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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 94.23-11.1%Dec 12 9:30 AM EST

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To: Scumbria who wrote (48009)7/27/2000 1:58:09 PM
From: Bilow  Read Replies (1) of 93625
 
Hi Scumbria; The price action on RMBS is brutal. Big size on the ask on ISLD.

There is no way that this is a case of mom and pop puking up their shares. On down moves like today, mom and pop add to their positions, those little guys are hard to scare. This is a case of big boys moving out.

At the moment, the ISLD book shows six 500 or larger lots on the sell, (all of them at prices below what the stock was trading at 5 minutes ago), and only one on the buy. The buys are new lows, and include 6 orders below 100 shares. By comparison, the sells include no orders under 100 shares. It is pretty clear that mom and pop are picking up shares from the big guys.

-- Carl
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