Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 88.83

-4.2%

10:21 AM EST

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To: MulhollandDrive who wrote (7516)	9/28/1998 5:28:00 PM
From: TigerPaw	Read Replies (1) of 93625

Any clues? NO I do have opinions. I think the Fed is pressuring the hedge funds to unwind various positions and move to lower margin levels. As such I think there were funds with short positions in RMBS. Even though this was not the best time to cover I think they were pressured into it and this mornings rise was an unusual type of short squeeze. Once the squeeze ended there were not very many buyers so the price dropped. All told things could get interesting over the next month or so. TP

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