- Jan 23, 2002
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He legit turned crazy. I wasn't going to add this, but he actually sued Rambus in court and his case got dismissed twice. He's now on the Yahoo! and Fool.com boards bashing everything about RMBS. This was a guy who was 200% pro-Rambus during his option days.
That's why I appreciate Yoxxy's view. It balances out the board. I've been in Rambus long enough to be happy what is happening right now, but some of you guys, lol, you are going literally happy "I'm on coke and LSD at the same time" bonkers
Oh, I just noticed RMBS went past $19! WOOOOOOOOOO HOOOOOOOOOOOOO!
Oh wait, I'm not one of you drug addicts
Lot of good discussion going on here, glad for the additional viewpoints (in addition to Azurik - yoxxy, JS80, Slew etc). Thanks to all. Yoxxy esp good to see the CFA-based disclaimer put to use "in real life" as opposed to in sample test questions
- Jan 23, 2002
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LOL! I laughed out loud when I read this, ivan2
But hey... it broke the key resistance. If it stays at this level into the close, it favors a green day for RMBS tomorrow, especially if the markets bounce back up in tandem.
EDIT: My first time warp!
can't tell if it's PPT or shorts covering/longs buying in anticipation of PPT. regardless they are fulfilling their bidding.
Originally posted by: SKC
Lot of good discussion going on here, glad for the additional viewpoints (in addition to Azurik - yoxxy, JS80, Slew etc). Thanks to all. Yoxxy esp good to see the CFA-based disclaimer put to use "in real life" as opposed to in sample test questions
But the test questions are so fun
. I hung the code of ethics in my office earlier this year. It actually is fairly well written and the code and standards do cover a lot of ethical dilemmas you could get yourself into.It was me buying FAS and BXP into the close looking for a gap higher at the open and a quick sell out. I probably should have just stuck to buying golf clubs like I was doing earlier though.
Was on the floor, only a $.08 contract. Interesting bet though at 1500 contracts, could have been a liquidity trade by the specialist though.
Sell the way out of the moneys to create liquidity in the at the moneys with the extra. In options the specialist can actually make a buck or two unlike the NYSE and the NASDAQ where the exchange makes all the money.
heh and i thought my adding aug 25s were gutsy.
i do put a % chance of settling before sept trials. that's why i added august.
- Jan 23, 2002
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FYI: I finally bit and sold 3,000 shares above $19. I'm putting the $60k proceeds into bonds.
I now have 10,000 shares with Jan 2010 $25 and $30 calls. I am a little more comfortable with this, considering I never intended to have more than 5,000 shares. 10,000 shares is only have double what I wanted, lol I just couldn't resist buying in the single digits.
That closing was very impressive. We traded 9 million shares today on top of significant volume last Friday. It broke key resistance from the Robinson ruling in January. Next target for maj/min is $22. A settlement with a powerhouse like Samsung and the stock jumps to $35+. If no news until September, then it just follows the market's general direction, but I think it still outperforms the indices.
I now have 10,000 shares with Jan 2010 $25 and $30 calls. I am a little more comfortable with this, considering I never intended to have more than 5,000 shares. 10,000 shares is only have double what I wanted, lol
I just couldn't resist buying in the single digits.That closing was very impressive. We traded 9 million shares today on top of significant volume last Friday. It broke key resistance from the Robinson ruling in January. Next target for maj/min is $22. A settlement with a powerhouse like Samsung and the stock jumps to $35+. If no news until September, then it just follows the market's general direction, but I think it still outperforms the indices.
Originally posted by: Azurik
FYI: I finally bit and sold 3,000 shares above $19. I'm putting the $60k proceeds into bonds.
I now have 10,000 shares with Jan 2010 $25 and $30 calls. I am a little more comfortable with this, considering I never intended to have more than 5,000 shares. 10,000 shares is only have double what I wanted, lol
That closing was very impressive. We traded 9 million shares today on top of significant volume last Friday. It broke key resistance from the Robinson ruling in January. Next target for maj/min is $22. A settlement with a powerhouse like Samsung and the stock jumps to $35+. If no news until September, then it just follows the market's general direction, but I think it still outperforms the indices.
boooo hissssss
jk.
gawd if they settle before july opex...
Originally posted by: Azurik
FYI: I finally bit and sold 3,000 shares above $19. I'm putting the $60k proceeds into bonds.
