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

To: McNabb Brothers who wrote (38918)	3/25/2000 9:58:00 AM
From: Zeev Hed	Respond to of 93625

Hank, the rise from the $60 to above $400 was not due to the shorts, they just amplified the urgency of this ride. The rise was due to the recognition that, after it was thought INTC might weaken its RMBS resolve, it reaffirmed this resolve in the development forum, a number of DRAM producers announced production ramp ups and shipments by DELL of systems bearing "RMBS Inside". That crescendo is going to continue, but I think that more of the shorts are hedged against such sudden increases, and furthermore, the uncertainties associated with the Hitachi countersuit are going to cause increased volatility as well. I see a wide trading range from about $260 to $380 evolving and it may take some time before we see a break either way, my bet is that the break will be on the upside, however. Zeev