from history, you may be doomed to repeat it and cover between $430 and $500, like the prior bag holders of 4 MM short shares that covered in that range and gave us a great selling opportunity. Good luck, we love shorts on this thread, the smart ones will cover around $280 and provide support for the stock, those that overstay their welcome will provide the fuel for another short squeeze. Zeev