Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 105.01

-5.1%

3:59 PM EST

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To: Zeev Hed who wrote (37160)	2/15/2000 4:02:00 PM
From: Jdaasoc	Read Replies (1) of 93625

Zeev: This is the way I see it. There are many shorts who haven't got out. We see large BID lots that get passed by with 100 -200 share trades. When it reaches 170 somebody shorts anew and stock falls. Shorts try to cover anew. I would hate to have margin call today holding RMBS short. I think reality will take hold soon when a new group of short positions are reestablished at 150-170 range. So when the stock falls to 120, they have no need to cover these short positions for a while. As some confirmation that breakout is temporary JAN 01 100 PUTs are 19-22 today. If 170 was sustainable, they would be worth $5-6. john

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