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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: IQBAL LATIF who wrote (17608)3/27/1998 12:28:00 AM
From: Getcher  Respond to of 50167
 
IKE,

KLAC and SNE are acting fine, however RMBS took a dive down to $39. We haven't seen this price on a close since mid June when it exploded from a base of $30.375 and went up to $51 over 1 week, before settling in @ $46.50. In fact the stock has really no supports between $30.375 and $40! I am quite concerned.

Reason for the drop today I believe is attributed to a downgrade (per my broker, but I don't see it in the news out there). Very interesting movement, extremely interesting close ... Now do I buy more calls or puts! It can't stay at this price!

Getcher