RAMBUS (Nasdaq: RMBS) - THE EAGLE Message Board

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Technology Stocks : RAMBUS (Nasdaq: RMBS) - THE EAGLE

RMBS 110.62

+2.7%

3:59 PM EST

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To: Wesley Jack who wrote (998)	2/14/2000 8:40:00 PM
From: Zeev Hed	Read Replies (3) of 2039

Wesley, I do not remember saying that all the shorts got out, there was not enough volume, as a matter of fact, they probably added all the way to 117 and maybe even more, contributing possibly to the final 1/2 hour selling. I would rather see the short position inch up a little more, then, when it is clear that RMBS is breaking out wildly, short covering will ignite a real fire. I would say that it would have been enough in today's volume to have 15% of that (or just a million shares) covering to put in the necessary urgency to get the price advance we got, and I would not be surprised if it was "foundable" to find that the MM's in order to satisfy the demand had to short themselves. They will probably cover and provide support once the news (which I still expect to hear) that caused this explosion becomes public knowledge, and a retrenchment process is set in place. Zeev

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