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


To: Don Green who wrote (26891)8/10/1999 8:54:00 PM
From: Jdaasoc  Read Replies (1) | Respond to of 93625
 
Don:
I don't look at charts. In the case of RMBS, the 5+ M short interest are getting squeezed. Shorts can't win all their bets. So with S&P up only 4% for year, margin/maintenence calls are going to be coming for these guys. So they are starting to square their accounts by repaying RMBS short loan. Bad for them, good for us. I couldn't tell you honestly if even 1 M RIMM's will be sold this year, but RMBS will be good as gold for short term. I am going to check to see if any other high open short interest stocks are trending up this week. I believe INTC was in that category when it was about 50-52.