Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 91.87

-3.6%

1:07 PM EST

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To: jbn3 who wrote (20991)	5/28/1999 8:20:00 AM
From: Zeev Hed	Read Replies (1) of 93625

jbn, RMBS does not have any "equivalent" securities that can be delivered against the short position, so shorting against the block can be only against stock already owned and if the shorter wants to continue and own these, he'll have to go into the market and buy back his shorted shares. Of course, there are hedging operation associated with options, but the total open interest is not large enough to justify 6 MM short position. I think these are real shorts this time and will provide a good cushion to any decline, IMHO. Zeev

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