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

To: sylvester80 who wrote (57127)	10/9/2000 10:58:18 AM
From: Earlie	Respond to of 93625

Sly: My gang has cleared most of its positions (all short) this past week (including clearing RMBS this AM). I too expect a decent bounce somewhere in here. It rarely pays to be greedy. (g) I would be surprised if the coming earnings numbers provide any relief. By way of example, I suspect that IBM's coming numbers will stick a dirk into its mad PE. IBM's stock price has been holding up well based on the expectation that it would win the big navy contract. It didn't. IBM puts make much sense to me this morning (even though very profitable IBM puts were sold early last week at this end). Best, Earlie

To: sylvester80 who wrote (57127)	10/9/2000 11:04:18 AM
From: GVTucker	Respond to of 93625

sylvester, RE: At the levels we are now I doubt anyone is making much money (yes, shorts have been, but I'm sure they are just as scared now at these levels in losing their profits). There are plenty of stocks that are doing just fine. There are also many investors that aren't primarily shorts that are doing fine in this market. Just not people overweighted in technology. Unfortunately, this includes most of the individual investors. If people had kept even a modestly diversified portfolio this year, they'd be fine. Every major index is up this year, ex-technology.