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

To: edamo who wrote (63236)	12/20/2000 2:24:08 PM
From: GVTucker	Read Replies (1) \| Respond to of 93625

RE: options When I was 18 years old, I made a ton of money (relatively) that summer bailing hay during the day and selling Coca-cola at night at Texas Rangers games. I lost every nickel trading options. Although it was painful at the time, in retrospect it was one of the best lessons I ever learned, in addition to being a cheap one.

To: edamo who wrote (63236)	12/20/2000 4:13:09 PM
From: blake_paterson	Read Replies (2) \| Respond to of 93625

ed...atm itm call buys have intrinsic value...in a down trending market it doesn't pay to buy cheap.... lessons learned. thanks fer the advice... I figured we were done w/ the down trending yesterday AM when I set up the orders: due for a change of bias tax selling nearing an end Bush beginning to set up a govt RMBS finishing a stellar qtr etc etc etc big ouch. On the bright side, all it takes is a price of 48 in the next 30 days to be back in the black on that tansaction..or so I hope. Now I have even less gunpowder to use to try and re-establish positions of just 45 days ago. Lots of margin calls out there today. yikes...this is is scarier than '87 and harder than '98. I think/hope a lot of the tech warnings and downgrades will prove to be trivial in 45 days. At least that's what I am telling myself. BP