Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 92.91

+5.4%

1:34 PM EST

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To: unclewest who wrote (19581)	5/3/1999 11:57:00 AM
From: Sun Tzu	Read Replies (1) of 93625

I've tried to orchestrate such activities in the past with mixed results. Let me pass on my experience if you intend to cause a short squeeze. (1) It only works if the shares have been shorted to the hilt (i.e 90+% of non-institution owned float). (2) You need to evangelize your point of view and get as many of the shareholders to follow suit as you can. (3) The brokerages will do everything in their power to dissuade you from moving your shares into cash account. In the past I have seen these tactics: play dumb, ask why you want to do so, say that they cannot do it, refer you to a supervisor who invariably will not get back to you, outright lie, advise you against do it. In all such cases, they are wrong and you are right. They cannot legally refuse your demand to move the shares to a cash account and not lend it to the shorts. It should not require you any paper work and a single 45 second call should do the job. You may demand that they send you your share certificates (to be sure they will not double cross you). If you get your certificates, you may still sell your shares at anytime and have 3 days to deliver them back to the brokerage. Some brokerages, e.g. Fidelity, have a "feature" in their accounts whereby a program scans all their accounts at the end of the day and transfers any shares in the cash account to the margin account against your request. Make sure to check on the status of your shares the next few days to see that they are indeed in the cash account. good luck, Sun Tzu

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