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To: mishedlo who wrote (67022)2/13/2001 10:17:12 AM
From: chic_hearne  Read Replies (2) | Respond to of 436258
 
Earlie, come on now and admit you were wrong on RMBS.

I think ***YOU*** are the one that needs to admit ***YOU*** were wrong on RMBS.

As typical with these "love in" threads, none other than ***YOU*** recommended the thread ignore me because I was bearish:

Sept. 4th, RMBS closes at $78 5/8

Message 14326224

While all you jokers are betting the farm on calls, I've already bought poots:

Oct. 9th, RMBS opens at $79 1/5, closes at $71 3/8

Message 14539397

Oct. 31st, RMBS hits a day low of $36 1/2, closes at $44 15/16, I'm out in the 30's. [check the daily and the time of my post]

Message 14693565

So who was wrong? Hell, you loved it just as much when it was trading above $100. It's trading at what, $45 today?



To: mishedlo who wrote (67022)2/13/2001 11:14:37 AM
From: Earlie  Respond to of 436258
 
Mis:

I recently unboxed my small short on RMBS.

So far, that stock has been more than kind to me, but one does have to be agile with it. If I see anybody buying their products or see their royalty/revenues kick in, I would flip in a minute. I never marry a point of view and am happy to make money in either direction.

You are betting on a court decision with that stock, and I am not keen on coin flips. Even if they win, it would likely get sold on the news and I just don't think they have a prayer of winning. The industry will just work around these boyz in any event. The PE makes no sense to me.

Best, Earlie