hi dave,
thanks for your help yesterday with the asic explanation. certainly going to be interesting to see the armhy strong arm core and rambus interface on the same intel chips. love those royalties!
looking at the rmbs short interest and institutional holdings, i see an amazing correlation this morning. it has been there, i just did not see it till now.
in the past three months short sales have increased from 980,000s to 5,060,000s or 4,080,000s total increase. who bought them?
during this same 3 month period, institutional net purchases have been 3,900,000s bringing their total to over 12 million shares (over 50% of the total).
then of course stuart has been buying and i have been too (after every yard sale).
assuming the institutional hands are strong, shares of rmbs have to be getting very scarce. a coupla times on friday, i saw as few as 400s bought move the price up a 1/4 of a point. what happens if someone needs to cover a 10k or 50k or 100k short position? or several people in this position? where do they get the shares? further, i said last week that merrill told me they have no shares of rmbs left to short although some were available elsewhere.
i presume this means:
1. real pricing pressure exists in the market now...today.
2. we are not susceptible to any more significant short selling attacks.
now a little more news and reh gets his gasoline fire.
unclewest |
