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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 94.23-1.4%3:59 PM EST

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To: RetiredNow who wrote (30650)9/25/1999 12:49:00 PM
From: richard surckla  Read Replies (2) of 93625
 
>>...I know it's tempting to believe that Stuart has more knowledge..."

Mind, because I asked Stuart a question or am interested in his take on the situation doesn't mean I think he is more knowledgeable or following his example. By all rights he should have a little more insight as to the happenings. I've watched several large investors lose tens of millions. I spoke of one not too long ago on this thread... Alfred Teo with his mega-bucks investments into Cirrus Logic sometime back. I asked Teo the same questions I asked Stuart. While Teo gave no reply he continued to buy big time. Here's just some of his buys that now total over 7.5 million shares (at the time he was buying he did not sit on the board. He was an outsider). biz.yahoo.com
I'm sure you don't think Stuart is the only one with a large position in Rambus? And what about the institutions? What were they doing: (A)Buying (B)Selling (C)Holding Pat? When I asked Stuart that question he said he had all his shares. Well what does that mean? It could mean exactly what he said, or it could mean that he sold some and bought them back at a lower price, in which case he would still have all his shares. He could have even added to his position and he would still have all his shares. If he is long, regardless of current events, I'm sure he would have added to his position, or been tempted to. Me I didn't follow him, whatever he did. As soon as I saw the words "delayed indefinitely" in the news report I sold. I will do my homework and look to see what happens in the AM monday. At 5$ or 10$ commission I should be able to buy back at a lower price than I sold for yesterday, if I feel there is a reason to.
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