I now have 10,000 shares with Jan 2010 $25 and $30 calls. I am a little more comfortable with this, considering I never intended to have more than 5,000 shares. 10,000 shares is only have double what I wanted, lol
That closing was very impressive. We traded 9 million shares today on top of significant volume last Friday. It broke key resistance from the Robinson ruling in January. Next target for maj/min is $22. A settlement with a powerhouse like Samsung and the stock jumps to $35+. If no news until September, then it just follows the market's general direction, but I think it still outperforms the indices.
Good call on that one.
Beta is 1.71 so it should outperform the market by 1.71x over a 52 week period. It has 2000 bps of out performance on a trailing 52week so it has definitely outperformed in the downturn.
I also hope your not the guy that has 3000 shares for sale on the top of the order book for 21.81 ask. He is "asking a lot."
- Jan 23, 2002
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Originally posted by: Yoxxy
Originally posted by: Azurik
FYI: I finally bit and sold 3,000 shares above $19. I'm putting the $60k proceeds into bonds.
I now have 10,000 shares with Jan 2010 $25 and $30 calls. I am a little more comfortable with this, considering I never intended to have more than 5,000 shares. 10,000 shares is only have double what I wanted, lol
That closing was very impressive. We traded 9 million shares today on top of significant volume last Friday. It broke key resistance from the Robinson ruling in January. Next target for maj/min is $22. A settlement with a powerhouse like Samsung and the stock jumps to $35+. If no news until September, then it just follows the market's general direction, but I think it still outperforms the indices.
Good call on that one.
Beta is 1.71 so it should outperform the market by 1.71x over a 52 week period. It has 2000 bps of out performance on a trailing 52week so it has definitely outperformed in the downturn.
I also hope your not the guy that has 3000 shares for sale on the top of the order book for 21.81 ask. He is "asking a lot."
Yes, I saw the comparison. Rambus is up 101.58% in the past 3 months, and up 20.16% year-to-date.
No, I'm not the guy who placed that 3,000 open order. I placed the $50!!! j/k
Seems like now there it would be preferable to be purchasing options? Maybe the time to buy/hold shares passed back when it was in the 5-10 range if you believe that it's going to hit 40.
JS80 just posted about buying some options... what/why did you buy, if you don't mind sharing? I'd also be interested in getting in on this... but not really knowing what I'm doing, I'd like to see what ATers are up to first.
- Jan 23, 2002
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JS80 bought the July $15's back a couple weeks ago when RMBS was trading at $12. It was a good bet back then, but now it's well in-the-money. Personally, Aug/Sept is too risky for me, and even Nov/Dec to some extent. But if you want to make a play at an early settlment and you're right, it'll pay big time. I won't complain either. I'm sure my shares and options will thank you.
Here's my short-term prediction: either the market makers peg this to where it is now/a little bit lower due to options expiration or we shoot close to $25 in very short order.
I bot the July 15 calls. The Aug/Nov options were too exp IMO so I decided to gamble on the July anticipating a run before the September trial date, especially considering there is a probability of settlement and never going to trial.
I also bot the August 25 calls this morning on the dip.
If you don't know what you're doing, I would recommend against buying options, although this might be a case of exception and may be a good time to "learn."
- Jan 23, 2002
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Agree with what JS80 said. Options are really risky... and I know my point will be lost because of the run-up we have had, but it's a losing position to most players.
If you had to press me in a corner, and I didn't have a Rambus position at all, I'd probably initiate a position with Jan $35 calls. It's risky, but that's the one I would choose in both in price target and time to hit.
For the short-term, I have to remind people, that it could go either way. Momentum is definitely in RMBS's favor, but it is overbought at this level. The rise happened way too fast and needs to consolidate before it can sustain a healthy and steady rise. This is not to say it can't go up any further.
Any news, and that advice I gave you goes out the window.
If you had to press me in a corner, and I didn't have a Rambus position at all, I'd probably initiate a position with Jan $35 calls. It's risky, but that's the one I would choose in both in price target and time to hit.
For the short-term, I have to remind people, that it could go either way. Momentum is definitely in RMBS's favor, but it is overbought at this level. The rise happened way too fast and needs to consolidate before it can sustain a healthy and steady rise. This is not to say it can't go up any further.
Any news, and that advice I gave you goes out the window.
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