Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

jdaasoc...

I think you missed my point. I used to follow and trade RMBS, and from the reading and research I did back then, my conclusion was that RMBS probably was owed a ton of money from all the memory makers and also from a good number of regular chipmakers who also use some of RMBS work. That was just my opinion though, and my opinion paid them nothing.

RMBS has been and will be involved in a spider's web of litigation that likely will not be concluded within the next year, and with all of the international parties to the suits it could go on forever. Until there is either a final verdict or a settlement, RMBS gets nothing. There is also the chance that today's ruling will be reversed, perhaps several times, and RMBS could end up losing. The next time it gets an unfavorable ruling, it will be cut in half - again.

My point was that buying or shorting RMBS for other than a quick daytrade is essentially a crapshoot option on the outcome of multiple international lawsuits, and I am not a player for that.

RMBS may go back over $100 next week, but it will do so without me. That is just my opinion, though, and worth exactly what you paid for it.

mlsoft