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To: Jill who wrote (3991)8/22/2000 9:56:28 AM
From: mishedlo  Read Replies (1) | Respond to of 13572
 
The best time to buy would have been before the conference as we see.
This is not an insult, I did not buy enough options when it was in the 60's.

This baby will run on news. Yesterday's action at the close was almost as if someone knew something.

I do think 130-150 is likely by the end of the year.
Nov 100's could be reasonable. Or just go long.

If RMBS spikes up and give a hint of settling back, take some profits off the table.

With the BU$$ there is always another chance.
I do not believe these 200-400 targets people have on this thing. If it hits 150 I will sell covered calls on my long position and sell my options.



To: Jill who wrote (3991)8/22/2000 10:15:45 AM
From: mishedlo  Read Replies (2) | Respond to of 13572
 
Jill, I forgot to add - If there is no more news on the BU$$ after the conference it may fall back a bit.

That said Tate has been almost brilliant with important news announcements. I think he knows RMBS would run anyway during this conference and perhaps a little after.

So he could be holding back really good news. I expect NEC or Infineon to sign next. Probably NEC.

Stock would explode up on Infineon signing IM(notso)HO.
ggg