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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 94.26-11.1%Dec 12 3:59 PM EST

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To: Ibexx who wrote (1019)8/13/1997 1:38:00 AM
From: mozek   of 93625
 
Ibexx,
OK, after reading what actually happened on Rambus, I'm getting the feeling that there's been a bit of manipulation. I still feel that the stock is a great long term purchase, but I'm wondering if I've been a little foolish to hold on while everyone was dumping and you were shorting against the box. I have to say that this has been close to the wildest ride I've been on in a stock. Looks like option style volatility.

You mentioned yesterday that your broker recommended you stay in until at least October. Did he express surprise at today's action? Do you think that he might have been misled? Any timetable/target for covering your short?

Thanks,
Mike
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