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Technology Stocks : RAMBUS (Nasdaq: RMBS) - THE EAGLE -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (764)	1/22/2000 10:02:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 2039

Steve, I am not good at that "tick by tick" analysis. What I see after the fact is that the block went near the low of the day (that far) and the stock was held in a narrow range (about $77.25 to &&.75) for more than an hour prior to that. I would say that if that block was a buy, the buyer would have had to pay a premium relative to the then market price, it did not. One interpretation could be that the MM was shorting (into a rising SOX from about 808 to 815 at that time), until he had shorted enough (or nearly enough) to cover the buy is was going to do (from the institution selling the 200k), then a very short lived rally (caused by guys like me that mistakenly thought the increase in price was due to many smaller multi k transactions, I did not find out about the block until after I bought) ensued, allowing the MM to further short sell whatever he did not short before. The following decline could have been due to the realization that some institutions may be ready to bail out. We'll see Monday if that kind of analysis is fruitful at all. Who knows, by Monday the DRAM industry might be on its knees before RMBS (fat chance) asking that it treats them nicely and settle the suit (VBG), and this whole "analysis" might be moot. Zeev Zeev