Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.17

-1.2%

Dec 23 3:59 PM EST

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To: Michel Bera who wrote (5777)	7/17/1998 5:01:00 PM
From: Gary Wisdom	Read Replies (1) of 93625

Michael, I agree with you. I do enjoy the "intelligent" bear arguments made on the thread. And, I agree that SI is a contrarian indicator and some bearishness on this thread is needed. It is obvious Rambus is a very illiquid stock and has a mind of its own. It does not care what the general market is doing. This morning, 350K shares drove the stock down 5 points in 10 minutes at the open. It is obvious that this was intentional, as a "prudent" seller would have been patient and sold into strength. While there are not many options on this stock in the present month, I must assume it is very options related as there was a ton of call buying this past week. I can't come up with any other explanation why it hovered around $60 and change all day. Of course, Monday will tell more. More than any other stock I've been involved with, there are more games played in this stock. Note how the daily range has been at least $4 every day this week. That's a little extreme to say the least. Why is it that no one wants Rambus when it is $35, but everyone wants it when it is $67? It's mindboggling, don't you agree? As for the future direction, this is no Amazon. I think it will move up in lockstep over time. I've given up on thinking it can have more than one up day in a row as it continually proves it cannot. My advice to all: buy this stock in a cash account. Trade a portion only. Never put yourself in a position where you can get a margin call. It is way too volatile. Anyway, hope all have a great weekend. Long Rambus and still very happy.

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