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: jetcityrandy who wrote (37045)	2/14/2000 12:45:00 PM
From: Jdaasoc	Read Replies (3) \| Respond to of 93625

Randy: I am very happy to see that rmbs has at least/last broken through the $88-92 barrier it has whacked its head on since November. Now if the 105.313 from Aug 27th (close) can fall. Hmmm.. Yes Randy we are back at 100. The only difference is that RDRAM production is ramping up, Sony PS II is being released in 3 weeks; Open short interest is at 8.7 M now rather than 6 M than in July 99. This means that a lot of short shares are starting to cost them big time. I calculate that the value of that short position is over $ 800 M. I hate to have that size of a loan with rising interest rates and diminished prospects for capital appreciation in the hi-techs. It is going to be very hard to stop a speeding bus without the braking effect of shorting the stock. Who would be silly to sell a stock that is gaining 10% a day. john