Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 95.57

+0.7%

Nov 28 9:30 AM EST

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To: Gary Wisdom who wrote (7575)	9/29/1998 8:27:00 PM
From: MileHigh	Read Replies (1) of 93625

Gary, Please help me out. You write... The last 15 minutes, over 220K shares changed hands. There was one bid at $65 7/8 and the next highest bid was $65. The bid at $65 7/8 was Hambrecht & Quist. The bid was 600 shares. It makes for good reading but why would H&Q offer a bid at 65 7/8 when the next closest bid was 65? Are they stupid? They could have offer a bid at 1/8th better and scooped up the shares. Do I have this right or wrong? Also, if they know something, why didn't they just buy the shares a few minutes earlier at 63-64? Or did they find out about some news that was leaked 10 minutes before the close? I would question if H&Q knows something based upon this action or if they are out of touch. Seriously, please post some rational on why they would do this.. I would love to learn more about MM and the such...TIA. MileHigh

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