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

To: dumbmoney who wrote (36026)12/28/1999 2:51:00 AM
From: Don Green  Respond to of 93625
 
dumbmoney> I've seen literally worthless, bankrupt stocks zoom up on nothing but momentum buying and short covering, so believe me, it can happen.

That is exactly why I said what I did. Rambus has a long history of disappointing, and the Shorts know this. Yes anything is possible, but not likely. Don't under-estimate the 8 million plus shares that are short, they have also done careful research, and aren't a bunch of nuts. They have survived many quick and powerful run-ups of this stock only to watch it tumble soon afterward.

My point is it won't be just some good news , but the need for some sustained tail wind to clear the dense fog all around.

regards

Don



To: dumbmoney who wrote (36026)12/28/1999 5:07:00 AM
From: unclewest  Read Replies (2) | Respond to of 93625
 
We could easily see a 50% up move on nothing but pure momentum. It just takes a spark, which doesn't even have to be real news, let alone significant news. The high short interest is very dangerous.

i agree.
that spontaneous eruption you suggest happened yesterday to two other high short interest stocks i follow gstrf and cmrc.


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