Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave B who wrote (26043)	7/30/1999 4:13:00 PM
From: Stuart Steele	Read Replies (1) \| Respond to of 93625

20 block trades for 220,000 shares today

To: Dave B who wrote (26043)	7/30/1999 4:31:00 PM
From: Jdaasoc	Read Replies (2) \| Respond to of 93625

Dave: The S&P average and the long bond interest rate have an inverse relationship for over 10 yrs. It correlation held very good until Oct 1998. I believe that the gains between Oct 98 and now will be retraced to some degree. It may be 1275 ... 1225 ... maybe 1175 intraday before we rebound meaningfully. Call it a bubble; Call it we all can't be rich; Call it you can't fight the fed; Call it whatever you want. RMBS is a stock for the LT investor. I believe it was not Stuart but FMR that was selling. FMR unloaded over 1 M shares from 12/31/99 to 3/31/99. I don't think even one or more several individuals can reverse FMR actions. RMBS will still be good trading/short stock. I can't see the short interest going down much with this downturn. Where does one build a RMBS position; from anywhere they wish. My personal feeling is that things will be overdone on the down side pretty quickly. I was expecting a pop in RMBS stock before AUG option expiration dat but we will have to see what effect Mr. Greenspan has on the market AUG 24. Still think RMBS has to pop up signifcantly after Intel IDF because the news announcements will be constant in early SEP. jd