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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: gancho who wrote (3647)	7/26/2000 8:57:19 PM
From: mishedlo	Read Replies (1) \| Respond to of 30051

I bought Aug 90's today for 6 1/4 not trying to make you sick or anything. Hope the gap to 66 does not fill or we first get a sharp rise to 90 or so where I will take a quick profit. Of course a short squeeze anytime between now and expiration would be most welcome!

To: gancho who wrote (3647)	7/26/2000 9:38:04 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

gancho, I do not play options, so it is difficult to advise in this respect. It seems that at $2, you might as well take the loss completely. The reasoning is that if RMBS signs few additional licenses, the stock could rocket. I am not sure when the next IDF is, but it could be around the corner and another reason for bullishness. Right now, I am long the stock, but aware of the fact it has formed a major double top at $120 and of the fact that SOX broke an important neck in its own chart (neck of a double top head and shoulder, not very nice for the bullish scenario). In order to get $2 by expiration, the stock will have to be at $122, I think that is not very likely. I doubt that your premium in the next week will decline much further, you may want to see if today was indeed the turn around or if we continue further down before you sell, and then see it rocket again. I would not expect to see RMBS much above $93 (short of license agreement) if a rally did develop, if that takes more than a week, the premium (the time element) will start and decline, so you must take this into account as well. I am sorry I cannot be more "definitive", but options are not my "game". Zeev

To: gancho who wrote (3647)	7/27/2000 8:59:05 AM
From: Mark Johnson	Respond to of 30051

Don't feel bad gancho, the genius who started this thread did the same thing as you..... Message 13933124 To: Steve Lee who wrote (2694) From: Steve Lee Friday, Jun 23, 2000 9:45 AM ET Reply # of 3651 Just sold all my RMBS stock and bought Aug 100 calls on this "pullback".

To: gancho who wrote (3647)	7/27/2000 5:37:04 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 30051

Hi gancho: If your investing in options do you use technical indicators to pick entry and exit points on your positions? If not I'd recommend you look into it. A hard lesson to learn is to accept when the trade / investment has gone against you. Setting a stop will automatically get you out of the position. Maybe with a loss but preserving capital. This is much better than hoping for the stock to come back. A trap I still fall into. Unfortunately most here realize we are in a bear market and any rallies are only bear market rallies. This rally may still have legs and can run to 4,500 (doubtful now with the SOXX and nets breaking thru supports) but at this point if I was looking to exit a long position (which I am but I don't own Rambus) I would look for a market bounce over the next few days and sell into the rally. I doubt we rally past next Friday. August is typically not a good month for tech stocks. So with next Friday as my latest exit day I'll be looking long and hard @ my positions over the next few days. The analysis can change but right now I'm raising cash whether we rally or not. I can always find another opportunity down the road. Good luck. Tim