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Rambus Inc. Message Board

  • holywallst holywallst May 18, 2011 7:11 PM Flag

    Nice Dead Cat Bounce. Double down on Short

    I really really doubt we get anywhere close to $15, but just in case we gap up tomorrow at open close to $15, oh man, thats like a hungry man at Hometown Buffet

    I will double down on my SHORT position at $15 like money was going out of style

    SHORT SHORT SHORT at $15 will be the new mantra. wish me luck. You gotta take advantage of this wonderful DEAD CAT BOUNCE

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    • I closed out my may 15 puts yesterday for a ~700% gain. My downside target of $12.5-13 was essentially hit.
      I have always been short biased on this stock. But, at this level the risk/reward profile has dramatically changed. Not to mention this is option exp week and RMBS is 4-5 strikes away from the major open interest. So, this morning i took a long position in the common. gl

 
RMBS
12.91-0.09(-0.69%)Apr 17 4:00 PMEDT