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

To: The Prophet who wrote (43085)	5/27/2000 2:57:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 93625

The Prophet, a normal short position for a stock could be in the 1 day trading volume range, right now, with the increased activity in RMBS we do not have even a 1 day volume of shorts (average daily volume about 4 MM short just under that. Of that 4MM short, I would guess that a good 1MM is hedged (you got to count the short term options above $170 as well as the leaps above 100 (the last break out), probably another MM is part of the various makers daily operations, leaving you only with one half day of volume of uncovered shorts, not the fudder to feed a short squeeze, IMHO. Now, if we go above $300 and the short position goes to 4 or more days trading, then we could talk about a potential squeeze. Also, at this point in time, we do not have the type of market we had between January and mid March, a big difference, IMHO. Good luck out there. Zeev