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Politics : Ask Michael Burke

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To: Steve Lee who wrote (76749)	3/1/2000 9:06:00 AM
From: BSGrinder	Read Replies (1) of 132070

Re short squeeze, this is Cramer from TheStreet.com today. One thing he does know is a short squeeze when he sees it: I want to focus on four particular squeezes, where bets against stocks backfired in a big, big way. Remember, when you short stock, you have to buy it back at some point -- unless it gets delisted. In these four cases, the stocks "got away" from the shorts. They just kept climbing and climbing and climbing, causing a house of woe to be visited upon those who sold shares short. The first is Rambus (RMBS:Nasdaq - news - boards), which was effectively chronicled here -- if not predicted -- by Marcy Burstiner in our fine tech coverage. People thought Rambus would be designed out; they are in big-time. Now the stock is grotesquely overvalued as the shorts try to reel the stock back, but the longs won't let them.

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