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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (22291)	6/10/1999 2:17:00 AM
From: Barry Grossman	Read Replies (2) \| Respond to of 93625

Thread, For those wondering why we see less of Ibexx here: Message 10042217 Barry

To: pompsander who wrote (22291)	6/10/1999 6:54:00 AM
From: unclewest	Read Replies (2) \| Respond to of 93625

Maybe you could look on the bright side once in a while. You know, glass half-full kind of thing. pomp, i don't think the glass is wet yet. this is why i plan to increase my position today. we all know rambus is going to happen. we all know rambus is happening. the only question left is when do the shorts cover? they gotta be trying to figure out how to contain gains or losses now. these are the latest reported numbers i could find this morning... 23,300,000 = total shares outstanding 5,100,000 = owned by insiders 11,693,000 = owned by institutions 1,200,000 = owned by steele ___________ 5,307,000 = available for the shorts if everyone above holds(minus of course our shares). and all this news is creating new buyers further reducing this number. 6,146,451 = total rmbs short position. pretty clear picture to me. in the last 90 days, "net" purchases by institutions have been 3,194,000 shares. they look for, among other things, liquidity. at $85.84 per share rmbs market cap goes over $2 billion. that is a key buying figure, i am told, for many institutions. they also look at volume. rmbs average volume is well over 1 million a day and rising. quite sufficient for increasing institutional ownership imo. it always takes a few days for great rmbs news to filter all the way down. we should see some great action today on the morgan stanley upgrade to $150 per share. especially when everyone realizes he is the second major analyst with that figure. pomp, my other reasons for acting today are: we learned yesterday, that 19 european computer makers have boxes with rambus inside(someone is selling drdrams...that means early royalties). also yesterday the rambus cfo publicly confirmed the royalty figure of 1-2%. a lot of pencils worked with that last night. everyone will really flip when they find out asic and peripheral royalties are as high as 5%. this news will create momentum tomorrow as it filters down. i agree with don. something has to give. i think don is right about this, the path of least resistance will be a skyrocketing share price. unclewest "the author may have an interest in the security mentioned" <ggg>