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

To: sam who wrote (23677)	6/25/1999 2:13:00 PM
From: GVTucker	Read Replies (2) \| Respond to of 93625

sam, RE: My take on today's action is that we also may be seeing some institutional shorts trying to take advantage of the reported short figures...by increasing their positions. Doubtful. 'Institutional shorts' realize that the short interest figures that were reported are already 11 days old. Particularly in the case of RMBS right now, where the short interest is changing dramatically day to day, those figures provide only a snapshot, and a rather out of focus snapshot at that. For a short seller, there is a much more reliable measure of how tight a stock is--the repo rate the share lender charges. I haven't made inquiries of this rate in regards to RMBS, because I really don't have an interest in trading this stock today.