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

To: Zeev Hed who wrote (26019)	7/30/1999 2:29:00 PM
From: ynot	Read Replies (1) \| Respond to of 93625

*OT* Zeev, i appreciate your knowledge on financing issues and the fine work you've done here and other threads NOPT is one that i would welcome a comment, if possible very odd situation, NOPT filings say they negotiated a recent debt instrument which is held by shareholders CMP/NU NOPT acknowledges that the debt cannot be paid with expected sales their service is a commodity (fibre pipe) with no value add relative to the considerable market competition NOPT was 'touted', imho by George Gilder's techonolgy report Richard Gilder Jr of Gilder Gagnon Howe owns 1m shares odd indeed thank you in advance, and best wishes ynot ;)

To: Zeev Hed who wrote (26019)	7/30/1999 2:51:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 93625

Zeev, I do not like this market. The only thing green on the screen are a couple of cheapie small caps I own. I've been selling all day I'm almost 100% cash, and that includes RMBS. bp

To: Zeev Hed who wrote (26019)	7/30/1999 2:59:00 PM
From: Dave B	Read Replies (1) \| Respond to of 93625

Zeev, I doubt that companies call up the shorts when news is forthcoming before they call up the large insiders (in fact, I know that they don't <G>). I think what you're seeing is that often rumors about bad news will leak out, and the shorts react to that without waiting for the specific news. In fact, some of the longs may react as well, and you're just lumping them into the shorts. But the longs and insiders certainly hear the same rumors at the same time. So either the company feels the news is significant enough that it notifies the board, which may include large insider holdings, in which case the insiders know first. Or rumors leak out first, in which case everyone knows at the same time. So I think you're just seeing reactions to rumors and assuming the shorts "know" something. It's just the "buy the rumor, sell the fact" strategy in reverse. I can't imagine any information path that would, for example, allow negative information about Rambus to get to Bill Fleckenstein or Michael Burke before it got to Stuart Steele. Of course, whatever the rumor was, Bill and Michael would claim that they "knew" it ahead of time <G>. Dave