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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 104.13+2.5%3:59 PM EST

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To: dougjn who wrote (1030)8/13/1997 12:41:00 AM
From: KM   of 93625
 
Doug: I talked to Sonki on the phone last night (8/11) and told her I was going to sell at least part this morning (8/12) if it opened up more than 2 or down more than 5. I've been around long enough to know that there was some game playing going on, but of course, am not privy to what the game is and the rules. It would have helped a lot if there were options traded on the stock to tell where traders were betting. I was truly truly disturbed by the 12 point runup on the 11th and very nearly sold that afternoon. I even called Schwab and put in a stop at 83, but then took it off. I didn't mind giving back a few points (had large gains already) to stay in the game long enough to tell where it was going. It became obvious early on, but I would have never guessed it would drop 20.
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