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To: Spytrdr who wrote (2250)9/2/2000 3:56:40 PM
From: techreports  Respond to of 3070
 
i've done great shorting RMBS at the recent double top (more than 2 months old by now). look at the chart, it was so so obvious.

I agree. When a stock goes up 400% in less than a month, which was mainly due to the short squeeze not something like they invented the cure for cancer or anything, you know the stock will go down. However, the latest run in Rambus stock was due to the settlement with Hitachi which basically says Rambus will receive royalties on SDRAM as well as DDR, which could be huge. The fundamentals changed IMO. Still a risky stock.

usnews.com

Rather than attempting to make an Internet phone do what it simply cannot do–serve as a replacement for the PC for navigating the Web–DoCoMo's I-mode service offers subscribers other ways to use the Internet's connectivity. Instant messaging, for example, has become the rage among Japanese teenagers: Who'd a thunk that a cellphone, a very serviceable tool for chitchat, would instead be used for text chat?

As a INSP shareholder, i'm happy to see services like these being used so much in other countries, however, i know this doesn't mean it'll succeed here in the US.



To: Spytrdr who wrote (2250)9/2/2000 5:27:09 PM
From: Hawkmoon  Read Replies (2) | Respond to of 3070
 
Well good for you Spytrdr...

Even a stopped is right twice a day... or should we say that you have a knack for the obvious.

Now it becomes harder for you to figure out. Do you maintain your RMBS short in hopes that it repeats history and bounces off the 200 DMA, or take your profits now and cover. Or better yet, do you ride your short until RMBS goes to zero (which is what I wish you would do).

Any two bit trader recognizes a "double top" shorting opportunity... Especially one that was derived from a major short squeeze.

RMBS is a buy at $60-65 range, or after it holds $80/share for 3 days in a row on good volume.

PS: I wouldn't short ARBA until it breaks the 20 DMA, unless doing some very nimble trading. But you may be correct as I would suspect some money would rotate to its more undervalued brother, CMRC...

Short ARBA, BUY CMRC.... Best of both worlds.

Now the real question is... are you willing to short INSP for the next 4 weeks?

Regards,

Ron