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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 108.76-1.9%12:50 PM EST

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To: Zeev Hed who wrote (39631)4/12/2000 2:10:00 PM
From: Jdaasoc  Read Replies (1) of 93625
 
Zeev:
I prefer to look at the "tension" in the Island book
I did quick study to see if 35% level of RMBS's trades as Island pricing matching trades was typical of other NAZ stocks. Price matching means about 2 shares of overall trades to normal NAS MM trade. So 35% trades on Island is underreprenstating the total level of RMBS shares traded on Island to some degree.
One the top 15 NAZ stocks only YHOO and JDSU had 15% of trades on Island and since JDSU is Canadian company the actual percentage of overall trades is less than 10% if you count Canadian exchanges into picture. INTC, ORCL, QCOM and SUNW had about 10% of trades on Island. The other 9 NDX top 15 had less than 5% on Island trades.
The take home story os can you trust these "tension" values as indictative of anything else but "soon to be hard luck gamblers" moment to moment fear/elation level.

john
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