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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 95.57+0.7%Nov 28 9:30 AM EST

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To: Glenda King who wrote (28269)8/31/1999 6:25:00 PM
From: pompsander  Read Replies (2) of 93625
 
As to why Intel and Rambus did not participate today...

remember, the IDF has been anticipated for months. Market pros and semi-pros alike have been refining buy and sell strategies around these three days for some time. Today was the most critical of the three, as any "destroy Rambus" news would have come out. Of course, it did not. Many entered the stock in the 70s and 80s with a goal of getting to the IDF, testing the news and then exiting regardless of the nature of the news. This is not a bad thing. Over 2 million shares entered the game today with a base of 93-100. Millions more entered over the past two weeks. The shakeout today was somewhat overdue. Glad it is over. No big deal.
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