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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (77444)	3/9/2000 7:49:00 PM
From: Steve Lee	Read Replies (1) \| Respond to of 132070

OK I will give those points some time now: SDRAM/DDR matrix - this was not from a credible source. I find the figures unbelievable. It is on a pro AMD site. Wayne's supply/demand. At any instant in time the price is static. All the way up and down the supply demand curve, there are buyers and sellers with set prices in mind and an idea of how they value a product/stock. If these ideas are static, the price is in equilibrium and doesn't change. If there is a change in perception, then more buyers/sellers come in or buyers/sellers adjust their valuations. So a rally or decline obviously involves a buyer and a seller but is caused by a shift in expectations. This is my point when saying that if the short interest remains constant and a stock rises than there must be another influence i.e increased expectations. This is relevant in RMBS's case as the rise has been accompanied by good news all the way. The news I mentioned here yesterday was in the Asian press yesterday, today it was in the UK Register which has a large US readership. The stock rose both days. Reuters may get hold of it tomorrow which will put it on Yahoo and send the stock up further. I haven't responded more fully to these in the past because I considered the first point irrelevant - responding to a matrix formed from opinion and the second point to be basic economic theory.